February 23rd, 2012 09:09:33 GMT

ACB seller seen in EUR/USD

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Slowing EUR/USD ascent a little.  We’ve been to 1.3330 (EBS)  1.3328 (Reuters), presently at 1.3315. Name in the frame is Korea. Given recent sightings of ACB’s on the bid down below 1.3220, this smacks of profit-taking to me. Somewhat belatedly … Continue reading

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February 23rd, 2012 08:43:06 GMT

Mother of all battles going on

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EBS has the session high in EUR/USD at 1.32999 so far.  We’re presently at 1.3290. Middle Eastern buying has been noticeable this morning. Who’s defending 1.3300?, haven’t a clue.  But they’re doing a pretty good job so far. 09:00 GMT … Continue reading

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