UK clearer buying EUR/CHF, hedge funds buy as well

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I’d ignore all Friday afternoon rumours which usually tend to be utter rubbish.

Facts are that a UK clearer along with some of the bigger hedge funds have bought a chunk in the last hour of trade. They might be exiting remaining shorts, after the stop-loss run last night or they might know something we don’t! What I will say is that its unusual for big players to trade EUR/CHF in this timezone as the liquidity is quite poor compared with European trade.

2012-05-25T02:06:20+0000

All|Asia Pacific|Forex Orders

EUR/CHF

Sean Lee

4 Comments

  1. Well Sean, like you said, something like that doesn’t end right. Seems pretty much like a betting pool where everyone is betting on one thing. Also, it just doesn’t seem right that by being long EUR/CHF, I’m doing SNB’s job for them. And… of course, I like my Fridays free and clear! Nothing wrong with not trading ;-)

  2. Hi Sean, so is there any hope for EUR climb today?

  3. can plees someone explain what a clearer is? i askd this now a frew times nobody seems to know that

  4. @Winny

    I don’t know how right I am. However, If i remember right – UK clearer is one the 3 big banks in the UK, namely – Loyds, Barclays and (I don’t remember the third, lol :))……They get the name clearer because they are know for dealing with huge amounts (or something of that sought). Bottom line its one of those big Institutions in the UK that have branches in the major financial centers of the world and are correspondingly active through ‘all trading sessions’

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