July 23rd, 2009 03:18:15 GMT

EURUSD follows higher

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EURUSD has followed EURJPY higher with a hedge fund the main buyer and various other  Asian names sighted in the buying mix. Look for some resistance around last night high, 1.4250-60 area. However, there are a lot of bids back … Continue reading

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July 23rd, 2009 00:45:38 GMT

Not much action heading into the fix

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It has been a really disappointing session so far in Asia and I suspect it’s likely to continue. EUR/USD is expected to continue to trade in a 1.415/1.425 range, USD/JPY is having extreme difficulty moving anywhere in a hurry and AUD/USD … Continue reading

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July 22nd, 2009 21:15:41 GMT

Deja Vu all over again

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Cable is 25 pips higher than yesterday mornings open but otherwise everything is exactly where it was. As we wrote yesterday, solid interest either side of 1.4150/1.4250 should ensure a few sessions of range trading for the EUR/USD. AUD/USD worked … Continue reading

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July 22nd, 2009 19:49:35 GMT

AUD and Kiwi givith, taketh away

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After leading the way higher in the middle of the session, Aussie and Kiwi are helping lead the way back down late in the session. US equities are losing a bit of ground late, unable to hold the modestly higher … Continue reading

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July 22nd, 2009 18:56:00 GMT

Suddenly, it’s summer

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After a pop to the topside at midday, risk trades have come to a screeching halt and were are left to question whether our market data is refreshing or are the screens stuck again….The morning hours have been reasonably active … Continue reading

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July 22nd, 2009 17:32:11 GMT

Ranges extend, then stall

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EUR/USD made a push above the 1.4250 level, reaching 1.4257 while AUD/USD managed to break as high as 0.8212 before easing. Firm US equities helped fuel the last reach but they too have pulled back from session highs. Rumors of … Continue reading

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