June 13th, 2012 10:04:53 GMT.

BUBA considers buying Australian dollars- sources


Dow Jones headline. BUBA officials are meeting with Australian banks on A$ move according to sources and are very serious  over possible A$ exposure , AUD’s  just posted a day’s high of 0.9989 UPDATE:  Buba declines to comment (surprise, surprise)


June 13th, 2012 10:03:02 GMT.

EUR/JPY rally stalls at 100.00….


99.99 is the EBS high so far and the level’s providing some  strong resistance at the moment. There’s buy stops just above  and not much in the way of technical resistance above until 100.80/90 EUR/JPY’s  around 99.92


June 13th, 2012 09:32:46 GMT.

EUR/USD extends rally, notable buyer


Swiss private bank bought a chunk of EUR/USD in recent trade.  The bank in question is a well-known conduit for middle eastern interest. So there you have it, middle eastern names still buying. Technical resistance in form of 21 dma comes at … Continue reading


June 13th, 2012 09:13:14 GMT.

EUR/GBP stalling into offers above 0.8050


This morning’s bounce has stuttered into some fairly solid resistance just above 0.8050 (0.8053 – 61.8% of yesterday’s downmove) and could look to slip back towards yesterday’s lows around 0.8012 as ongoing middle east cable buying weighs on the pair.  A … Continue reading

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