May 14th, 2010 03:18:34 GMT

Quick look at the order books


EUR/USD: barrier protection ahead of 1.2500, stops below this level but bids also said to be plentiful. More barriers at 1.2450 with heavy stops below there. Sovereign offers now just below 1.2700. EUR/CHF: barrier protection ahead of 1.4000, SNB also expected … Continue reading

May 13th, 2010 06:26:58 GMT

USD/JPY touch firmer, stops noted


Well, global stockmarkets seem a little more stable and against this backdrop yen a touch easier. EUR/JPY up at 118.30 from early 117.95. USD/JPY up at 93.40 from early 93.20.  Stops said to be gathered through 93.65 and more through … Continue reading

May 13th, 2010 02:54:28 GMT

Quick look at the order board


AUD/USD: trailing stops above .9040 USD/JPY: solid offers 93.35 through 93.50. Heavy stops above 93.65 and 94.05 EUR/CHF: barrier protection ahead of 1.4000; SNB expected to defend same level EUR/USD: BIS have been active seller above 1.2725, offers now rumoured … Continue reading

May 12th, 2010 23:58:56 GMT

Japan’s March current account balance +65% YoY


This is much larger than the 35% anticipated. The current account surplus is now the largest in over 2 years and I’m guessing that it’s exports to developing markets like China which are driving the growth.


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