Comments on: Asian market open https://fxww.com/asian-market-open-98/ The Professional Source Thu, 21 Mar 2013 23:54:13 +0000 hourly 1 By: Jason Jin https://fxww.com/asian-market-open-98/#comment-18378 Thu, 21 Mar 2013 23:54:13 +0000 http://fxww.dreamhosters.com/?p=6535#comment-18378 Thanks Sean. Very helpful.

]]> By: Sean Lee https://fxww.com/asian-market-open-98/#comment-18377 Thu, 21 Mar 2013 23:52:25 +0000 http://fxww.dreamhosters.com/?p=6535#comment-18377 I can’t tell for sure but I read about 20 interbank reports every day and the overall sense I get is that the macros are long EUR/JPY, EUR/GBP and EUR/CHF but the more flexible hedge funds are short EUR/USD. Option market is fairly neutral but big move will come if asset managers start dumping EZ peripheral debt again. Other words, overall positioning is very neutral

]]> By: Jason Jin https://fxww.com/asian-market-open-98/#comment-18376 Thu, 21 Mar 2013 23:43:35 +0000 http://fxww.dreamhosters.com/?p=6535#comment-18376 That is interesting Sean. I have been reading institutional reports and most of them are bearish so I would assume the market is short. How could you tell Sean?

]]> By: Sean Lee https://fxww.com/asian-market-open-98/#comment-18375 Thu, 21 Mar 2013 23:41:42 +0000 http://fxww.dreamhosters.com/?p=6535#comment-18375 Possible Jason but I just don’t think the market is really short at all?

]]> By: Jason Jin https://fxww.com/asian-market-open-98/#comment-18367 Thu, 21 Mar 2013 22:39:00 +0000 http://fxww.dreamhosters.com/?p=6535#comment-18367 Feels EUR could be vulnerable to short squeeze if they achieve some sort of agreement given the German IFO number is decent.

]]> By: Sean Lee https://fxww.com/asian-market-open-98/#comment-18365 Thu, 21 Mar 2013 22:29:44 +0000 http://fxww.dreamhosters.com/?p=6535#comment-18365 Yes also bit surprised that EUR move lower on crosses was more through legs than thru EUR/USD. Agree that 12870 again pivotal but nothing will happen in Asian trade, will have to wait for Europe. USD/JPY might move though during Tokyo??

]]> By: Milan https://fxww.com/asian-market-open-98/#comment-18364 Thu, 21 Mar 2013 22:25:23 +0000 http://fxww.dreamhosters.com/?p=6535#comment-18364 Hi Sean,

I think we are going for the 1.2870 stops this session. I’m a bit surprised Euro isn’t already lower on all the bad news today, but perhaps because it is Friday, it will encourage longs to give up? 😀

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