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US Session: Orders and Options Watch Print E-mail
Market Overview | Written by ActionForex.com | Mar 06 13 14:19 GMT

US Session: Orders and Options Watch

EUR: The single currency slipped again today after running into standing offers around yesterday’s high of 1.3075, bids at 1.3040 were filled but buy orders are still noted at 1.3010-15, mixtures of bids and stops remain 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. On the upside, offers remain at 1.3075-80, 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.

GBP: The British pound dropped again in London as some traders pre-positioned ahead of BOE tomorrow, bids at 1.5090-00 and 1.5070-75 were filled but demand from short-term specs are still noted at 1.5060, good size buy orders remain at 1.5045-50 and more buy orders are tipped at 1.5000 and 1.4975-80. On the upside, offers are lowered to 1.5105-10 and good size sell orders 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.

CHF: Although offers at 0.9440-50 were filled, selling interests are still lined up from 0.9450 up to 0.9480 (some stops are placed above 0.9465), followed by mixture of offers and stops located at 0.9500-10. On the downside, some bids are raised to 0.9420, 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 edged higher and although offers at 93.50-60 were filled, more sell orders remain at 93.70-75 with some stops placed above 93.80, 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). On the downside, some light bids are tipped at 93.35-40 and decent demand remain at 92.90-00, more buy orders are located at 92.70, followed by larger bids around 92.40-50 and further out at 92.00-10 with sizeable stops building up below figure.

 
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