My information from a usually reliable source is that the bids are substantial in nature from a Sovereign name. I know its over 100 pips lower but store the information in the cranial computer for future reference.
Big bids around 1.4460 in EUR/USD
Source: www.forexlive.com
- Tags:
- All
Read more...
Daily Forex Tips - August 14th 2009
The USD Continues to Fall Yesterday’s trading continued to be extremely volatile, and the major currencies continued to fluctuate within a very high range. However, the better-than-expected figures form the Europe’s leading economies (Germany and France) helped push up the EUR vs. the...
US Q1 Bankruptcies up 10% Q/Q
A few minor economic reports have come out over the session. Firstly US Q1 bankruptcy filings rose to their highest level since 2005, up 10% from Q4 2008. The Philadelphia Fed survey of economists said that the US economy should return to growth in H2 2009, but they also expected the unemployment...
European Morning Forex Wrap Up; Market on hold ahead of non-farm ...
EUR/USD started around 1.4880 and gently ticked higher eventually reaching session high 1.4905, where ACB selling emerged capping the rally. Comments from ECB’s Nowotny, suggesting any ECB tightening is some ways away, helped pressure the pairing and we’ve drifted back to where we started,...
USD/JPY easing toward trendline support
USD/JPY is pressured by a wave of dollar weakness that has come out of left field this afternoon, fueled by a surprisingly large short-covering rally in cable. Trendline resistance broken on the daily charts last week during USD/JPY’s big rally on Friday is now being tested from the topside...
EUR/USD Up on Signals of U.S. Economy Revival
EUR/USD went up today after the yesterday’s decline as the U.S. fundamental reports showed some optimism for the global economy revival and the traders favored yield more than risk. It’s now trading near 1.4043. Retail sales were reported with a growth...