BIS now seen buying cable
Around current levels. We sit at 1.5223 just ahead of UK jobs report, BOE minutes.
EUR/USD off to steady start; BIS seen on bid
EUR/USD sits at 1.3737, all but unchanged from when I arrived 3 1/2 hours ago. Narrow rangebound trade has prevailed at the start of the European week. Talk in the market has the BIS on the bid down at 1.3730.
Some stops tipped through 1.3720. Meanwhile sovereign sell orders tipped at 1.3800 and again at 1.3830/50.
EUR/USD recovers after early dip; sovereign buying seen
EUR/USD back up at 1.3622 having dipped to session low 1.3597 earlier. Russia and BIS have both been seen buying. Sell orders tipped up at 1.3640/50.
Euro zone Q4 GDP confirmed at +0.1% q/q, -2.1% y/y
Q3 2009 confirmed at +0.4% q/q, but y/y rate downwardly revised fractionally, to -4.1 from previous -4.0%
EUR/USD sits at 1.3650 having run into BIS up around 1.3665.
They got it surrounded…..
First reports of BIS on offer at 1.3540. Now reports they on bid at 1.3510. I’m beginning to feel sick. Can I go home now.
BIS turns up buying EUR/USD
Around 1.3590 by sounds of it.
BIS seen buying EUR/USD
EUR/USD at 1.3625. Talk BIS has been in buying.
EUR/USD rallies, trips stops. More seen
Stops tripped through 1.3660 and we’ve been as high as 1.3674 so far. More stops seen through 1.3700. Will be interesting to see if BIS turns up as EUR/USD seller.
Elsewhere cable has extended rally, having been as high as 1.5575 so far, presently back at 1.5565.
EUR/USD lower, BIS sells
EUR/USD is trading lower, presently at 1.3595. Talk is that BIS sold up in 1.3625/30 area. Russia has also been notable seller this morning.
EUR/GBP trading lower, presently at .8793 from early .8810. French name notable seller here.
BIS still in there pitching
EUR/USD presently at 1.3795 having been as high as 1.3815. The BIS has been noted selling above 1.3800.

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