Intraday Market Thoughts

EUR Holds Above 100 WMA, Latest on those Premium Insights

by Ashraf Laidi
Feb 12, 2013 18:32

EURUSD regains its 100-WMA after last week's negligible close below the MA. A close above 1.3370 his week would be the 3rd close above the 100-WMA in 15 months. We called Friday's Premium Insights edition "Temproary Change in JPY bias", but the price move did not emerge until today following the G7 about-turn regarding the phraseology of its statement on FX movements (see previous IMT). The latest from our Premium trades has EURGBP, AUDJPY and US Crude oil hitting all of their final targets at 0.8630, 96.60 and 97.70 respectively. USDCAD long missed its final 1.0098 target by 11 pips, while CADJPY long remained unfilled after missing the entry by pips. Both EURUSD remain in progress, so does the silver short and the other long US crude. The gold long was stopped out by 1 point at 1640. For those remaining trades, please see latest Premium Insights.


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