US Session: Orders and Options Watch
EUR: The single currency continued to head south throughout the day on active selling by semi-official names and bids at 1.3145-50 were filled, however, more demand from Middle East names are still noted at 1.3100-10 with bigger stops orders remain below 1.3090 and further out at 1.3050, followed by mixture of bids and stops at 1.3030-35. On the upside, offers are lowered to 1.3170-80 and also at 1.3200-10 with stops building up above 1.3215-20, more buy stop orders are placed above 1.3260 and 1.3280.
GBP: Although the British pound rebounded from intra-day low of 1.5909 on buying by model funds, selling interests quickly emerged around 1.5965-70 and cable has retreated again, mixture of bids and stops at 1.5900-10 is now in focus, more buying interests are located at 1.5880 with bigger stops placed below 1.5870 and 1.5850. On the upside, offers from UK clearer remain at 1.5965-70 and also at 1.5985-90 with stops building up above 1.6000 level.
CHF: The greenback picked up pace in European session and has just rallied in New York morning in part due to the release of slightly higher-than-expected U.S. core inflation data and offers at 0.9145-50 were filled, however, sell orders are still noted at 0.9185-95 and also at 0.9210-20 with stops remain above 0.9225-35, mixture of offers and stops remain at 0.9250-60. On the downside, bids are raised to 0.9125-30 and buying interests from Swiss names remain at 0.9090 with stops building up below there and 0.9070.
JPY: Dollar has remained confined within 80.74-81.20 range and further sideways trading is in store with offers from exporters remain at 81.20-30 and 0.8150, followed by mixture of offers and stops at 81.90-00. On the downside, fair size bids are reported at 80.75-80 and more buying interests in good size remain at 80.50-60 with stops building up below option barrier at 80.50, followed by more bids from Japanese investors at 80.20-30 and just above next barrier at 80.00.