{"id":20131,"date":"2011-03-15T12:30:47","date_gmt":"2011-03-15T16:30:47","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=20131"},"modified":"2011-03-15T12:30:47","modified_gmt":"2011-03-15T16:30:47","slug":"european-wrap-risk-aversion-picks-up-by-fastbroker-research-team","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/03\/15\/european-wrap-risk-aversion-picks-up-by-fastbroker-research-team\/","title":{"rendered":"European Wrap: Risk aversion picks up; By FastBroker Research Team"},"content":{"rendered":"<p><strong>Written by FastBrokers House<\/strong><\/p>\n<p>With the situation at the Fukushima Dai-Ichi nuclear plant having  taken a further turn for the worse, so general risk-aversion has picked  up. European stocks have followed their Asian counterparts trading  sharply lower.<\/p>\n<p>EUR\/USD down at 1.3880 from early 1.3930, having been as low as  1.3852 after stops tripped through 1.3890.\u00a0 The release of weaker than  expected ZEW data (see above) didn\u2019t help matters.<\/p>\n<p>USD\/JPY down at 81.35 from early 81.55. It has to be said that given all that\u2019s been going on it\u2019s been admirably steady.<\/p>\n<p>Buy orders, including Japanese importer interest (especially oil  companies,) noted down at 80.80\/81.20.\u00a0 Sell orders clustered 82.05\/25  and more up at 82.45\/50.\u00a0 Buy stops gathering in 82.50\/60 area.<\/p>\n<p>USD\/CHF down at .9210 from early .9235, EUR\/CHF down at 1.2790 from  around 1.2870. Swiss benefiting for it\u2019s well-documented safe haven  status as risk aversion picks up.\u00a0 Real money was seen aggressively  buying Swissy on the crosses this morning.<\/p>\n<p>AUD\/USD down at .9885 from early .9970 against the backdrop of raised  risked aversion. Model funds very notable sellers right from the get  go.<\/p>\n<p>Cable has given up about a cent. Down at 1.6005 from early 1.6115, having been as low as 1.5980.<\/p>\n<p><span style=\"text-decoration: underline;\"><a href=\"http:\/\/fastbrokers.com\/index.php?9f9043f9\" target=\"_blank\"><strong><em>Market Commentary<\/em> provided by FastBrokers.<\/strong><\/a><\/span><\/p>\n<p><strong>Disclaimer:<\/strong> FastBrokers\u2019 market commentary is                provided for information purposes only and under no  circumstances        should        be regarded neither as an investment  advice nor as a        solicitation    or    an  offer to sell\/buy any  financial  product.       FastBrokers  assumes   no     responsibility  or liability  from  gains or      losses  incurred by the        information herein   contained.<\/p>\n<p><strong>Risk Disclosure:<\/strong> There is a substantial risk of loss         in trading futures and foreign exchange.        Please carefully review     all     risk disclosure documents    before     opening an account as these      financial    instruments are    not     appropriate for all investors.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>With the situation at the Fukushima Dai-Ichi nuclear plant having taken a further turn for the worse, so general risk-aversion has picked up. European stocks have followed their Asian counterparts trading sharply lower.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-20131","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/20131","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=20131"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/20131\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=20131"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=20131"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=20131"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}