Signing off with latest from the chat-room

3:38:36 pmUBS_Morning_Adviser.pdf

4:15:38 pmFXWW European Open Briefing 20-09-2013.pdf

4:27:20 pmSEB_Tech_Alert.pdf

4:28:50 pmSeems to be some decent demand sitting between $1.3510/00 from what I read

4:29:14 pmCommerzbank_Techs_20092013.docx

4:39:18 pmE/$ demand seen from $1.3520 through to $1.3480 but main interest seen placed between $1.3510/00. Real money offers $1.3550…further offers on approach to $1.3570 ($1.3569 post FOMC high) with more seen into $1.3580. Above here and large barrier at $1.3600 moves into view. Buy dips says Citi, saw their technical team have again gone long E/$ (Thursday at $1.3554)  and have focus set on 2013 high at $1.3711….we’ll see

4:39:56 pmRe: option expiries, 99.75 is 500 mil. and 100.00 is 700 mil. in size

4:53:18 pmCS_Global_Macro_Pulse.pdf

4:54:27 pmCiti Tech’s GBP long recco from last week doing very well at mom

4:54:35 pmUSDJPY saw a very good bounce following Wednesday nights surprise and we are back above levels pre announcement…USDJPY obviously given some very good support as cross JPY turned very bid…many of the crosses actually posting long term highs now. However some calm was seen in Asia ahead of the Japanese long weekend and some profit taking was seen following such an aggressive bounce. Still plenty of interest from importers today who missed the chance yesterday, so fixing demand was quite high but the high correlation with the Nikkei took over and headed lower as equities drifted from their highs. Order book shows plenty of offers now as we approach 100, uncertainties over the U.S. Congressional debate over raising a debt ceiling and Germany election on Sunday, we may see the topside struggle so selling ahead of yesterday’s high and again around 99.70 with a stop through 100 is how I would like to play it today.

4:54:41 pmOrder book showing some good size stops 99.50/55 then constant offers from 99.80 up to 100.05 in decent size. Again more offers 100.20/30. Downside is quite light with small stops through 99.00 with some bids coming in 98.85 and again at 65 then thins out until better size waiting as we approach 98.00

4:56:04 pmRTS_Commodities.pdf

4:56:08 pmState St note says exporter sell interest at Y99.60 currently keeping a lid on $/Y

5:04:20 pmFed – Later this evening we get the first indications of the post no taper Fed. 17.55 Bullard (Voter – Dove) will be speaking on the economy and monetary policy (Q+A from audience and media) and ahead at 17.30 George (Voter – Hawk and dissenter) on the economy to the Manhattan Institute.

5:10:39 pmCitiFX Wire… A rather disappointing 24 hours of price%… (Story)

5:26:38 pmSocGen
09:24:46G10 Spot Trading
o Yen selling continues to be the trade of choice. Jpy crosses breaking decent levels, notably CHF/JPY having broken 3 yr highs and 23 year trend at 108.20/70
o USD/JPY – we gave up quickly on USD shorts through 99.00. This area now becomes support and we are looking to try and re-buy on dips towards 99.00/10 and 98.80. Leaving our s/l below 98.50 for a move to 100.00 and then 100.60 (channel top resist.)
o EUR/JPY powered through its 133.40 pivot. We again look to buy on dips at 134.00 and 133.50 with our s/l below 133.00 for a move breaking 135.00
o EUR/USD is consolidating above 1.3500. Market is continuing to look for pull backs to reestablish longs. We like to buy towards 1.3500 and 1.3450 with a s/l below 1.3400. Targeting 1.3600 and then 1.3660 (trend channel top)
o AUD/USD has seen a pull back from 0.9530 highs. We are tentative buyers on dips at 0.9420-30 with a tight s/l below 0.9400 for a move towards 0.9500-20

5:26:45 pmo GBP/USD – look to buy dips towards 1.6000, leave a stop below 1.5950. We saw weaker retail sales yesterday but this just encouraged bids to come back into the market.
o We stopped out in EUR/GBP on Euro up-move yesterday, but are tempted to re-sell. For the time being, we will wait for a further rally towards 0.8475 and then reassess
o EUR/CHF – despite ChfJpy, long against 1.2300 (200dma and trend support) provides decent risk reward