Stocks and Dollars

Cable is continuing to trade above 1.5400 and is inching up higher slowly. This has eased the downside pressure a bit. But we need to see whether it can sustain higher in the US session as well. As mentioned in our Morning comments, we will stay out of the market

EURJPY-With the cross taking its support at its Dec 15′2011 low at 101.02 and another key support located at the 100.75 level, representing its Oct’2011 low, risk of continued bearishness is likely. In such a case, the 100.00/99.87 levels, its psycho level/July’2010 lows will be targeted with a violation of

EURJPY-With the cross taking its support at its Dec 15′2011 low at 101.02 and another key support located at the 100.75 level, representing its Oct’2011 low, risk of continued bearishness is likely. In such a case, the 100.00/99.87 levels, its psycho level/July’2010 lows will be targeted with a violation of

EURJPY-With the cross taking its support at its Dec 15′2011 low at 101.02 and another key support located at the 100.75 level, representing its Oct’2011 low, risk of continued bearishness is likely. In such a case, the 100.00/99.87 levels, its psycho level/July’2010 lows will be targeted with a violation of

Today’s calendar is not particularly full but is the last trading day in an eventful 2011. The latter combined with very thin markets may result in some movements, but the trading session in Asia (night/morning) has so far been very calm focus on fixings at 2.15 p.m. and 5.00

On Thursday Pound/Dollar continued decreasing with 115 pips. The Cable depreciated from 1.5476 to 1.5360 yesterday, in line with the negative Interbank sentiment at almost -1%, closing the day at 1.5413. Today the British Pound is trading hesitantly, but within yesterday’s range for the time being. On the 1 hour

Today’s calendar is not particularly full but is the last trading day in an eventful 2011. The latter combined with very thin markets may result in some movements, but the trading session in Asia (night/morning) has so far been very calm focus on fixings at 2.15 p.m. and 5.00

Today’s calendar is not particularly full but is the last trading day in an eventful 2011. The latter combined with very thin markets may result in some movements, but the trading session in Asia (night/morning) has so far been very calm focus on fixings at 2.15 p.m. and 5.00