Talk of Asian sovereign buying in EUR/USD

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That’s the word in the street anyway, and also now of some buy stops  in place though 1.3080 and again through 1.3110.

EUR’s presently just of the recent day’s highs of  1.3075, around  1.3064

3 Comments

  1. Morning Pete, thx for giving us the word on the street ;) brill job as ever :) ,atvb Pete,Chris2

  2. Morning Chris, well knowing them they’re probably on the bloody offer now :)

  3. Yes Pete, the Japanese are buying Euros with USD to purchase Euro Stabil Mech Bonds. Once they stop, the Euros cycle back through the ECB to Euro banks, causing a steady fall in the Euro. In 6 months or so it will cause the Euro to fall below it’s July 2012 low.

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