23 Jul 2009 11:55 GMT
EUR/USD - 1.4213 .. Euro has retreated fm its intra-day high of 1.4267 with traders seen taking profits ahead of U.S. opening. In addition to weekly jobless claims n existing home sales data (to be released at 12:30GMT n 14:00GMT), a number of companies including Microsoft, American Express n Amazon will release financial results. Bids at 1.4200 are in focus with stops placed below sup at 1.4155. Offers are lined up in the region of 1.4280-1.4300 with stops likely to emerge abv there...
23 Jul 2009 11:19 GMT
USD/JPY - 94.36 .. Dlr has risen to as high as 94.55 ahead of U.S. opening on cross selling in yen with various names also seen adding to early eur/jpy long positions. European equity markets have fallen into negative territory due to profit taking n focus will be how the U.S. stock markets open later, as well as the release of weekly U.S. jobless claims (12:30GMT). A batch of offers n stops is tipped at 94.60 while on the downside, bids remain at 93.50/60...
23 Jul 2009 09:44 GMT
EUR/USD - 1.4225 .. Despite the intra-day rise to 1.4267, talk of Asian names selling ahead of 1.4278 (this week's high) n also unwinding of long eur/gbp positions by model funds has put some pressure on the single currency ahead of U.S. opening. Buying interest remains around the 1.4200 lvl with stops building up below y'day's low at 1.4155. Offers (for profit taking purposes) are likely to emerge fm 1.4280 up to 1.4300...
23 Jul 2009 08:37 GMT
GBP/USD - 1.6528 .. U.K. retail sales rose by 1.2% in June, much higher than economists' expectation of 0.4%, while the annual rate was 2.9%, also above the consensus forecast of 2.2%. The data has given a boost to sterling n fresh bids are reported at 1.6440/50, with a mixture of offers n stops likely to emerge near this week's high at 1.6560. European bourses are mixed while Dow futures are currently trading up around 25 points...
23 Jul 2009 05:33 GMT
GBP/USD - 1.6482.. Cable rose in tandem with euro this morning n touched 1.6502 briefly b4 easing as traders are reluctant to build up large positions ahead of U.K. retail sales data (which are to be released at 08:30GMT). Selling interests (some are for profit taking purposes) are seen at 1.6500/05 n 1.6520/30 with mixture of offers n stops located at 1.6550/60, while fresh bids are noted at 1.6450/60 n more around 1.6400.
23 Jul 2009 05:26 GMT
EUR/USD - 1.4247 ... The single currency continued to edge higher fm Asian morning 1.4199 low ahead of European opening on active cross-buying versus yen (eur/jpy rallied fm NY 132.10 low to 134.31) . Bids are now seen at 1.4220/25 n around 1.4200 with some stops placed below y'day's low at 1.4155. On the upside, offers are noted ahead of y'day's 1.4258 high with more scale-up selling (profit taking) fm 1.4270 to 1.4300 as reported earlier.
23 Jul 2009 05:25 GMT
USD/JPY - 94.20... The dlr moved higher to 94.33 in Asia this morning on active cross selling in yen due to improved risk appetite (Asian bourses are trading higher with N225 rose 125 points n HSI jumped 448 points). Stops abv 94.40 are now in focus with more reported at 94.60, however, selling interest (some orders are likely to be fm exporters) are placed ahead of 95.00 lvl. On the downside, fresh bids are building up in the region of 93.90-10 n more at 93.50/60 with stops only emerging below y'day's 93.09 low...
23 Jul 2009 02:08 GMT
GBP/USD - 1.6450.. Cable had another roller-coaster day y'day, having fallen sharply to 1.6311 in London trading after warnings of a slow & weak economic recovery in the U.K. plus a warning report on additional capital requirement for the 2 major U.K. clearers. However, price rebounded strongly on short-covering after release of MPC minutes with a mildly optimistic tone. The pair rallied back to 1.6506 in NY but met good selling interest n retreated to 1.6435 in Asian morning. Hearing 2-way interest with 1.6500 on the upside n 1.6400 down below.
23 Jul 2009 01:59 GMT
EUR/USD - 1.4223.. Although euro rebounded at Asian opening due to intra-day cross buying vs yen as well as initial firmness in Asian stock prices, the single currency is likely to remain range-bound in Asia as the retreat fm 1.4258 suggests further choppy trading below this week's high at 1.4278 wud continue. Bids rest near 1.4200 n more abv y'day's low at 1.4155 but selling interest is reported at 1.4250/55 n more scale-up selling (profit taking) fm 1.4270 to 1.4300.
23 Jul 2009 01:55 GMT
USD/JPY - 93.97 .. The pair rebounded at Asian opening after early retreat fm 93.88 to 93.45 in NY session, talk of buying by Japanese banks, partly linked to cross-selling in yen has pushed dlr higher. Range-trading with near term upside bias is seen with offers reported at 94.00/10 n stops abv 94.40. On the downside, bids are touted near 93.50 n more abv y'day's low at 93.09.
