{"id":20167,"date":"2011-03-16T12:06:49","date_gmt":"2011-03-16T16:06:49","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=20167"},"modified":"2011-03-16T12:06:49","modified_gmt":"2011-03-16T16:06:49","slug":"european-wrap-euro-sees-some-general-weakness-nothing-too-major-by-fastbroker-research-team","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/03\/16\/european-wrap-euro-sees-some-general-weakness-nothing-too-major-by-fastbroker-research-team\/","title":{"rendered":"European Wrap: Euro sees some general weakness, nothing too major; By FastBroker Research Team"},"content":{"rendered":"<p><strong>Written by FastBrokers House<\/strong><\/p>\n<p>Euro has seen some general slippage this morning, albeit nothing too major.<\/p>\n<p>EUR\/USD down at 1.3945 from early 1.3975 having been as low as  1.3924.\u00a0 The pairing attempted to rally early but ran into decent  selling from a \u201cAAA name\u201d ahead of 1.4000.\u00a0 Never did get the name of  the entity, but was either a sovereign or well known Dutch bank. From  there it\u2019s been a slow slide lower. The comment from German coalition  sources re Greek debt\u00a0(see above) got some attention and helped weigh on  the pairing.<\/p>\n<p>USD\/JPY down at 80.65 from early 80.90, having been as low as 80.63.\u00a0  Model funds notable sellers early pressuring the pairing.\u00a0 But US  investment bank (who doesn\u2019t do God\u2019s work)\u00a0 bought decent amount around  the lows.\u00a0 Didn\u2019t manage to lift the pairing but at least lent it some  much-needed support.<\/p>\n<p>USD\/CHF effectively unchanged at 9165 from early 9170.\u00a0 Sovereign  sold above 9180 helping ensure topside limited.\u00a0 EUR\/CHF down at 1.2775  from early 1.2820.\u00a0 Hardly a major surprise given the huge uncertainty  still surrounding the Japanese nuclear power plant situation and the  MENA\u00a0 (Middle East\/North Africa) tensions which seem to grow daily.<\/p>\n<p>Cable sits at 1.6070, effectively unchanged on the day, early rally floundering at 1.6131.<\/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 <a title=\"foreign exchange\" href=\"..\/..\/\">f<\/a>oreign 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>EUR\/USD down at 1.3945 from early 1.3975 having been as low as 1.3924.  The pairing attempted to rally early but ran into decent selling from a \u201cAAA name\u201d ahead of 1.4000.  Never did get the name of the entity, but was either a sovereign or well known Dutch bank.<\/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-20167","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/20167","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=20167"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/20167\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=20167"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=20167"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=20167"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}