June 26th, 2009 16:54:14 GMT

Quick run to retest highs


Why did EUR/USD just race from 1.4080 to retest session highs at 1.4107? Beats me, and the guys I’ve spoken to in the market so far. We assume the Saudis are still on top, selling from 1.4105 through 1.4120, as … Continue reading

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June 26th, 2009 12:46:23 GMT

Mid-East account selling into EUR/USD strength


Offers are seen up to around the 1.4120 level from a Middle Eastern account, traders say. EUR/USD trades at 1.4090 after reaching 1.4108 after a big stimulus-driven rise in personal incomes in May of 1.3%.

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