Top
New York  London  GMT  Tokyo  Sydney 

Asian offers heard in EUR, GBP

By   || December 1, 2009 at 19:17 GMT
|| 2 comments || Add comment

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.

Share and Enjoy:
  • RSS
  • Facebook
  • Twitter
  • LinkedIn
  • email
  • Print
  • Add to favorites
  • del.icio.us
  • Digg
  • NewsVine
  • StumbleUpon

Add a comment

2 Responses to “Asian offers heard in EUR, GBP”

  1. Randy on December 1st, 2009 20:17 GMT

    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

  2. Jamie Coleman on December 1st, 2009 20:49 GMT

    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…

Bottom