January 29th, 2010 07:40:24 GMT

USD/JPY ticks higher

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USD/JPY has ticked higher in early European trade, presently at 90.20.  Doesn’t appear to be news driven. Rather it appears to be bout of general short covering. Personally I wouldn’t like to be short USD/JPY going into this afternoons US GDP … Continue reading

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January 28th, 2010 20:11:49 GMT

Stocks bouncing again

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Sticks are bouncing again, down less than 3/4% as we get close to the Bernanke vote. Not sure whether the vote has anything to do with the bounce, but the timing is curious. EUR/USD is stuck in the mud in … Continue reading

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January 28th, 2010 11:03:24 GMT

EUR/USD and GBP/USD giving back gains

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EUR/USD and GBP/USD have both turned lower as European stocks give ground. Well  Asian sovereigns have done well today, having sold up around 1.4050 and 1.6276 in the respective pairings. Elsewhere USD/JPY down at 90.25, the earlier mentioned Japanese auto maker selling … Continue reading

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January 28th, 2010 00:43:38 GMT

Nikkei +0.7%, USD marginally higher

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It remains very quiet in FX world and we are awaiting any surprise developments in President Obama’s State of the Union address to perhaps introduce a bit of volatility. USD/JPY is ekeing out new highs as the Nikkei also sneaks … Continue reading

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