AceTrader: Market Moving News

Eur/usd - 1.3166 ... The single currency dropped on the back of intra-day selloff in cable n stops below 1.3140/45 were triggered, the release of soft eurozone industrial orders data also put pressure on euro, however, the pair found cross-related buying interest around 1.3120/25 n has rebounded fm 1.3128 as traders booked profit ahead of U.S. opening. At the moment, bids are tipped fm 1.3150 down to 1.3120 with stops placed below latter lvl n mixture of bids n stops remains at 1.3090-00. On the upside, offers are lined up fm 1.3190 up to 1.3220 with stops starting to build abv 1.3250, 1.3275/80 n 1.3300-10...

16 Apr 2009 10:55 GMT
Gbp/usd - 1.4848 ... Despite rising to a 3-month high of 1.5069 in Asia, the British pound tumbled on active cross-selling in sterling on profit-taking after early release of weaker-than-expected economic data out of China, stops below 1.4945/50, 1.4920 n 1.4850 were triggered, mixture of bids n stops at 1.4810-20 is now in focus but buying interest is likely to emerge further out at 1.4770-80. On the upside, offers fm Asian names are tipped fm 1.4900 up to 1.4940 with some stops located at 1.4955 but more selling interest is tipped at 1.4990-00...
16 Apr 2009 09:15 GMT
Usd/jpy - 98.68 ... The greenback slipped in European morning on renewed cross-buying in yen due to risk aversion as Asian stock markets turned negative in late trading (HSI closed down 86 pts after early over 300 pts rise) n stops below 98.90/95 were triggered, however, bids are still noted at 98.40-50 with mixture of bids n stops remains below 98.00-10. On the upside, offers are now reported at 98.90-00 with some stops placed abv 99.10 n 99.30...
16 Apr 2009 05:38 GMT
Gbp/usd - 1.4975...Despite the intra-day rally to 1.5069 in Asia, cable has retreated on profit taking n also risk aversion following the release of the China Q1 GDP figure (which came in at 6.1% with rumours circulating that the figure wud be as high as 8.0%). Bids at 1.4940/50 are in focus with more buying interest likely to emerge around 1.4900. Fresh offers are tipped fm 1.5080 up to 1.5110...
16 Apr 2009 05:29 GMT
Eur/usd - 1.3196...Cross selling in euro vs yen has pressured price here n stops at 1.3180/90 are in focus, however, bids fm Asian n sovereign names are tipped at 1.3150/60 with more buying interest likely to emerge ahead of an option barrier at 1.3100. Offers fm various accounts are reported at 1.3250 n 1.3300. Traders will be on the lookout for more comments fm European officials regarding any extraordinary quantitative easing measures the bank may implement...
16 Apr 2009 05:21 GMT
Usd/jpy - 98.94...Dlr has fallen on active cross buying in yen with the Nikkei-225 giving up most of its intra-day gains (the index is currently up by only 21 points) after China's Q1 GDP growth turned out to be not as strg as expected. Bids at 98.95/00 have been filled n a mixture of bids n stops is reported at 98.50/60. On the upside, fresh offers are tipped at 99.50/60 with selling interest noted further out at 99.90/00 (some orders are option-related)...
16 Apr 2009 02:22 GMT
Gbp/usd - 1.5017...Cable rallied to a fresh 3-month high at 1.5069 earlier this morning in a relatively thin market (some traders were encouraged by the BRC retail sales data which showed a smaller fall in March compared to Feb) b4 retreating on long liquidation. Bids at 1.4990 are now in focus with more buying interest reported at 1.4940/50. On the upside, offers are noted further out at 1.5110/20 (some orders are for profit taking purposes)...
16 Apr 2009 02:15 GMT
Eur/usd - 1.3225...Euro rose to 1.3270 on active cross buying vs yen (eur/jpy rallied briefly to 132.03) b4 retreating on profit taking by st specs, with traders citing the release of weaker-than-expected China Q1 GDP data as one of the factors behind the long liquidation. Bids are likely to emerge at 1.3180 n 1.3150 while on the upside, offers are noted at 1.3290/00 with stops placed abv there...
16 Apr 2009 02:06 GMT
Usd/jpy - 99.20...Dlr found some support fm the rise in eur/jpy earlier this morning n price hit an intra-day high of 99.52 b4 easing after running into offers placed near 99.68 (y'day's high). Bids at 99.00/10 are in focus with buying interest also noted at 98.80 n 98.50/60 (stops are placed below latter lvl). On the upside, fresh offers fm exporters are tipped at 99.70 n 99.90/00 with stops building up abv there. The Nikkei-225 has ended the morning session up 253 points, following the o/n 109-point gain in the Dow...
15 Apr 2009 19:37 GMT
Eur/usd - 1.3204... Despite the single currency's retreat fm 1.3235/40, euro traded sideways in New York afternoon session n buying interest (cross-related) are now seen fm 1.3180 down to 1.3150 with stops located below 1.3135/40 n further out at 1.3100. On the upside, offers fm various accounts (including st specs) are noted at 1.3240/50 n 1.3290/00 with stops placed abv latter lvl.
