We’re at 1.2980 from 1.2973 session low.
18 Responses to “Talk Asian sovereign seen buying EUR/USD in recent trade”
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AUTOREFRESH 
Gerry ??
ok cheers, not very civilized of them….
you’re in the wrong game if you want “civilized” it’s a jungle out there!!!
Someone certainly isn’t afraid of the combined forces of China, SNB and BIS.
i feel the market majority fancies this higher, just sovereigns providing roadblock. how temporary, anyone’s guess
Howdy Gerry I just know this thing is going to reverse and traders are going to get caught with their pants around their ankles! Patience is the name of the game here. Good morning by the way. Hope your weekend was golden and bubbly (sp) !
Gerry do you have any feelings on the top in the Aud at the moment … looking for 91+ but not sure how much + on that
Hi Hart. Patience yes, and a big dollop of good timing!!! I can’t remember last time I had a weekend that was golden and bubbly. Or any day for that matter. I could have had a golden day if Id gone to goodwood though. And maybe a little bubbly. Damn and blast.
Got to treat yourself from time to time Gerry. I’m going to stay flat until usd news, unless I can grab a quick short on the m5 before ny opens. If those ny numbers are good I don’t want to even think about the run up. I’ll just stay flat and sell the end of the week. No one in their right mind would carry those profits into the next month and week. It will be Seans t/p Friday scenario.
Hi all, Any specific reason for the chf beeing so weak this morning? Is it the SNB positionning that creates this?
Hi Chris/Shan, you’re probably better off getting Sean to address your question re aud/usd. Not really something i look at that much. I would hazard a guess that “upon” any actual rate hike you’re likely to get a buy the rumuor sell the fact price reaction ie prfit taking and aud/usd lower.
thanks Gerry its one of those hard to pick trades this
Hey Hart, what are ur thoughts on AUD this week? PPI came in softer than expected so we could possibly have the same on CPI. Do u see AUD holding these levels or retracing back down into the 80s?
Hey Giles 9070 aud/usd is that big pivot we had back when it dropped. If the USD news is good today the spx could drag it right back up around 92. I don’t think it will be a sustained visit though. Even if they raise rates next week I think things in China and world wide are more important (slowing down) right now. The AUD is a export currency so too much strength via rate hikes could cause some issues. Housing prices are already ballistic and rate hikes have to be hurting homeowners already.
80.79 aud/jpy is the big level I’m watching just for that reason topside Loouise.
It’s interesting to see how the AUD has risen so sharply especially after the RBA previously said they see inflation softening over the next few months. The equity markets have been quite bullish recently and I’m wondering if it is justified or not. Volumes haven’t exactly been great, but then again that has been a charatcteristic of the last year. What I’m keeping a close eye on is USDJPY and bonds as I see both as a better gauge of risk and they have been heading down and staying down for quite some time. It’s almost as if a bit of complacency is setting into the markets…
Very astute Giles! The bond game is very risk helpful. Especially with usd/jpy, and is a lot of the reason the correlation with risk was broken recently.
Probably the same crew that did the bank stress tests Gerry. This is just one big smoke and mirrors game, and I’m going to be on the short side of it in the good way! Cheers