We’re at 1.2855. Earlier heard talk of sell orders 1.2880/00. Would think market will be a little cautious of renewed sell interest from Swiss National Bank above 1.2900. Talk this morning in Europe had a major Swiss commercial bank selling EUR/USD above 1.2900, speculation being that it was on behalf of the Swiss National Bank.
It’s funny; whenever I hear the Swiss private bank is in the market it inveribly goes their way for a decent clip. They are known to execute orders for very high net worth individuals and as I said can do very sizeable amounts. I’d put them up there with likes of China and the large US custodials
