July 16th, 2009 03:16:56 GMT

All quiet on EUR/USD

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It seem EUR is holding onto the intraday support level here at 1.4060. We havent seen any major flows in Asia for a few days now. It looks like the market might we looking towards Wall St tonight and in … Continue reading

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July 16th, 2009 00:37:35 GMT

Intraday trading levels

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After speaking with a couple of interbank dealers, these are the levels which they are watching in the majors: EUR/USD they expect to trade inside 1.4060/1.4130 prior to Europe Cable similarly tight in a 1.6410/50 range but they expect to … Continue reading

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July 15th, 2009 23:09:22 GMT

CIT talks fail; bankruptcy looming

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This would be one of the largest bankruptcies in the financial markets since markets started to regain a semblance of normality this year.

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July 15th, 2009 22:23:40 GMT

Order books look amazingly empty

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Dealers report that there are now some very big gaps appearing on their order books but there is still some sizeable interest around. EUR/USD offers around 1.4150 are thought to be from a Sovereign name. There were sizeable offers of … Continue reading

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July 15th, 2009 19:28:33 GMT

A cautionary tale

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Feeling good about taking on the Chinese and winning in EUR/USD today (China was a very steady seller of EUR/USD earlier today in the 1.4070/1.4100 area) ? Before you get too giddy, hearken back to a week ago when we … Continue reading

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