Eur/usd

[torero]

I'm always game when it comes to forex observations and commentaries, especially when they're not much company during London session so I don't expected the low head count. Plus Thanksgiving weekend don't expect much activity here (I don't celebrate it anymore since no one does in Europe does).

Yeah, it wasn't that hard since most Yen-related pairs wanted knocking to make new lows. That trade's been easier than others I've traded lately.

[Anna-Maria]

160.5 remains your range defense on EURJPY Andre

Key Jap data hits the tape tomorrow/Thursday. BoJ clearing their throats if ($-yen) 109.0 turns out to be a ceiling.

View from the cheap seats? Same 109.0 influences GBPJPY 225.5/EURJPY 162.5 upside.

Thoughts people??

[Art Krantz]

Strong Yen backing off (up to) your 109 interests me, down to the uncomfortable BoJ zone of 105-106.5. Definitely interests big money specs too.

Between 109-111.50 is your (jobbers) market. That channel puts me on the sidelines.

Watching AUDCAD @ .8750 (lighten longs) & 8875.
GBPCHF paid the piper off Andre’s ceiling (2.2970), now flat again.

EURO still a strong hold & good buy off your .4770 upper tier. Nice s&r call

Cable as you mentioned last week - strong buy back to initial supports .0450-60

Xmas volumes on the "to do" list.

[torero]

I'm watching the failure on this one (or not so failure). I'm not seeing clearly on other pairs, too fuzzy for me.

[milliard]

A light (Monday) calendar kicks off the week. Thin holiday trade/order flows requires recalibrating from the holiday volatility. Most popular pairs are continuing to trade inside their Tokyo ranges.

Watch the equity markets closely this week for clues to the high yielders. Weak equities = high yielder sales.

Tip:

Also keep tabs on the Institutional Moving Averages as they come into view on the Dailies. Clever desks are still monitoring this traffic.

200/100/50 simple moving average/daily timeframe, marrying horizontal s&r zones = increased awareness in lieu of stops/re-positioning.

[torero]

Yeah, it was a range play this morning. I didn't see anything interesting. Hoping this afternoon or Tokyo opening would bring some more volume in.

[milliard]

It'll pick up as we grind through today torero. Medium term (long) positions are safe on Euro, Cable is being traded in sympathy. Players need to see the color of the chatter/credit crunch bullshit etc. Plus, a decent view of the equity markets for a little "finger in the air" guidance.

The buck remains billy-no-mates, so the short-term (fast money) specs are still hovering ready to whack it.

Decent data on the roll call this week should set things up for another crack at the highs on the Europeans.

Eurozone head honcho's (Wellink, Lorenzo Bini Smaghi) & Sarkozy have been nattering to the wires again today, attempting to throw an amber light to the markets re: 1.50-55.

Things are becoming nervy & tetchy out there.....wonderful opportunities for fast 2 way business at the psychological levels!!

Watch & listen for an uptick in ECB chatter/vocals as prices nudge key zones. Same with Fukui/BoJ.

[torero]

Thanks for the heads up. It did pick up afternoon didn't it. Yesterday was a monster rally for the Yen. Who would have thought it would go out the gate running.