Christine
06-13-2012, 10:25 PM
Even from an intraday perspective, I’m finding it hard to find any trades which look like good risk-reward value. EUR/USD could, and probably will, trade 100 pips either side of current rates without any real difficulty, cable seems driven by EUR/GBP flows and the Aussie is totally dependent on short-term shifts in risk sentiment. Even the crosses have plus and minus factors; maybe we should all be trying to make 2 pips in EUR/CHF?
The most obvious, and boring, trade is to continue to play the 79.00/80 range in USD/JPY, with big orders reportedly either side. Guess it’s going to be a very quiet session.
http://feeds.feedburner.com/~ff/forexlive-rss?d=yIl2AUoC8zA (http://feeds.feedburner.com/~ff/forexlive-rss?a=DElL4dXhGUI:EHa5mCuChN0:yIl2AUoC8zA) http://feeds.feedburner.com/~ff/forexlive-rss?i=DElL4dXhGUI:EHa5mCuChN0:V_sGLiPBpWU (http://feeds.feedburner.com/~ff/forexlive-rss?a=DElL4dXhGUI:EHa5mCuChN0:V_sGLiPBpWU) http://feeds.feedburner.com/~ff/forexlive-rss?d=qj6IDK7rITs (http://feeds.feedburner.com/~ff/forexlive-rss?a=DElL4dXhGUI:EHa5mCuChN0:qj6IDK7rITs)
The most obvious, and boring, trade is to continue to play the 79.00/80 range in USD/JPY, with big orders reportedly either side. Guess it’s going to be a very quiet session.
http://feeds.feedburner.com/~ff/forexlive-rss?d=yIl2AUoC8zA (http://feeds.feedburner.com/~ff/forexlive-rss?a=DElL4dXhGUI:EHa5mCuChN0:yIl2AUoC8zA) http://feeds.feedburner.com/~ff/forexlive-rss?i=DElL4dXhGUI:EHa5mCuChN0:V_sGLiPBpWU (http://feeds.feedburner.com/~ff/forexlive-rss?a=DElL4dXhGUI:EHa5mCuChN0:V_sGLiPBpWU) http://feeds.feedburner.com/~ff/forexlive-rss?d=qj6IDK7rITs (http://feeds.feedburner.com/~ff/forexlive-rss?a=DElL4dXhGUI:EHa5mCuChN0:qj6IDK7rITs)