08.03.2001 12:10:00
TT-FX Euro area GDP 0.7% qoq and 3.0 % yoy, in line with expectations

08.03.2001 11:46:00
TT-FX Everyone still wants upside USD/JPY and EUR/JPY, mainly via vanilla options

08.03.2001 09:51:00
TT-FX usd/jpy meeting some sellers from 120.00 down, a bit of demand occuring again now at 119.60lvl

08.03.2001 08:50:01
TT-FX The USD maintains a positive tone although we would still like to see a more aggressive follow through above 120.00 to feel more comfortable on the bullish significance of the break of 120.00. Upside potential remains on 121.00 and 122.00 with support located at 119.48. Daily and intraday momentum remains positive and this does keep the focus on the upside for now.

08.03.2001 08:50:00
TT-FX The Euro was relegated to a brief walk on part yesterday while the Yen took centre stage. 0.9252 and 0.9381 are now likely to determine the Euro's fate with a break from either end required to re-focus attention on the fledgling currency. The bullish implications of a break above 0.9381 should not be under-estimated - targeting 0.9446 (01-February high) - bull trigger for 0.9508 (19-January high), and ultimately 0.9595 (15-January high), but it is essential that a move higher is seen imminently otherwise it would appear that EURJPY is providing an artificial prop. As such, keep an eye on 0.9252 (06-March low), as failure to hold here would threaten the developing bullish view we have alluded to in recent weeks and instead expose a deeper setback to 0.9194 and 0.9149 thereafter.

08.03.2001 08:32:00
TT-FX Spot gold stayed at about $262.50 per ounce in Asian session, after having risen on light short-covering early in the morning, dealers said. Themarket remained quiet on a lack of price direction for the near term.


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