None of the bigger players seem to have the appetite to play with the market in the twilight zone and there are obviously no big stops close to the money which all leads to a very quiet morning. EUR/USD is happy between 1.3830/40, cable 1.6390-00, USD/JPY 96.35/45 and AUD/USD 25 choice.
Majors stagnating in 10 pip ranges
Source: www.forexlive.com
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EUR/USD stalls ahead of 1.3900 again
Twice during the US session prices have stalled ahead of the 1.3900 level. Reports have circulated that a US investment bank that was a major buyer at higher levels last week is offloading longs on strength today. They’ve also bought 1.3800, 1.3600 and 1.3400 puts, expiring tomorrow, next...
EUR/USD ticking higher; ACB buying noted
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India's forex reserves jumps to USD 262.306 billion | Forex ...
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EUR/USD drifts off lows; Canadian comments leave a mark
It is rare that this Canadian prime minister takes a shot at his neighbor to the south but mild-mannered PM Harper called US deficits “Long-term, structural and dangerous” a short while ago. That’s gonna stick. It has the same rhythm as timely, targeted and temporary and safe,...
Cable ticking higher again
Cable is moving higher again, presently at 1.6585. Would suspect some sell orders at 1.6590/00 with maybe some buy stops parked just above 1.6600, but unfortunately have no confirmation of either. We’ll see pretty soon I guess. Technical resistances 1.6590/00, 1.6630/35 and...