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Ranges (Up Till 11.10am HKT) : Currency Currency
Ranges (Up Till 11.10am HKT) : Currency Currency
10am HKT)
Currency
Currency
EURUSD
1.0720-70
EURJPY
132.20-84
USDJPY
123.16-48
EURGBP
0.7126-385
GBPUSD
1.5043-73
USDSGD
1.4209-30
USDCHF
AUDUSD
1.0040-60
0.7016-61
USDTHB
USDKRW
35.805-875
1151.3-1155.4
NZDUSD
0.6505-65
USDTWD
32.592-800
USDCAD
1.3281-1.3310
USDCNH
6.3820-6.3953
AUDNZD
1.0753-95
XAU
1089.6-1093.9
Key Headlines
FX Flows
New Zealand started the week with slight risk off given
the weekend Chinese trade data and Indian PM Modi
losing the regional election in Bihar state. AudUsd ended
NY at 0.7044, opened up at 0.7025 and traded on heavy
side. Our trader observed that there were decent volume
as Australian dollar attempted to take out bids below
0.7020.
Weak opening for Australia S&P/ASX200; following last
Fridays NFP, traders are now discounting RBA rate cut.
Rates are now pointing up, AudUsd returned to 0.7040.
Offers are light at moment; real sellers are mostly
0.7130-40.
At the start UsdJpy was rather cautious moved up
slowly and was challenged by offers at 123.35. But with
Nikkei Index staying strong, took a while for the
interbank traders to chew away offers. I hear more
selling are reported at 123.50, supposedly from Japanese
retail accounts. We should see some fresh buying below
122.90.
EurJpy was bought up and that was the main reason
EurUsd printed 1.0750. Talk of profit taking in low
1.07s. Keep an eye on the political developments in
Finland, Spain and especially, Portugal. Offers are
reported above 1.0765 and 1.0790.
These information have been obtained or derived from sources believed to be reliable, but I make no representation or warranty as to their accuracy or completeness.
Copyright 2013 The Poon Report by Vincent Poon. All rights reserved.
These information have been obtained or derived from sources believed to be reliable, but I make no representation or warranty as to their accuracy or completeness.
Copyright 2013 The Poon Report by Vincent Poon. All rights reserved.
http://www.businesstimes.com.sg/companiesmarkets/maersk-and-cma-cgm-in-talks-withsingapores-nol-over-acquisition
These information have been obtained or derived from sources believed to be reliable, but I make no representation or warranty as to their accuracy or completeness.
Copyright 2013 The Poon Report by Vincent Poon. All rights reserved.