I'm still long 2 lots @ 1.3240. Staying long based on news.
A US investment bank, already seen on the bid repeatedly during the morning ha...
A US investment bank, already seen on the bid repeatedly during the morning has again bid [EUR/USD], though the pair remains weighed by a combination of profit taking and good offers in place in the 1.3290-1.3300 region. The upside bias is likely to persist on the back of more ECB hawkishness from Liikanen and general Eur buying on the crosses on expectations of more rate hikes in the year. Expectations the week's US data slate (manufacturing and services ISMs, non-farm payrolls) will come in on the soft side are also being cited for buoyancy in the pair, though last week's releases upped hopes a soft landing is unfolding. Liquidity is likely to wind down ahead of an early IMM close (17.00GMT).
[FOCUS COMMENT] - [DOLLAR BLIGHTED BY FEARS OF SHARP US SLOWDOWN] After a rather lacklustre Tuesday session, fx markets will return to full capacity on Wednesday, and will be provided with the inspiration to trade in the shape of the year's first major US data release.
ETC.
Also, might short Cable
A US investment bank, already seen on the bid repeatedly during the morning ha...
A US investment bank, already seen on the bid repeatedly during the morning has again bid [EUR/USD], though the pair remains weighed by a combination of profit taking and good offers in place in the 1.3290-1.3300 region. The upside bias is likely to persist on the back of more ECB hawkishness from Liikanen and general Eur buying on the crosses on expectations of more rate hikes in the year. Expectations the week's US data slate (manufacturing and services ISMs, non-farm payrolls) will come in on the soft side are also being cited for buoyancy in the pair, though last week's releases upped hopes a soft landing is unfolding. Liquidity is likely to wind down ahead of an early IMM close (17.00GMT).
[FOCUS COMMENT] - [DOLLAR BLIGHTED BY FEARS OF SHARP US SLOWDOWN] After a rather lacklustre Tuesday session, fx markets will return to full capacity on Wednesday, and will be provided with the inspiration to trade in the shape of the year's first major US data release.
ETC.
Also, might short Cable