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- USD/CHF slips back amid talk of sizeable sell interest
- Greek public sector union calls 1 day strike against new austerity measures on March 16 – Union head
- EUR/GBP lower, helping pressure EUR/USD
- They got it surrounded…..
- EUR/GBP slips back; US investment bank recommends short possie
- This one’s for Solange
- And the next one please……..
- Giant Panda arrives on the scene?
- Cable bears pause to catch their breath
- EUR/GBP tacks on quick 20 points
- Swiss Q4 GDP nice surprise
- EUR/USD touch easier
- No real respite for cable as yet
- EUR/USD touch easier as market awaits Greek developments
- Asian FX market wrap: RBA hikes rates by 25bps
- South Korea February CPI +2.7% YoY
- Cable slides lower, bounces remain very shallow
- AUD slips back as market digests statement
- RBA: raises by 25 bps
- Expect the pre-RBA flurries to start soon
| USD/CHF slips back amid talk of sizeable sell interest Posted: USD/CHF is down at 1.0865 having earlier reached 1.0889. The sell-off comes amid talk of very sizeable sell interest at 1.0890. EDIT EDIT EDIT: Lilac, bless her cotton socks, has just reminded me there is barrier option interest tipped at 1.0900, so talk of very substantial sell interest around 1.0890 isn't too ... |
| Greek public sector union calls 1 day strike against new austerity measures on March 16 – Union head Posted: Putting euro under more pressure. Stops tripped through 1.3450 on news, quickly down to 1.3435 followed by bounce back to 1.3455. Will expect to hear reports of sovereign buying emerging on this latest dip. More stops seen through 1.3430. |
| EUR/GBP lower, helping pressure EUR/USD Posted: EUR/GBP giving ground in wake of US investment house putting out sell recommendation. I didn't mention the target, but it's the 200 dma which im reliably informed is .8820. Action in the cross has helped pressure EUR/USD lower, presently at 1.3480. I earlier opined that I thought there would be buy orders in ... |
| Posted: First reports of BIS on offer at 1.3540. Now reports they on bid at 1.3510. I'm beginning to feel sick. Can I go home now. |
| EUR/GBP slips back; US investment bank recommends short possie Posted: It's never easy is it? EUR/GBP is back at .9060 from session high .9093. A US investment house has come out recommending short possie in the cross. They're apparently scaling into short from .9069 looking to add on any further upticks. Stop is on a close above .9170. |
| Posted: USD/CAD is moving lower, presently at 1.0390 from early 1.0425 amidst reports of model funds selling. Maybe the hedge funds in question are following the Solange model. |
| Posted: Talk has BIS lined up on the offer at 1.3540 in EUR/USD. |
| Giant Panda arrives on the scene? Posted: Talk is that an unspecified Asian sovereign has been active all over the shop buying euro, cable and aussie. Seems to have made rather an impression and bears (excuse the pun) all the hallmarks of China activity but can't confirm it's them. I had been hoping for a fairly quiet day today ... |
| Cable bears pause to catch their breath Posted: Cable at 1.4875 having been as low as 1.4856. First approach of the 50 level has not totally unexpectedly seen some hesitation. It would take a brave man to sound the all clear though. UK clearers and US hedge funds seen actve sellers in this latest onslaught. Elsewhere EUR/USD sits at ... |
| EUR/GBP tacks on quick 20 points Posted: EUR/GBP is on the march, tacking on a quick 20 points, presently at .9085. In the back of my mind I've got Barclays Capital's .9230/40 target. Personally hope they're going to be right. Cable is down at 1.4855. It wouldn't be overly surprising to see cable hesitate around the 50 level in ... |
| Posted: Swiss Q4 GDP has come in at +0.7% q/q, +0.6% y/y, demonstrably stronger than median forecasts of +0.4%, -0.4% respectively. EUR/CHF continues to do very little, presently at 1.4633. Seems market wary of pushing toward 1.4600 line fearing it could awaken the SNB. |
| Posted: EUR/USD has slipped a little further as European trading has gotten underway, presently down at 1.3517. Talk of buy orders at 1.3500/10, small stops just below. Can expect larger buy orders to be lined up down in 1.3450/70. EUR/USD seems to be taking its lead from cable which is getting ... |
| No real respite for cable as yet Posted: Cable is trading a little lower (everything's relative, right?) this morning, down at 1.4935 from a North American close Monday up around 1.4990. The psychological 1.5000 line has managed to cap the topside and sentiment remains somewhat bearish toward sterling. I read a comment by a fairly well-known forex pundit (actually ... |
| EUR/USD touch easier as market awaits Greek developments Posted: EUR/USD is marginally easier, presently down at 1.3535 from a North American close Monday up around 1.3560. The slight slippage overnight is probably as much down to the sell off seen in AUD/USD as anything, traders there quick to book profits after the as expected 25 bps RBA hike. Market awaits developments on ... |
| Asian FX market wrap: RBA hikes rates by 25bps Posted: The RBA raised rates by 25bps to 4% RBA Governor feels that the local economy is strong enough to withstand Sovereign debt pressures Australian January retail sales +1.2% MoM Japan's unemployment rate drops to 4.9% HK market down, Korea up, others flat Gold steady The FX market has been fairly nervy today after the massive falls ... |
| South Korea February CPI +2.7% YoY Posted: This is slightly lower than the 2.9% expected. FX majors remain quiet. |
| Cable slides lower, bounces remain very shallow Posted: Cable fell down to 1.4906 a few minutes ago and it looks like an interim top may well be forming at 1.5000, with the market in sell-rally mode. It's hard to see London coming in and starting to buy sterling in the current environment so the risk in my eyes ... |
| AUD slips back as market digests statement Posted: A somewhat unusual move after the announcement. The AUD/USD peaked at .9030 before slipping back quickly to .8960. Either the market was very long going into the announcement or the subsequent statement is being seen as signalling a pause. Something I don't see yet. If you're overly short, this might be ... |
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| Expect the pre-RBA flurries to start soon Posted: Generally before an anticipated event we start to get little forays and flurries in the hour before the announcement. Some traders start getting cold feet and run for cover, others suddenly decide they have to have a position, only they're never sure which way. Personally I like to wait for ... |
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