Christine
04-13-2012, 02:16 PM
US equities open weak down 0.4%. Spanish sovereign debt continues to slide, up 12 bp in yield to 5.94%, approaching the 6% panic-point.
Small bids are eyed at 1.3100 while 1.3100 and 1.3105 options expiries at 14:00 may provide the market with some demand if we dip much lower than those level. Note that the 1.3102 level is the 61.8% retracement level of the recent 1.3034/1.3213 rally.
http://www.forexlive.com/wp-content/uploads/2012/04/4-13-eur-330x353.png (http://www.forexlive.com/wp-content/uploads/2012/04/4-13-eur.png)
http://feeds.feedburner.com/~ff/forexlive-rss?d=yIl2AUoC8zA (http://feeds.feedburner.com/~ff/forexlive-rss?a=cu73iE-biWM:x0r25cxpYus:yIl2AUoC8zA) http://feeds.feedburner.com/~ff/forexlive-rss?i=cu73iE-biWM:x0r25cxpYus:V_sGLiPBpWU (http://feeds.feedburner.com/~ff/forexlive-rss?a=cu73iE-biWM:x0r25cxpYus:V_sGLiPBpWU) http://feeds.feedburner.com/~ff/forexlive-rss?d=qj6IDK7rITs (http://feeds.feedburner.com/~ff/forexlive-rss?a=cu73iE-biWM:x0r25cxpYus:qj6IDK7rITs)
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Small bids are eyed at 1.3100 while 1.3100 and 1.3105 options expiries at 14:00 may provide the market with some demand if we dip much lower than those level. Note that the 1.3102 level is the 61.8% retracement level of the recent 1.3034/1.3213 rally.
http://www.forexlive.com/wp-content/uploads/2012/04/4-13-eur-330x353.png (http://www.forexlive.com/wp-content/uploads/2012/04/4-13-eur.png)
http://feeds.feedburner.com/~ff/forexlive-rss?d=yIl2AUoC8zA (http://feeds.feedburner.com/~ff/forexlive-rss?a=cu73iE-biWM:x0r25cxpYus:yIl2AUoC8zA) http://feeds.feedburner.com/~ff/forexlive-rss?i=cu73iE-biWM:x0r25cxpYus:V_sGLiPBpWU (http://feeds.feedburner.com/~ff/forexlive-rss?a=cu73iE-biWM:x0r25cxpYus:V_sGLiPBpWU) http://feeds.feedburner.com/~ff/forexlive-rss?d=qj6IDK7rITs (http://feeds.feedburner.com/~ff/forexlive-rss?a=cu73iE-biWM:x0r25cxpYus:qj6IDK7rITs)
Read more... (http://feedproxy.google.com/~r/forexlive-rss/~3/cu73iE-biWM/)