I decided to start my own thread ... sharing FX info, Market talk, Rumours, Market flow, and Orders etc
Currency pair mentioned by me will be in interbank old fashson ...
Sp Yen means Spot USD/JPY
FOMC meeting tonight
The Fed will have rate discussion tonight. Even a 50 bp rate cut would not help the Insurance co.
If FED hold the rate and keeping interest rate differential of USD n other ccy, falling equities and falling oil are both suportive for the USD.
CNBC "New York Fed Meeting Now to Discuss Fate of AIG. A Government Bailout is Back on the Table " it boost the sp yen 104.30 level up above 105, other xx/yen followed upward as well.
heard US bank bot gbpyen n euryen last few hrs....more than 900 mio
sp yen up from 104.85 suddenly to 105.35
react to news that ...
Fed Said to Reverse Stance, Consider a Loan Package for AIG
By Erik Holm
Sept. 16 (Bloomberg) -- The Federal Reserve is considering extending a ``loan package'' to AIG the insurer facing a cash shortage, according to a person familiar with the negotiations.
The stance by federal regulators is a reversal from a position they held as late as last night, and people with knowledge of the talks are ``cautiously optimistic,'' said the person, who declined to be identified because negotiations are confidential.
The person gave no timetable for reaching an agreement or estimate on how much money New York-based AIG would need.
Jap I bank bot several round of euryen up to 149.20 but cannot sustain any longer...poor boy...it hitted 148.00 s/l
seeing audyen huge amount deleverage or repat...pushing it all the way down from 86 to 82
The Stg yen tested 187.30 level from the early Austriaian mkt to ldn n US, there must be some buyer.
My frn's frn in South African Bk long XAU ...looking for 880
anyway, he s bull s---ing all day, with the 770-780 long position.
A bit busy earlier...
US guy told me earlier that they bot 1 bio eurgbp but was sold down 100 pips... no idea who s selling
as Eur touched 1.41 n turn up...rushed in to buy stg n stg yen....
the dollar may have expansionary fiscal policy as well as repatriations on EM positions held by US institutional investors...
This repatriations is not what I mentioned about Aud/yen n those carry, that repatriation should be from Jap guys, September is mid financial year for Japanese,
Very busy as the line of US name now under closely watched, actually have to seek for approval b4 doing anything with them...
I always hate this kida situation
with 1.8130 broken, gap shud be filled till 1.8200
waiting is terrible
anyway if 1.81 given shud square long
I can vaguely remember tht the stg closed at 1.8240 on Friday b4 gap openning in Sydney 1.8130
Great thread! Appreciate your efforts Renashunter, keep it up! Will be looking closely at your thread.
Buy GBP around 1.8135
think gap will keeping stg
with stop at 1.8080
Eur/Gbp come back
seems something wrong with cross...
I pulled out and square Gbp position at 1.8190... no more range trading 1.8130-1.8240
Would cautious if broken 1.8090 or 1.8260!
time to layback
middle of nowhere
but prefer long usd yen 104.65
How's your long doing ?
the usdyen seems only follow the Dow Jones
when it turned from + to -...went down to 104.00
I wanted to wait a sec...then Dow turn up.....even at par n sp yen 104.50
it turned again...then I chopped
heard 1.4350 Eur buying order only, nothingelse
Aud buying is linked to large Gbp/Aud
1.8440, n 0.8440 now
seems market still sell usd
After 1.4550 s/l triggered, 1.4650 taken
small amt sell Eur at fixing
In that case the next G7 meeting on October 10-11 becomes key. Co-ordinated intervention is more likely now if the USD plunges as the next move in ECB interest rates is likely to be down. Thus G7 action on the USD would be in line with monetary policy changes
EUR Look for test of 1.4696 near-term. A break would trigger fresh gains towards 1.4727
GBP Today's break of 1.8401 signals corrective bounce taking hold, with cable poised to retest 1.8590. A move beyond 1.8590 would confirm bullish resumption. Near term support 1.8265.
USDCHF Abrupt setback from 1.1280 pressures 1.0907, but only move below 1.0844 would threaten the broader bull...swiss guy still bull on this pair
JPY I hate this pair
Us guys fiinished their 2 hr buyng, 0.8
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