Has reached session 1.3715 so far, presently at 1.3705.
Middle Eastern sovereign buying is said to have been notable in latest leg higher. No specific name/s mentioned. Wonder if it’s Qatar sovereign wealth fund buying again? Probably.
Middle Eastern buying also seen in cable which has gone up to test aforementioned sell orders at 1.6090/00.
We’ve been to 1.6094, presently at 1.6083.
Talk is a US commercial bank out of Singapore has been noticeable seller around highs.
It’s interesting, as this bank was notable buyer around 1.5900 yesterday just before we took off up through 1.5950 and higher. Nice profit.
