Chatroom/FXWW News

Chat-room commentary

Here are some earlier bits n pieces from the FXWW chat-room on Reuters Messenger. The very lengthy free trial will soon be coming to an end and we will be contacting members individually to see if they wish to continue with the paid service. Those who’ve been following 888 on Twitter will also be contacted to see if they wish to continue with the service.

9:40:43 am

NAB:
AUD odabook I see decent weakness now 9360-9310 by specs and real money, with more significant demand now 9250-9280 as Corp Int rests there, topside supply 9410-50 mix of Corp and spec with short term weakness just sitting above and then better selling all the way up to 9650 as has been our book make up over the last few months, for choice today look for 9360-9420 to cap with slight improvement in USDs matched by better sentiment, so look to fade moves towards those extremes with a risk that weakness under 9350 might trigger first

10:26:08 amDB Spot Trading Morning Report:
http://www.twitlonger.com/show/n_1rp18ui

11:33:35 amRBA News: September 2013 Financial Stability Review
http://www.rba.gov.au/publications/fsr/2013/sep/html/contents.html

Sep 25

Sean Lee FXWW

11:58:49 am[Screenshot0] | [DesktopObject0] Reuters analysis of RBA financial stability review

Sep 25

FXWW 888 FXWW Pty Ltd

12:06:37 pmhi Sean…another low sesion here so far… USDJPY was firm into the fix, but fell away on talk of decent THBJPY selling from a jap account of all things… first demand spot seem to be at 99.50, light stops thru 45…tier 1 aying they have good bids 98.20-30, other talking decent stops thru 98.25…and again under 98.05.
Topside jap says they have stops 99.20-35..then offers 99.40-50….
but at this rate most of this is moot given we stuck in 55-75

Sep 25

Sean Lee FXWW

12:07:30 pmThanks 888, I like the technical set-up in NZD/JPY https://www.tradingview.com/x/gSdFGpco/

12:07:44 pmMaybe look to buy dips to 80.40?

Sep 25

FXWW 888 FXWW Pty Ltd

12:07:56 pmAUDNZD still ticking higher into this key 1.1400-40 area…kiwi supply out of tokyo pre and into the kiwi data has kept a lid on it…. kiwi pretty much back at pre fomc lvls here

Sep 25

Sean Lee FXWW

Sep 25

FXWW 888 FXWW Pty Ltd

12:14:04 pmyes that looks like reasonable lvl to re-engage in NZDJPY longs… probably concides with this 8160-80 lvl kiwi https://www.tradingview.com/x/bicRihXB/

12:14:45 pmha ye HSBC been calling for that for a little while

Sep 25

Sean Lee FXWW

12:15:08 pmyep agree, but if AUD/NZD turning, is AUD/JPY better vehicle??

Sep 25

FXWW 888 FXWW Pty Ltd

12:16:31 pmquite possibly

12:23:34 pmHere’s HSBC’s piece on US10yrs at 2.10
https://www.research.hsbc.com/R/20/Ap0qSajIAtoi

Sep 25

Sean Lee FXWW

Sep 25

FXWW 888 FXWW Pty Ltd

12:36:46 pmha yep- explains audkiwi upmove

12:45:30 pmBoA: 30% Chance Govt Shutdown:

The softness in risky assets has been partly attributed to the risk of a government shutdown in the US (our economists have upped the probability from 15% to 30%). The first hurdle is the Continuing Resolution bill that needs to be approved before 1 Oct. By attaching the defunding of Obamacare (a popular demand) to the CR bill, the Republicans hope are hoping to make the threat of a government shutdown less politically dangerous and therefore more credible. There are two ways a government shutdown can happen next week: 1) the ongoing Senate filibuster by Ted Cruz delays the CR – but this is unlikely as many Republicans are against Cruz’s approach, 2) the bill sent back to the House (sans Obamacare defunding) is not approved before the Oct 1 deadline – possible but will still be politically costly and a bargain remains likely. However, the current CR bill will be far from the end of the story – particularly since a shortened version of the bill (till Nov 15) is being proposed – and the debt ceiling debate is even closer (mid-Oct). This fight will continue even if the CR bill is passed before Oct 1.

12:47:31 pmMacNeil Curry, Chief Technical Strategist, expects risk assets to correct further given poor seasonals surrounding US equities. An S&P500 close below 1700 provides further evidence of a near term top and corrective turn towards 1653. In FX, he expects EURUSD and EURJPY to weaken before resuming larger bull trends, while USDJPY should resume its burgeoning uptrend ahead of the Sep-18 lows of 97.78. As such, MacNeil advocates buying dips in EURJPY (buy at 131.86, target 138.12, stop 129.90). Elsewhere, he remains long USDCAD (from 1.0250, stop 1.0180, target 1.0542), and exits AUDNZD shorts, waiting for better levels to resell.

1:09:47 pmBARCAP GFX SINGAPORE TRADER COMMENTS:
http://www.twitlonger.com/show/n_1rp1cr9

Sep 25

Anjaney Kumar Punjab National Bank

1:34:58 pmgood mrng every one, gud day

Sep 25

Sean Lee FXWW

1:42:55 pm[Screenshot0] | [DesktopObject0] EUR/JPY techs; looks v soft at moment but overall trend is solidly bullish and buying deep dips loks like safest play

Sep 25

Anjaney Kumar Punjab National Bank

1:54:18 pm  The Royal Bank of Scotland: INR Spot: The Indian rupee opened largely unchanged at 62.76 and was seen trading in a tight range in the first few minutes of trade with sentiment slightly subdued due to weaker Asian currencies and shares.  Expected range for the day is 62.4 – 63.00 with no real cues to suggest a trade here

1:54:47 pmHSBC Ltd, Singapore Branch: EUR , stops below 1.3440 , then 200 hourly MA at 1.3430 … i think we will go for it ..

Sep 25

FXWW 888 FXWW Pty Ltd

1:55:39 pmthx AK

Sep 25

Milan Cutkovic FXWW Pty Ltd

4:11:13 pmGood morning

Leave a Reply

Your email address will not be published. Required fields are marked *