Dealers note strong buying of cable from the 1.6550 level all the way up through 1.6600 and the pound remains underpinned.The demand seemed to come under duress, traders say. This means the buyer really wanted them cheaper but was forced to pay up to cover his exposure, just like us mere mortals. Institutional investors were strong sellers of EUR/USD in the 1.4160/70 area as well. Gerry is reaching for his LL Bean catalog as we write. the invisible hand is at work!
Real money active on latest dollar slide
Source: www.forexlive.com
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June 3, 2009
Hello all, MUCH movement on all pairs today which will be setting up many pairs with new Drop In entries in the coming hours. This is the time to be alert. If you have not yet signed up for the email/sms alerts this is a good time to go ahead and do so now. The USD/JPY H4 with the stop loss moved...