Presently at 1.5960 from around 1.5925 when i sat down.
Talk still doing the rounds re HSBC dividend payment and the need for cable to be bought. On Friday I was getting reports buy orders related to the HSBC interest were lined up at 1.5960 down to 1.5930, so things somewhat confused. Hard to work out what’s been done and what needs to be done. If I get any further info will pass on.
UPDATE: Sell orders clustered 1.5985/95. I’d hazard a guess some buy stops parked just above psychological 1.6000, but no confirmation of such as yet.
