June 23rd, 2010 04:00:26 GMT.

Quick look at the order books

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EUR/USD: Stops below 1.2240; Sovereign bids 1.2155/80; stops above 1.2320, 1.2330 and 1.2360. AUD/USD: Stops below .8690 USD/JPY: Bids ahead of 90.00 with stops directly below USD/CAD: Sovereign interest to buy at 1.0150

2010-06-23T04:00:26+0000
2010-06-22T21:13:48+0000

June 22nd, 2010 19:48:23 GMT.

USD/JPY, EUR/JPY flirt with levels

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The weaker US equity market and lower US bond yields are combining to push JPY pairs near important supports. USD/JPY edged through 90.50 support but it has been sticky around that level and trades now at 90.47. EUR/JPY edged to … Continue reading

2010-06-22T19:48:23+0000

June 22nd, 2010 12:52:11 GMT.

Tired of USD/JPY not moving? Buy a DNT!

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That’s what Nomura, the big Japanese investment bank, is telling clients. They recommend a 1-year 88/98 double-no-touch to take advantage of the lack of movement in this pair, based upon the idea that Japan.US interest rate differentials are unlikely to … Continue reading

2010-06-22T12:52:11+0000

June 22nd, 2010 04:12:52 GMT.

Quick look at the order books

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I guess that many traders are either on holidays or have taken their orders off due to Chinese activity, but whatever the reason, I’m hearing that order boards are relatively light in the interbank market EUR/USD: stops below 1.2260 and … Continue reading

2010-06-22T04:12:52+0000
2010-06-21T21:58:43+0000

June 21st, 2010 08:40:27 GMT.

USD/JPY very marginally firmer

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USD/JPY up at 90.95 from early 90.80 in lacklustre trade.  Hearing stops through 91.10. Wouldn’t think they’re huge. EDIT:  While not huge, stops seemingly were of fairly decent size. USD/JPY has popped to session high 91.37, presently at 91.30.

2010-06-21T08:40:27+0000

June 21st, 2010 00:06:22 GMT.

Nikkei opens +1.1%

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Risk appetite is also the dominating factor in the FX market and USD/JPY is back up to its NY closing level at 90.65 after trading below 90.10 in early interbank trade.

2010-06-21T00:06:22+0000

June 20th, 2010 21:58:25 GMT.

Order books cleared out when news breaks

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Most professional accounts will pull their orders (certainly the take-profit ones) when some news breaks. With the market still trying to figure out what the impact of the Chinese moves should be, trading conditions are quite thin. AUD/USD: heavy stops … Continue reading

2010-06-20T21:58:25+0000
2010-06-18T05:42:39+0000
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