to keep the equity markets afloat at these ridiculous levels - then $yen is going to have to go to 103.80/104 level tomorrow
I just can't see how they can be constantly supported up here without some movement to back them up.
Syd sf 11:19:28 GMT - 03/11/2014
my bot wants to buy back euryen ard 70-75 - audyen total failure to move down so will cover both at same time...... if we form a nice euryen base today - we can test 144.00 tomorrow.
probably go long nzdyen as well.
crude should drop but if it does an audyen and go sideways - well thats the zero sum aspect of trading for you.
bali sja 11:10:47 GMT - 03/11/2014
agree red, buying zone for euro is approaching, get ready to buy gentlemen
london red 10:11:18 GMT - 03/11/2014
meanwhile, euro pressured through friday low, next support at 13825/30 followed by the figure, then 13786. Below 13775 looking at sharp falls but chances are slim given market positioning which is at best neutral/slight short bias.
Cable on the otherhand is widely held but today is benefiting from an overbought eurgbp, so support of 16605, 16590 support lead to a bounce. nees to overcome 16650 to stabilise.
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