Traders report stops below the 1.01 level in USD/CAD but also see a large US real money buyer just ahead of that level. We could be set up for a classic dip through 1.01 to trigger stops followed by a sharp short-covering rally…
4 Responses to “Stops eyed below 1.0100 in USD/CAD, US buyer ahead”
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do you have news on eur
Jamie, most of us by now are familiar with the dealers stop-hunting antics “hidden” up the sleeve. When it comes to real money and larger players, do they have any tricks of their own, like pulling large orders when the market gets near, or something akin to ‘icebergs’ in equity-ville? I can’t just imagine they always sit with their hands showing, taking lumps left & right? Thanks & Happy St. Patty’s day!
Don’t forget, there are lots of market participants who are not “traders”. They have orders that they need filled and are happy to get them done at the price they specify…Corporates, those sorts of accounts…IF the market trades through their level, they really don’t care…
let me guess, canadians at this time feel happy because of the cad is next to the parity. My question is what the rest of the wolrd feel?