Daily market Views

FX Views for 20 July 2010

morning all

Expect euro to bounce back again.. buy 1.2935.. if 1.2980 breaks on hourly charts.. add long.. target 1.3100.. s/l 1.2895.. if 1.2980 touches but closes lower on hourly charts.. s/l is increased to cost at 1.2935

GBP/USD play range of 1.5210-1.5350

USD/JPY range 86.50-87.50

INR.. expect range of 47.05/47.2100 for teh day.. if euro breaks higher.. expect the pair to fall below 47.00.. (all OTC spot levels)

ciao

Re: FX Views for 20 July 2010

Hi Ritwij,

Agreed with ur view frnd

USD/INR : - Sell @ 47.25...s/l @ 47.31....t/p @ 47.10 ( July futures)

Regards

Amit

Re: FX Views for 20 July 2010

Hi Amit

Shorted Euro at 1.2972.. s/l 1.2992 for one dip to 1.2940

ciao

Re: FX Views for 20 July 2010

HI

Cut euro shorts at 1.2986.. will go long again at 1.2975. as per morning view

Holding usd/INR shorts.. t/ped part at 47.10 .. holding rest for 47.06. OTC spot levels

Re: FX Views for 20 July 2010

again short USD/INR at 46.15.. (OTC spot level) with stop loss above today's high

Euro long at 1.2980.. with stop loss below 1.2945

cheers

Re: FX Views for 20 July 2010

stopped on both trades... :-(

FX view 22 Jul 2010

stay long USD/INR..

for today... buy 47.25. .first target 47.43.. if stays above 47.44.. target 47.70 by tomorrow...

All OTC spot levels..

have a good day:thumb:

Re: FX view 22 Jul 2010

hi ritwij,

Agreed with ur view.....

cheers...

but for very short term view.....can sell at 47.37...s/l @ 47.39...t/p @ 47.29

and then buy at the lvls which u r mentioning.

Regards

Amit

Re: FX view 22 Jul 2010

You are talking about OTC spot levels and not currency futures prices. Does that mean you somehow trade in spot usd/inr and not exchange traded derivatives?

Re: FX view 22 Jul 2010

thats correct.. i work in OTC market.. for a bank