July 7th, 2009 13:17:13 GMT

1.3995/1.4000 should provide modest support

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EUR/USD is easing after a rally as high as 1.4050. Mid-East accounts were apparently the predominant buyers this morning, absorbing some sizable sales. The former hourly range tops in the 1.39995/1.4000 region should contain pullbacks near-term. Short-term specs will likely … Continue reading

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July 7th, 2009 05:17:48 GMT

Market on hold in Asian trade

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Well not alot to report, the market having been effectively on hold in Asia. That’s not overly surprising given the price action yesterday. First we had a huge risk aversion play with the JPY a major beneficiary and then we saw … Continue reading

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