Asian offers heard in EUR, GBP
traders note talk of Asian central banks selling strength in both EUR/USD and Cable into strength.
Offers are seen a touch higher in both pairs from China, toward 1.5145 and 1.6660, we’re told.
traders note talk of Asian central banks selling strength in both EUR/USD and Cable into strength.
Offers are seen a touch higher in both pairs from China, toward 1.5145 and 1.6660, we’re told.
2 Responses to “Asian offers heard in EUR, GBP”
Hi Jamie, ( new to forex ) when you mention above,, selling strength into strength … does this indicate a possible long or short on the currency pair??
thankx
basically it means they are taking advantage of strength to take profit on longs. China was a big buyer yesterday around 1.6410 in GBP so they are natural sellers now on rallies into the 1.6630/40 area. Same in EUR…