The USD/CHF move came first and, as liquidity in Asia is relatively poor in this pair, many dealers were forced to execute through the components, buying EUR/CHF and selling EUR/USD. This drove EUR/USD to session lows at 1.4000 but bids … View full post on USD/CHF – Google Blog Search
May 24th, 2011
EUR/USD more sideways consolidation until Europe | ForexLive
EUR/USD baulked at the sell orders placed above 1.4060 a little earlier and has retreated to more comfortable territory around 1.4030. The moves so far today. View full post on EUR/USD – Google Blog Search
May 24th, 2011
AUD/USD: Bounces off overnight low | ForexLive
Possibility of a short term double bottom in the AUD/USD with the overnight low at 1.0475 holding firm again. It’s all been about the CHF crosses this. View full post on AUD/USD – Google Blog Search
May 24th, 2011
EUR/CHF: Don't read any further if you don't like rumours | ForexLive
Ok, that got rid of about 1 person. The rumour circulating since NY is that the SNB is on the bid in EUR/CHF around the 1.2360 level. Hence the short. View full post on EUR/CHF – Google Blog Search
May 24th, 2011
USD/JPY orders: Favours further range trading | ForexLive
Light stops above 82.25 Solid selling interest at 82.50 Solid bids 81.15/30 Heavy stops now below 80.90. View full post on USD/JPY – Google Blog Search
May 24th, 2011
EUR/USD back to where it started | ForexLive
Most of the majors are now back to their opening levels with the exception of the CHF which has been the big loser this morning after the SNB comments. No word. View full post on EUR/USD – Google Blog Search
May 24th, 2011
EUR/CHF: 1.2480 next level to watch | ForexLive
1.2480 was the recent daily support level and a break back above there is likely to trigger more trailing stops. Bears can consider selling a failure (wait. View full post on EUR/CHF – Google Blog Search
May 24th, 2011
USD/CHF: Trailing stops triggered above .8850 | ForexLive
Positions in USD/CHF are usually sizeable and liquidity at this time of day is poor, hence the gaps. USD/CHF triggered large trailing stops above .8850, trading. View full post on USD/CHF – Google Blog Search
May 23rd, 2011
EUR surprisingly resilient | ForexLive
Not everybody believes in the demise of the single currency just yet. I’m still very wary of being long EUR but if I was forced to buy a single pair, then I’d buy EUR/AUD, purely from a technical risk/reward standpoint. Share and Enjoy: … View full post on EUR/AUD – Google Blog Search
CHF longs covering after earlier Jordan comments | ForexLive
The comments earlier from the SNB that they are very worried about the strength of the Swiss Franc has worried some CHF long positions and hedge funds are buying EUR/CHF and USD/CHF in particular. USD/CHF has made a big move this … View full post on USD/CHF – Google Blog Search
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