22 Jul 2009 16:46 GMT
Usd/maj. - Fed Chairman Ben Bernanke told U.S. Senate Banking committee that unemployment is the most pressing n serious issue that the U.S. economy is facing. The greenback weakened against European currencies as European n U.S. stock markets remain in the positive territories.
22 Jul 2009 15:19 GMT
Eur/usd - 1.4214 ... Despite euro's brief drop to 1.4155, the single currency rebounded strongly as European n U.S. equities pared early losses n turned positive. Bids are noted at 1.4180 n 1.4155/60 with stops seen below 1.4150 but more demand fm sovereign names is located at 1.4115/20 n 1.4100. On the upside, offers are tipped at 1.4230, 1.4260 n 1.4275/80 with stops building up abv 1.4300.
22 Jul 2009 13:08 GMT
Usd/jpy - 93.45 ... The greenback weakened to as low as 93.09 on active cross buying in jpy due to the retreat in global stock markets (European equities fell by around 0.5% n Dow Jones index futures dropped by 51 points to 8836). On the upside, offers are located at 93.60 n 93.80 with stops seen abv 94.00. On the downside, bids remain at 93.05/10 with stops seen below 93.00.
22 Jul 2009 11:09 GMT
Gbp/usd - 1.6410 ... U.K. CBI factory orders came in weaker than expected. The order book balance fell to -59 (forecast was -45) in July fm -51 in June. However, the British pound continued to edge higher on short covering together with cross unwinding in sterling (eur/gbp retreated fm 0.8692 to 0.8950) after the release of the weak U.K. economic data. Some stops are reported abv 1.6420 but selling interest by European names are tipped at 1.6450/60 n further out at 1.6490/95. On the downside, bids are noted at 1.6345/50 n 1.6320/25 with stops seen below 1.6300.
22 Jul 2009 09:21 GMT
Eur/usd - 1.4186 ... Euro traded narrowly in European session despite the release of weaker-than-expected eurozone industrial orders which decreased by 0.2% m/m n 30.1% y/y versus economists' forecast of 1.9% m/m increase n 28.0% drop. Talk of sizeable option (total 1 billion euros) with strike price at 1.4200 will expire today. Defensive offers are lined fm 1.4190 to 1.4210 with stops seen abv 1.4230/35. On the downside, some bids are located at 1.4165 n 1.4145/50.
22 Jul 2009 08:31 GMT
Gbp/usd - 1.0663 ... The British pound bounced briefly fm 1.6311 to around 1.6385 after the release of BOE Minutes. All nine Bank of England policymakers voted this month to maintain the 125 billion pound asset-buying total n keep interest rates at 0.5% n said August would be a better time to see if policy needed to change. The MPC said the fall in GDP in Q2, data are due on Friday, would probably be smaller than it had thought two months ago n survey also suggested that there was more momentum going into the second half of the year. However, renewed selling interest by European names at 1.6380/85 capped cable's upside somewhat n more offers are noted at 1.6400 with some stops seen abv there. On the downside, bids are located at 1.6330/40 n 1.6310/15 with sizeable stops below 1.6300.
22 Jul 2009 07:54 GMT
Usd/jpy - 93.56 ... The greenback traded narrowly after y'day's selloff to 93.27 on easing inflation expectations due to Bernanke's comments. Further sideways trading inside near term established range of 93.27-93.82 is likely as traders are focusing on the development in global stock markets (European equities dropped by less than 0.5% whilst Dow Jones index futures weakened by 50 points to 8,836). Offers are tipped at 93.80/85 whilst bids are located at 93.30/40 with stops building up below 93.00.
22 Jul 2009 05:17 GMT
GBP/USD - 1.6404 .. Cable remained under pressure in Asia this morning after BOE Deputy Governor Charles Bean's comments (as reported earlier) n partly due to cross-selling in sterling (eur/gbp rose fm o/n NY low at 0.8434 to 0.8657 while gbp/jpy dropped fm 154.15 to 153.19). There is also some focus on the Daily Telegraph article in which JP Morgan says that U.K. banks may need more capital. Stops have been placed below y'day's low at 1.6383 while on the upside, offers remain at 1.6470/75 with stops building up abv 1.6500.
22 Jul 2009 05:10 GMT
EUR/USD - 1.4192 .. The single currency remained sidelined ahead of European opening due to thin-market conditions, however, some bids are now building up in the region of 1.4160-1.4180 with more noted at 1.4150 down to 1.4120 as financial bookmakers expect the European stock markets to open slightly higher (FTSE by 0.1 percent n DAX by 0.3 percent). On the upside, offers are reported at 1.4240/50 with stops placed abv y'day's 1.4278 high...
22 Jul 2009 05:03 GMT
USD/JPY - 93.70 .. Although dlr edged lower to 93.40 in Asia morning, the pair staged a bounce after in part due to Bank of Japan Deputy Governor Hirohide Yamaguchi's comments. He said that it was unclear whether corporate funding conditions would keep improving but that the risk of the country entering a deflationary spiral was small. Cross-related buying interest is seen at 93.40/50 with bids (for profit-taking purposes) placed in the region of 93.00-20 as reported earlier. On the upside, offers fm exporters n model funds remain at 94.00 n also around 94.50.
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