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Bank Recomendations
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Bank Recomendations
Thu, Oct 30 2008, 08:30 GMT
by Benny Menashe
1.2850 remains intact for the moment, with 1.2847 touted as the latest highs. However, spot has pulled back into the high- 1.27s as a quick bout of macro selling impacts.
[09:12 GMT October 29] [EUR/USD]
Eastern European flows have been seen on both sides but official sellers ahead of the 1.28s are now attempting to keep a lid on the rally.
Should EUR/USD manage to break back into the 1.28s then the 1.2840/50 sell-zone will come back into view, while on the downside dips into the high-1.26s are still said to offer value.
[08:18 GMT October 29] [GBP/USD]
has elicited support ahead of 1.5960 after tumbling from an early Europe five-day high of 1.6220. Buy stops above 1.5960 were tripped early in today"s Asian session.
[08:16 GMT October 29] [EUR/GBP]
Sell interest might emerge around 0.7958 (yesterday"s late European morning low).
[08:01 GMT October 29] [EUR/CHF]
Dropped back to 1.4600 as USD/CHF dips to 1.1435 into the European return.
[08:01 GMT October 29] [EUR/USD]
Dips into the 1.26s seen offering value. Liquidity remains a concern with some even suggesting a massive 1.26/28 band could be the latest comfort-zone.
[05:14 GMT Oct 29th] [USD/JPY]
charges higher early with stops above 99.00 and 99.50 taken out early on way to the 99.70 level. Sell-off ensues with Japanese exporters, toshin and intra-day players good sellers. Talk of more toshin redemptions tomorrow. Standing offers still ahead of 100.00. Talk of large option expiries in the 97.00-98.00 window also seen behind some of the sales with a large Japanese investment bank selling on account of these. (hi)
[05:11 GMT Oct 29th] [EUR/JPY]
, other JPY crosses trade lower after early surge. Japanese exporters toshin and intra-day players among sellers into strength. (hi)
[05:09 GMT Oct 29th] [EUR/USD]
stops tripped on early surge through 1.2560, 1.2685, 1.2700 and then 1.2800. Some buying interest noted on return to the 1.2700 area later. (hi)
Published on Thu, Oct 30 2008, 08:55 GMT
Archive
- Near-term positive above $1.6266, focus remains on renewed gains
Published On Mon, Aug 3 2009, 10:45 GMT - We cannot rule out a return to 93.55/93.85 yen, or at most to the 94.65/90 resistance area
Published On Mon, Jul 13 2009, 12:49 GMT - Looking for direction while trading above an increasingly large, upward-sloping Ichimoku 'cloud'
Published On Tue, Jul 7 2009, 08:40 GMT - The up-thrust top should within a few sessions start to deliver further downside pressure
Published On Thu, Jul 2 2009, 10:46 GMT - Consolidating in a 'triangle/pennant' formation at the lower edge of a large Ichimoku 'cloud'
Published On Mon, Jun 29 2009, 10:40 GMT
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