Forex Market News:
Talk on the street is that model funds have been responsible for the selling in the EUR/USD and the Cable with more selling expected on a break below 1.4175 in the Cable.
There have been conflicting rumours on the street today depending on whether you talk to people in London or Asia concerning the AUD/USD and the London fix. The word out of Asia is there is a HUGE amount of buying to be done, word out of London is that there is a HUGE amount of selling to be done. No one can ever say i am biased in the way i report things…
