July 23rd, 2009 22:22:47 GMT

Quick look at FX market order books


As Jamie mentioned during the NY session, regional Asian central banks on the bid 1.4110/20 but this is generally good directional information rather than huge size. The same banks were selling yesterday at 1.4240/50 level. China reportedly selling at 95.30 … Continue reading

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July 23rd, 2009 20:24:22 GMT



They’re all running for the exits as EUR/USD collapses through support at the 1.4150/55 area. Stop-loss selling has taken the pair as low as 1.4122.  It is as if someone has yelled fire in a crowded theater. It is a … Continue reading


July 23rd, 2009 17:48:25 GMT

Traders turning off cruise control?


For most of the summer, as went the S&P so went virtually all aspects of the “risk trade”. Today is the best day for the reflation trade in weeks, and while currencies participated for the first few hours, the correlations … Continue reading

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