Featured \Nick Nasad \ 4:57 PM EST \ June 14th, 2010
Overnight the risk rally from last week was extended as we had stronger than expected industrial production data from the Euro-zone and quarterly manufacturing report from Japan. The Euro, Pound and commodity currencies rallied against the Dollar, our so called “risk-on” trades. However, in late NY trading Moody’s downgraded Greece which cut gains in US stocks and in oil prices which pressured the Canadian Dollar and the US Dollar against the Yen.
toddgordonaspen: Just saw Eli walking his dog outside our building again. For the most popular dude in the western world he's hanging around a lot today 51 minutes ago from Twitter for iPhone
DRodriguezFX: Holy EURUSD sell-off and pullback. Dislike these hours for a reason; price can spike and pull back at a moment's notice. 1 hour ago from TweetDeck
JohnKicklighter: $EURUSD comes close to sliding back below 1.3200, but same lack of commitment as to the tentative Troika accord details leaded earlier. 1 hour ago from TweetDeck
DRodriguezFX: Talking EURCHF long entries w @robbooker. We're both staggering long entries above 1.20. I like 1.2050 personally; he's looking at 1.2025. 1 hour ago from TweetDeck
DRodriguezFX: @robbooker last time I staggered limit entries every 15 pips below 1.2075. I'm thinking similar but starting below 1.2050 this time. 2 hours ago from TweetDeck
DRodriguezFX: I no longer feel compelled to hold onto this EURCHF long position. SSI is at a massive 19:1, I'd get back in at a lower price. 2 hours ago from TweetDeck
JohnKicklighter: That 10 second range may be all we get from the NZD. Hard to deviate from the underlying current of risk appetite trends nowadays. 3 hours ago from TweetDeck
JohnKicklighter: Interesting mix. Improved jobless rate, weaker employment change. NZD clearly trying to work out whether positive or negative. 3 hours ago from TweetDeck
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Daily Video Recap: Risk Appetite Fueled by Euro Output Data Dented by Greece Downgrade
Featured \ Nick Nasad \ 4:57 PM EST \ June 14th, 2010Overnight the risk rally from last week was extended as we had stronger than expected industrial production data from the Euro-zone and quarterly manufacturing report from Japan. The Euro, Pound and commodity currencies rallied against the Dollar, our so called “risk-on” trades. However, in late NY trading Moody’s downgraded Greece which cut gains in US stocks and in oil prices which pressured the Canadian Dollar and the US Dollar against the Yen.
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