The market was obviously quite long of the USD judging by the moves we witnessed in Europe overnight. The EUR/USD rally started during Asia and then gathered pace as the session progressed, topping out just shy of 1.3700. AUD/USD also … Continue reading
Talk that a Boston-based custodian hammered USD/CHF, traders relay…EUR/USD reversed losses to 1.3169, launching to 1.3243, squeezing shorts in the process. It really is 2008 all over again! Volatility sky-high.
Strong bounce off the 0.9182 lows was led by Middle Eastern buying with a quick pull up to 0.9231 We’re around 0.9220 now I’m searching for orders in this pair but nothing as yet……
As usual in these markets they were duly taken out with little in the way of a follow through. USD fell to 0.8918 on the EBS before bouncing back to 0.8930
Sees growth of 1.5% in 2012 and 2.5% in 2013 EUR/CHF steady around 1.2200 with USD around 0.9030
Same story here for the last week or so; big players are short of both and aren’t having much luck in getting them back so of course the market runs away from them. EUR/CHF: Large stops starting above 1.2350 USD/CHF: … Continue reading