In wake of weak US jobless data, presently at 1.2880 having been as high as 1.2888. How far will we go before China turns up as a seller? Answers on a post card. I wouldn’t expect them to stay away for long if we get into the 1.29’s.
Just been talking to a veteran trader and he opined that China probably has a raft of dnt’s in place for the Summer, evidence them constantly turning up on both sides of the market. Reminds me very much of last year. Deja vu all over again.
As Sean has mentioned talk of stops around 1.2935.
