Jeff_Jeff_ , FX Trader, Saxo Bank
Singapore, 20 July 2012 at 02:43 GMT+0
Recommended Recommend Unrecommend Recommend
Morning everybody.

Asia definately has a Friday feel to it her ein Club Tropicana this morning with everything nearly unchanged on the majors from yesterday.

Today was a Gotobi day and also some Toshin launches today. Usdjpy was bid into the Tokyo fix but is slowly but surely drifting back lower now. Offers into 78.80/79.00 dominate.

Eurusd trading with a heavy tone this mornign as eurxxx all get marked lower. The street has a lot of offers into the 1.2300 area with bids 1.2200 and then a definate tilt to stop loss bias below.

The audusd on the other hand is trading with a bid tone along with the flightless bird. Plenty of real money interest to buy 1.0380/1.0400 area ditto under 0.8000 so I geuss we wont be seeing to much correction higher in euraud and eurnzd in Asia.

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Saxo Bank provides an execution-only service. The material on this website does not contain (and should not be construed as containing) investment advice or an investment recommendation, or a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. Saxo Bank accepts no responsibility for any use that may be made of these comments and for any consequences that result.

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