{"id":20396,"date":"2011-03-29T12:40:31","date_gmt":"2011-03-29T16:40:31","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=20396"},"modified":"2011-03-29T12:40:31","modified_gmt":"2011-03-29T16:40:31","slug":"european-wrap-lotta-huffing-and-puffing-little-change-by-fastbroker-research-team","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/03\/29\/european-wrap-lotta-huffing-and-puffing-little-change-by-fastbroker-research-team\/","title":{"rendered":"European Wrap; Lotta huffing and puffing, little change ;By FastBroker Research Team"},"content":{"rendered":"<p><strong>Written by FastBrokers House<\/strong><em><br \/>\n<\/em><\/p>\n<p>Well there\u2019s been alot of huffing and puffing, but when all said and done not a great deal of net change on the majors.<\/p>\n<p>EUR\/USD very marginally firmer. Up at 1.4107 from early 1.4090, but  someway off session high 1.4149.\u00a0 The euro bulls were pretty much in  command early, triggering stops through 1.4125.\u00a0 We\u2019d already topped out  though (with India notable seller around highs) when Fed\u2019s Bullard  stuck a dagger in the euro bulls\u2019 backs with another dose of hawkish  monetary rhetoric (see above)<\/p>\n<p>Talk sell orders 1.4145\/55, said to include Chinese interest.\u00a0 Buy  stops through 1.4160. Talk of large hedge fund sell order up\u00a0at  1.4170\/75.\u00a0 Buy orders clustered\u00a01.4050\/60 and more 1.4000\/20.\u00a0 Stops  below there and more through 1.3980.<\/p>\n<p>USD\/JPY up at 81.95 from early 81.70.\u00a0 Pairing garnering some underpinning from firm US treasury yields.<\/p>\n<p>Sell stops through 81.50.\u00a0 On topside, sell orders 82.00\/20, buy  stops through 82.30.\u00a0 Then reports\u00a0 of China on the offer around 82.50.<\/p>\n<p>AUD\/USD down at 1.0235 from early 1.0250.\u00a0 Rallied initially, but ran  into decent seling from Asian central bank around the 1.0271 session  high.\u00a0 Fairly decent sell orders said to be lined up at 1.0300\/20.\u00a0\u00a0  Also talk of 1.0350 barrier interest.<\/p>\n<p>Cable unchanged on day at 1.6015, to the pip where it was when I  started.\u00a0 Pairing tried to rally, aided by buying from Reserve Bank of  India in 1.6020\u2019s, but Bullards\u2019 comments put paid to that extending  very far for now.\u00a0 We got to 1.6042 before heading south again.<\/p>\n<p>Cable has seen a small rally late in the session taking it back above  1.6000 again. EUR\/GBP may hold the key to further cable moves with  solid selling seen around .8820 but stops lurking not far above there.  Ranges: Cable 1.5974\/1.6015, EUR\/GBP .8799\/.8811.<\/p>\n<p><strong><a href=\"http:\/\/fastbrokers.com\/index.php?9f9043f9\" target=\"_blank\"><em>Market Commentary<\/em> provided by FastBrokers.<\/a><\/strong><\/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>Well there\u2019s been alot of huffing and puffing, but when all said and done not a great deal of net change on the majors. EUR\/USD very marginally firmer. Up at 1.4107 from early 1.4090, but someway off session high 1.4149.  The euro bulls were pretty much in command early, triggering stops through 1.4125.  We\u2019d already topped out though<\/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-20396","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/20396","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=20396"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/20396\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=20396"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=20396"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=20396"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}