15 Apr 2009 18:19 GMT
Gbp/usd - 1.4978 ... Cable rebounded fm 1.4925/30 in part due to cross-buying in sterling esp vs yen. Bids are now building up fm 1.4955 down to 1.4930 with stops (sizable) located below 1.4915/20 n also around 1.4900. On the upside, offers by st specs are noted fm 1.5000 up to 1.5020 with mixture of offers n stops seen abv latter lvl n abv 1.5050 (option-related)...
15 Apr 2009 18:13 GMT
Usd/jpy - 99.20 ... The greenback continued to trade abv 99.00 lvl against the yen as U.S. stock markets remained in the positive territories. Buying interest fm various accounts is seen fm 99.00 down to 98.80 with mixture of bids n stops located at 98.50/60 n 98.20/25. On the upside, offers (some are for profit-taking purposes) are now seen in the region of 99.30-50 with mixture of offers n stops placed at 99.60/70 n 99.90/00.
15 Apr 2009 16:10 GMT
Eur/usd - 1.3181 ... The single currency remained under pressure after intra-day selloff to 1.3146 by various accounts on the comments fm ECB's Weber, however, defensive bids ahead of the 1.3140 barrier (will expire tom.) lifted the pair. On the upside, offers are noted at 1.3200, 1.3250 n 1.3290/00 with stops seen abv 1.3305/10.
15 Apr 2009 14:53 GMT
Gbp/usd - 1.4968 ... Cable surged to a 3-month high abv 1.5000 on active buying by U.K. clearer n U.S. inv. bank n stops abv 1.4960 n 1.5000 were triggered, however, the British pound ran into heavy offers at 1.5038 n has retreated back to around 1.4925 in New York morning on profit-taking. At the moment, bids are still noted fm 1.4930 down to 1.4900 with some stops placed below 1.4900 whilst on the upside, offers are tipped fm 1.5000 up to 1.5040 with option-related stops located abv 1.5050...
15 Apr 2009 13:39 GMT
Usd/jpy - 99.40 ... Although the greenback extended intra-day rise to 99.68 in New York morning on dlr's broad-based rally esp. vs European currencies, the pair has eased after the release of weaker-than-expected U.S. industrial production data (-1.5% vs forecast of -0.9%). At the moment, offers are reported fm 99.60 up to 100.00 with stops starting to build abv latter lvl whilst on the downside, bids are still tipped fm 99.20 down to 98.80 n mixture of bids n stops is located at 98.50-60...
15 Apr 2009 11:50 GMT
Eur/usd - 1.3190 ... Despite intra-day strg rebound to 1.3298, the single currency tumbled fm there partly due to comments fm ECB's Weber who said the central bank will annouce 'non-standard' measures to help the economy through the global recession n he sees inflation risks as limited, he also indicated that large part of 2009 will show negative growth in Germany. In addition, news that Citigroup raises Goldman Sachs 2009 earnings per share view plus rating the inv. bank 'Buy' also helped lifting dlr across the board. Stops below 1.3200 were triggered, however, mixture of bids n stop is located at 1.3150-60 n more stops are tipped at 1.3120. On the upside, offers are noted fm 1.3230 up to 1.3240 n more selling interest is likely to emerge around 1.3270-80 with stops placed abv 1.3305/10...
15 Apr 2009 10:14 GMT
Gbp/usd - 1.4958 ... The British pound rallied after finding good support at 1.4822 n U.K. clearer, U.S. inv. bank n European sovereign names were seen buying sterling across the board, stops abv 1.4900, 1.4920 n 1.4950 were triggered n mixture of offers (fm Asian names) n stops at 1.4980-90 is now in focus with more stops located abv 1.5000 barrier. On the downside, bids are lined up fm 1.4940 down to 1.4900...
15 Apr 2009 10:11 GMT
Eur/usd - 1.3253 ... Although the single currency dropped to 1.3204 in European morning, euro found decent demand fm Asian CBs just abv 1.3200 n has rebounded in tandem with intra-day rally in cable, Japanese n German names were seen buying the pair around 1.3230, however, mixtures of offers n stops remain at 1.3265-75 n further out at 1.3305/10. On the downside, bids fm same parties are lined up fm 1.3240 down to 1.3210 with stops starting to build below 1.3200...
15 Apr 2009 09:32 GMT
Usd/jpy - 99.02 ... Despite falling to an intra-day low of 98.15 in Tokyo trading earlier, the greenback has rebounded on cross-selling in yen due to risk appetite as Asian stock markets staged a late rebound (HSI closed +89 pts after dropping over 360 pts in the morning, Dow futures also turned positive n currently up 23 pts). Offers at 98.60-70 were absorbed n stops abv 99.20 are in focus but more selling interest is tipped further out at 99.50 n 99.90-00. On the downside, bids are lined up fm 98.80 down to 98.50 with some stops seen below there n 98.00-10...
15 Apr 2009 05:44 GMT
Gbp/usd - 1.4876...Cable dipped briefly to 1.4851 in Asia b4 recovering but cross selling in sterling vs euro (unwinding of short eur/gbp positions) is putting some pressure on the British pound. Bids are reported at 1.4840/50 n 1.4820/25 with stops tipped below 1.4800 while on the upside, offers are noted at 1.4940/50 n further out at 1.5000 (some orders are option-related). DCLG house prices are due out at 08:30GMT...