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European Session: Orders and Options Watch Print E-mail
Market Overview | Written by ActionForex.com | Mar 06 13 08:20 GMT

European Session: Orders and Options Watch

EUR: Although the single currency rebounded in late New York, heavy offers are still noted around yesterday’s high of 1.3075, followed by mixture of offers and stops at 1.3095-00 with stops building up above 1.3105, more stops are placed at 1.3130 but fresh offers should emerge around 1.3140-50. On the downside, bids are raised to 1.3040 and also at 1.3010-15, mixtures of bids and stops are located at 1.2980-85 and 1.2955-65 with more stops placed below barrier at 1.2950, more buying interests should emerge around 1.2920-25 and above 1.2900 barrier. Option expires today include 1.3000, 1.3150 and 1.3200 (all NY cut).

GBP: The British pound rebounded from yesterday’s low of 1.5094 in New York but ran into offers at 1.5156 this morning and has retreated in London morning as traders squared their longs ahead of King’s speech later today. At the moment, offers in good size remain at 1.5150-60 with some stops placed above there, more stops are reported at 1.5180 and 1.5200 but sell orders are still noted from 1.5200 up to 1.5220, more selling interests should emerge around 1.5250. On the downside, bids are reported at 1.5090-00, demand from short-term specs are tipped at 1.5070-75, good size buy orders remain at 1.5045-50 and more buy orders are tipped at 1.5000 and 1.4975-80.

CHF: The greenback continued to find good support just above 0.9400 and has rebounded in European morning, however, offers are still noted at 0.9440-50 and more sell orders are expected at 0.9470-80, followed by mixture of offers and stops located at 0.9500-10. On the downside, mixture of bids and stops is located at 0.9390-00, more buying interests are tipped from 0.9380 down to 0.9360 with stops building up below 0.9350, 0.9330 as well as 0.9315-20.

JPY: Dollar also rebounded from 93.00 formed earlier in Tokyo and further range trading is in store. At the moment, buy orders are still noted at 92.90-00 and 92.70, followed by larger bids around 92.40-50 and further out at 92.00-10 with sizeable stops building up below figure. On the upside, good size sell orders are lined up at 93.50-60 and more sell orders remain at 93.70-75 with some stops placed above 93.80, more selling interests are reported at 94.00-10 with stops placed above there, sizeable sell orders are expected around 94.50 and also in good size at 94.75-80 (option related), more stops are placed above 94.80 and 95.00 (huge).

 
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