European Session: Orders and Options Watch

EUR: The single currency retreated after rising to 1.3179 yesterday in part due to Bernanke's comments, however, bids are still noted at 1.3080 with some stops placed below 1.3070-75, more buy orders are expected further out at 1.3050-65 region, followed by buying interest around 1.3020 and 1.2990-00, mixture of bids and stops is located at 1.2950. On the upside, offers are lowered to 1.3125-30 and also at 1.3150, sizeable sell orders remain at 1.3175-80 and mixture of offers and stops remain at 1.3200-10, more sell orders are tipped at 1.3225 and 1.3250-60. Option expires today include: 1.3035, 1.3050, 1.3075, 1.3085, 1.3100, 1.3150, 1.3170, 1.3175, 1.3180, 1.3185 and 1.3200.

GBP: Although cable also retreated on dollar's broad-based rebound, bids in good size are still noted at 1.5150-55 (some stops below), more buying interest is seen at 1.5100 and 1.5080, mixtures of bids and stops are seen at 1.5045 and 1.5020-30, fresh demand should emerge around 1.5000, 1.4985 and further out at 1.4950. On the upside, offers are lowered to 1.5205-10 and also in good size at 1.5240-50, sizeable sell orders are lined up from 1.5270 up to 1.5300 with some stops building up above 1.5310 and selling interest is tipped further out at 1.5330 and 1.5350. Option expires today include: 1.4900 (large), 1.5000, 1.5200, 1.5235, 1.5250 and 1.5260.

CHF: Despite falling to 0.9358 yesterday, the greenback has rebounded on remark from Fed's Bernanke, offers at 0.9440-50 were filled, however, selling interest is still seen further out at 0.9485-90 and also at 0.9505-10, mixture of offers and stops is located at 0.9535-45. On the downside, bids are now reported at 0.9400-10 and also in good size at 0.9375-85, mixture of bids and stops is located at 0.9350-60, more buy orders are expected at 0.9310-20 with more stops below 0.9290-00. Option expires today include: 0.9500 and 0.9625.

JPY: The greenback found good buying interest just above 99.00 level and has staged a strong rebound from 99.04, offers at 99.90-100.00 and 100.10-15 were filled but sell orders in good size are still noted at 100.45-50 with stops building up above latter level and 100.65-70. On the downside, bids are raised to 99.40-50, 99.20 and also in good size from 99.05 down to 98.90 (some stops below 98.85), more buying interest is seen at 98.70 and 98.50, fresh bids should emerge around 98.20-25 with stops building up below 98.10-20, followed by mixture of bids and stops located at 97.90-00. Option expires today include: 98.75, 99.00 (large), 99.40, 99.50, 100.00, 100.50 and 101.00.

IMOH, Clement I.
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