August 13th, 2009 09:06:09 GMT.

Euro zone Q-2 GDP -0.1% q/q, -4.6% y/y


Euro zone Q-2 GDP has come in at -0.1% q/q, -4.6% y/y,  better than the median forecasts of -0.5%, -5.1% y/y. EUR/USD sits at 1.4265, marginally firmer post release. As mentioned earlier expectations will have been raised given the better … Continue reading


August 13th, 2009 05:17:36 GMT.

USD slightly easier in Asian trade


The USD has seen some marginal weakness in slow Asian trade. EUR/USD is up at 1.4215  from a North American close Wednesday around 1.4190, while GBP/USD is up at 1.6510 from around 1.6480. The USD weakness comes against the backdrop … Continue reading


August 13th, 2009 03:54:33 GMT.

Markets staying quiet, awaiting Europe and GDP numbers


Nothing much happening in Asia today with the USD slightly lower across the board compared with the NY close. The USD has lost on average 20 pips against most of the majors, which is basically flat one could say.


August 12th, 2009 21:26:25 GMT.

Stops done left and right, now what


The ranges are becoming well defined and anyone trying to trade a break is getting hammered. EUR/USD took out the 1.4100 barrier and the stops above 1.4230. AUD/USD was unusually whippy, down 100, up 200, down 60. All we can … Continue reading


August 12th, 2009 13:43:21 GMT.

EUR/USD challenging 1.4185 resistance


The US markets are taking in stride the sharp slide in Asian shares overnight. Risk-off trades are being covered, helping push EUR/USD to test resistance at 1.4185. A break of the 1.4215 area would set off a swifter short-covering rally … Continue reading


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