{"id":20370,"date":"2011-03-28T11:07:32","date_gmt":"2011-03-28T15:07:32","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=20370"},"modified":"2011-03-28T11:07:32","modified_gmt":"2011-03-28T15:07:32","slug":"asian-market-wrap-by-fastbroker-research-team","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/03\/28\/asian-market-wrap-by-fastbroker-research-team\/","title":{"rendered":"Asian market wrap; By FastBroker Research Team"},"content":{"rendered":"<p>Written by FastBrokers House<br \/>\n<em>2011-03-28 00:00<\/em><\/p>\n<p>EUR\/USD  opened lower in Asia after closing in NY at 1.4080 on Friday. The heavy  losses suffered by Angela Merkel in German regional elections were the  main reason. Heavy stops were triggered below 1.4050 but strong bids  emerged starting at 1.4020 and they stalled bearish momentum. Ranges:  EUR\/USD 1.4019\/69, EUR\/CHF 1.2912\/54<\/p>\n<p>USD\/JPY has ground its way higher throughout the day as the bulls  have been heartened by reports that Kampo has been consistently buying  during last week and also that the offers near 82.00 are much smaller  than they were on the intervention day. Ranges: 81.33\/78, EUR\/JPY  114.19\/94<\/p>\n<p>The AUD has maintained the strength shown last week with option  buyers now joining in on the M&amp;A flows. Barrier options at 1.0300  are stalling for now but bullish momentum remains strong. Ranges:  1.0232\/66<\/p>\n<p>Cable also opened lower after the London riots and the Posen comments  also added to bearish sentiment. It was unable to break below strong  bids near 1.6000 but the much deeper European market is likely to test  it again. Ranges: Cable 1.5998\/1.6020, EUR\/GBP .8758\/85<\/p>\n<p><span style=\"text-decoration: underline;\"><a href=\"..\/..\/FastBrokers\/\" target=\"_blank\"><em><strong>Market Commentary<\/strong><\/em> provided by <strong>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>EUR\/USD opened lower in Asia after closing in NY at 1.4080 on Friday. The heavy losses suffered by Angela Merkel in German regional elections were the main reason. Heavy stops were triggered below 1.4050 but strong bids emerged starting at 1.4020 and they stalled bearish momentum.<\/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-20370","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/20370","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=20370"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/20370\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=20370"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=20370"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=20370"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}