Does anyone else get overviews from their broker? i get 2 a day 8.30am and around 4pm, interesting how they tell you where the buys, stops and offers are.
todays...
Market expectation
The euro extended a rebound, rising against the pound, dollar and yen Wednesday as fears eased that Greece's debt crisis will spread to the rest of the euro zone, dealers said.
Pound extended recovery highs to USD1.5808 but reported stops above USD1.5810 remain intact. If these stops get triggered see opening a move toward USD1.5830/35 ahead of USD1.5850. Rate currently trades around USD1.5800.
EURUSD gets a lift back toward earlier highs at USD1.3782 on reported Asian sovereign buys. Rate currently trades around USD1.3777. Offers noted between USD1.3780/85 ahead of USD1.3800/10.
Traders said the single currency could recover further in the days ahead as speculators appeared eager to cut the large bets against the euro sitting in their portfolios.
European stocks are expected to open in positive territory Wednesday, buoyed by a strong session on Wall Street and a triple-digit gain for the Dow Jones Industrial Average, while the euro continues its recovery as investors' fears regarding Greece subside a tad.
A bit from mondays report..
"
Pound finding support around USD1.5655, with traders noting that the 61.8% retrace of the day's recovery from USD1.5611 to USD1.5723 comes in at USD1.5654. Bids have been reported in place to USD1.5650, a break to allow for a deeper move toward USD1.5637 (76.4%) ahead of USD1.5610/00. Resistance seen placed at USD1.5670/75 ahead of USD1.5700."
Any thoughts?....
Gez
todays...
Market expectation
The euro extended a rebound, rising against the pound, dollar and yen Wednesday as fears eased that Greece's debt crisis will spread to the rest of the euro zone, dealers said.
Pound extended recovery highs to USD1.5808 but reported stops above USD1.5810 remain intact. If these stops get triggered see opening a move toward USD1.5830/35 ahead of USD1.5850. Rate currently trades around USD1.5800.
EURUSD gets a lift back toward earlier highs at USD1.3782 on reported Asian sovereign buys. Rate currently trades around USD1.3777. Offers noted between USD1.3780/85 ahead of USD1.3800/10.
Traders said the single currency could recover further in the days ahead as speculators appeared eager to cut the large bets against the euro sitting in their portfolios.
European stocks are expected to open in positive territory Wednesday, buoyed by a strong session on Wall Street and a triple-digit gain for the Dow Jones Industrial Average, while the euro continues its recovery as investors' fears regarding Greece subside a tad.
A bit from mondays report..
"
Pound finding support around USD1.5655, with traders noting that the 61.8% retrace of the day's recovery from USD1.5611 to USD1.5723 comes in at USD1.5654. Bids have been reported in place to USD1.5650, a break to allow for a deeper move toward USD1.5637 (76.4%) ahead of USD1.5610/00. Resistance seen placed at USD1.5670/75 ahead of USD1.5700."
Any thoughts?....
Gez
Seek not to change the world; seek only to change your mind about the world