4X Profiting

Risk aversion dominated markets last week and wold stock markets turned negative for the year as MSCI world index erased all it's gains this year. We're talking about S&P 500 having the losing losing streak since last August. Major European indices fell last week with notable fall in FTSE by

GBP: The British pound also rebounded from 1.5732 low in part due to improved risk appetite (on back of recovery in Dow future), weekend profit-taking also helped lifting cable from lows, however, offers from various parties (including U.S. big names) are lined up from 1.5850 up to 1.5890 with some

Euro recovers mildly as it's trying to consolidate ahead of 2012 low aginast dollar but strength is very weak so far. The never-ending debt crisis is still weighing on sentiments. EU trade commission Karel De Gucht was quoted saying there ECB and EC are working on "emergency scenarios if Greece

JPY: The pair tumbled yesterday on broad-based strength in Japanese yen due to risk aversion and stops at 79.60 and 79.40 were tripped and option barrier at 79.25 was also triggered. At the moment, some defensive bids are still noted above next barrier at 79.00 and buying interests from Japanese

JPY: The pair tumbled yesterday on broad-based strength in Japanese yen due to risk aversion and stops at 79.60 and 79.40 were tripped and option barrier at 79.25 was also triggered. At the moment, some defensive bids are still noted above next barrier at 79.00 and buying interests from Japanese

Market sentiments were further hurt by worries on Spain, Greece and European banking sector as a whole. Moody's downgrade of 16 Spanish banks and the surging yield in bond auctions sent Spanish CDS to record high of 552 bps while benchmark 10 year yield continues to march towards 7% unsustainable

EUR: Although the single currency resumed recent decline to a low of 1.2667, option defensive bids (for protection of 1.2650 barrier) contained euro’s downside and the pair has rebounded from there, however, offers from Asian CBs are still noted at 1.2740-50 with some stops placed above 1.2760 but more selling

Euro's selloff resumed today after brief consolidation on negative news out of Spain. While markets are clearly still concerned with Greece situation, result of next election and whether Greece will exit euro eventually, investors are equally concerned, if not more, on the situation in Spain. The sharp jump in yield

EUR: Despite tripping option barrier at 1.2700 yesterday, bids to protect stops below 1.2675 lifted euro from low and price has rebounded again in New York and buying interests from Middle East names are still noted at 1.2700-10 and also at 1.2680-85 with stops remain below 1.2675 and 1.2650 (another

EUR: Despite tripping option barrier at 1.2700 yesterday, bids to protect stops below 1.2675 lifted euro from low and price has rebounded again in New York and buying interests from Middle East names are still noted at 1.2700-10 and also at 1.2680-85 with stops remain below 1.2675 and 1.2650 (another