FXWW Chatroom Update

Prop guys are looking to sell Aud near 0.7470-80 and stops at 0.7510. RBA watcher David Bassanese put out a piece today and continue to hold to his view that Aud needs to drop to 0.65 and will head to 0.68 end 2015. 

Euro ended NY at 1.0938 and climbed to 1.0961 before reversing back to 1.0924. There was touch of EurJpy selling that helped prevent Euro stoploss trigger above 1.0975. Into late morning, on Stevens’ remark on rate cut, AudUsd dragged NzdUsd and forced stops in EurNzd above 1.6535. Keep an eye on the Greek parliament vote today. Reform plans sent in excluded tax on farmers. 

EurJpy sold by Japanese exporters post-Tokyo fixing; cross got down to 135.15 from 135.45. That took UsdJpy to 123.615 where I heard very good buying scattered 123.50-60. With Nikkei in red, think pressure will stay on UsdJpy. Read more in the FXWW Chatroom with a free trial.

Leave a Reply

Your email address will not be published. Required fields are marked *