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BIS sells EUR/USD

By   || February 9, 2010 at 08:10 GMT
|| 37 comments || Add comment

Around the 1.3740 level. Been as high as 1.3744, presently at 1.3725.

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37 Responses to “BIS sells EUR/USD”

  1. almbayrak on February 9th, 2010 08:27 GMT

    Hi Gerry, do you have idea about BIS target, they buy and sell in very short time period, they operate like a retail trader not like a central bank or bank for central banks. Do they want to decrease volatility, but there is no big volatility, do they simply want to make profit.

  2. Gabriel on February 9th, 2010 08:32 GMT

    I think it’s near impossible to know their target, maybe try to guess it. Stops or entries are different.

  3. Gerry Davies on February 9th, 2010 08:37 GMT

    Im sure theyll not have a target, merely executing orders I’d guess

  4. LimitUp on February 9th, 2010 08:37 GMT

    Greek banks open up 1.5%, but now are quickly down 1%

  5. Gabriel on February 9th, 2010 08:40 GMT

    Hi Limitup,
    Thanks for updating us, yesterday closed negative right?

  6. LimitUp on February 9th, 2010 08:44 GMT

    yea down almost 7%…back higher now by 1%

  7. Gabriel on February 9th, 2010 08:46 GMT

    So probably they’ll keep going lower unless we have an update on the things going on with the plan or what they’ll do.

  8. Gabriel on February 9th, 2010 08:50 GMT

    I’m selling 25 pips lower than BIS and they sold it exactly 1-2 pips before it started the real drop…they are the market.

  9. LimitUp on February 9th, 2010 08:50 GMT

    I think they are over done to the downside here. Could see some short covering from here…we just traded up 2%

  10. LimitUp on February 9th, 2010 08:52 GMT

    EURGBP 8793 lets see if they make a run at that interesting 8800 area

  11. Gabriel on February 9th, 2010 08:57 GMT

    Yes limitup :D sold it.

  12. LimitUp on February 9th, 2010 09:00 GMT

    I am flat right now…looking for a scalp

  13. Tajul Akbar Bin Ismail on February 9th, 2010 09:01 GMT

    The Fed could keep interest rate low until 2012 … http://www.foxbusiness.com/story/markets/feds-bullard-fed-rates-low/

  14. chandra on February 9th, 2010 11:09 GMT

    may i know where u get the information… becoz when you post it… i can get at least 15 pips… thanks ya… just wanna get an uptodateinformation…

  15. Gerry Davies on February 9th, 2010 11:21 GMT

    don’t tell anyone Chandra, but i make it all up. great isn’t it. what a wheeze!!! tally ho……….

  16. Gerry Davies on February 9th, 2010 11:22 GMT

    glad you’re making money though, well done!!!!

  17. ALI on February 9th, 2010 11:29 GMT

    I knew it was ya ! :)

  18. Gerry Davies on February 9th, 2010 11:29 GMT

    I’M JOKING!!!!!!……………Chandra I get it from various sources. Market sources, news wires, websites, anywhere I can. I try to sift out the crap. Today out of the blue I got an email from a source I respect giving me some flow stuff. Anyways, just ignore my earlier comment. My strange sense of humour. I’m in a funny mood today as it’s my birthday.

  19. Gerry Davies on February 9th, 2010 11:31 GMT

    Thought that might wake you up Ali……..;)

  20. ALI on February 9th, 2010 11:32 GMT

    Hey, it is your birthday ? I thought it was 6 months ago :) )) Bueno Vista Gerry ! …

  21. Gerry Davies on February 9th, 2010 11:34 GMT

    I’m like the Queen. I have two.

  22. ALI on February 9th, 2010 11:40 GMT

    So one of them is written on my agenda 2 th Feb… ;)

  23. chandra on February 9th, 2010 11:40 GMT

    ok .. thanks bro.. i hope you can always update the information

    thanks again..

  24. ALI on February 9th, 2010 11:42 GMT

    Hey, 2=9

  25. ALI on February 9th, 2010 11:43 GMT

    Not writing the exact is genius…it is not a wise move on internet…but, I am a June Child…

  26. Gerry Davies on February 9th, 2010 12:01 GMT

    what sign are you?

  27. ALI on February 9th, 2010 12:06 GMT

    Gemini, you ?

  28. Gabriel on February 9th, 2010 12:07 GMT

    I’m june too Ali, Gemini here.

  29. Gerry Davies on February 9th, 2010 12:08 GMT

    well today being my birthday would make me an Aquarian.

  30. Gabriel on February 9th, 2010 12:09 GMT

    Happy Birthday Gerry!

  31. gerry davies on February 9th, 2010 12:12 GMT

    Thanks Gabriel.

  32. ALI on February 9th, 2010 12:14 GMT

    Hmm…my girlfriend (dear heart) used to be Aquarian (perfect combination) you must be “stable + air” ; gemini’ s “variable + air” …good floaters for finance both ;) ) Happy Birthday too :) ))

  33. ALI on February 9th, 2010 12:14 GMT

    But this is not a date offer :) )

  34. Gabriel on February 9th, 2010 12:24 GMT

    Lol Ali the date post is funny

  35. Michael Miller on February 9th, 2010 15:22 GMT

    Happy birthday, Gerry.

  36. gerry davies on February 9th, 2010 15:47 GMT

    Cheers Michael. I’m just off for a nice walk along the beach. Back in the day I’d be off my face by mid afternoon on my birthday. How times have changed ;)

  37. ulises balboa on February 9th, 2010 16:01 GMT

    happy birthday gerry. have a nice day

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