From the FXWW Chatroom: Believed to be the work of Japanese retail sector, EurJpy got a lift before traders got in. The cross advanced to 133.38 and took UsdJpy above 113.00 but ran into some resistance. EurJpy needs to break 133.50 while UsdJpy has to clear some thick offers in the 113.30’s. EurJpy stayed bid, EurUsd took out some very weak stops above 1.1810, UsdJpy has backed off to low 112.90’s.
Australia’s Sept labour report exceed expectations – gave AudUsd a boost to 0.7872. But traders are cautious ahead of New Zealand coalition results. Gamma play is said to dominate topside in Aud, 0.7895-0.7905. We tried topside twice past week and failed. Usd got a small boost and AudUsd drifted to 0.7850.
Stop loss orders triggered in both EurUsd and GbpUsd, above 1.1810 and 1.3220. Some guys will be watching 1.1822 in EurUsd, the 61.8% Fibonacci retracement. Not a lot in options space, there is a Eur1.4bn strike at 1.1800 maturing tomorrow New York cut.
Australia’s Sept labour report exceed expectations – gave AudUsd a boost to 0.7872. But traders are cautious ahead of New Zealand coalition results. Gamma play is said to dominate topside in Aud, 0.7895-0.7905. We tried topside twice past week and failed. Usd got a small boost and AudUsd drifted to 0.7850.
Stop loss orders triggered in both EurUsd and GbpUsd, above 1.1810 and 1.3220. Some guys will be watching 1.1822 in EurUsd, the 61.8% Fibonacci retracement. Not a lot in options space, there is a Eur1.4bn strike at 1.1800 maturing tomorrow New York cut.