What's with all the ask size showing on the Euro futures???

Quote from Golflyer:


Today, Friday, 2/17/06, I really expected the EUR to lose value against the dollar. To my surprise, the pair rallied! I expected to see the EUR below 1.1880 long before now. Currently, it is at about 1.1930 or so and no signs of falling.

Any ideas from some of you more experienced traders? I would welcome your input.

Thanks,

Golflyer
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Around 12 noon EST Garbanas from the ECB said that rate expectations are reasonable. I hope that this helps.
 
Quote from Golflyer:

Where are you all finding order information? I would be very interested in having access to order sizes, where the orders are placed, etc.

Can you help?
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The comments above are about Euro futures on CME, not the spot market.
 
Quote from Golflyer:

Where are you all finding order information? I would be very interested in having access to order sizes, where the orders are placed, etc.

Can you help?
More...

Get a job on the CBOT floor!
Or open an account with a local.
 
Apologies for repeating a question but have always traded spot but now looking at futures as well.

I have TT and on the ladder it only shows the best 5 bids and best 5 offers. Does the CME show all the information and TT choose only to display the best 5-or is it the same with all ISVs?
 
Quote from Lon Eagle:

Apologies for repeating a question but have always traded spot but now looking at futures as well.

I have TT and on the ladder it only shows the best 5 bids and best 5 offers. Does the CME show all the information and TT choose only to display the best 5-or is it the same with all ISVs?
More...

I made some screenshots with ButtonTrader, which shows what happened (although I was several minutes too late {was not watching the market at that time}: I did not see 20,000 or 30,000 lots...but "only" 10.000).

The first shows the resistance-block on 1.1900:
 

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And the last, the run up to 1,1950...and now a whole lot of Market-Buy-orders...panic? (which shows the spikes, with vertical gaps in the tickchart)
 

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Sydney,
February 20: The EUR/USD is expected to remain sidelined today due to the US
holiday after a pretty whippy session on Friday. There is a story going around
that a "mis-trade" occurred on Friday afternoon with an entity looking to sell
Eurodollar futures and accidentally sold over a yard of EUR/USD on one of the
trading platforms. The "error" resulted in the EUR/USD sliding from 1.1930 to
1.1875 and straight back to 1.1930 when the error was realized and reversed.
The FX market has fully priced in the Fed hiking twice more to 5% and this has
left the USD vulnerable to any evidence that does not confirm that outlook. That
was the reason for stronger than usual "sell dollar" reaction to the weaker than
expected Univ of Mich survey on Friday. This week the key events will be the
FOMC Minutes on Tuesday, CPI on Wednesday and a number of Fed speakers Thursday
(Dallas Fed Pres Fischer) and Friday (Bernanke and St Louis Pres Poole). If
expectations of two more Fed hikes are dampened by any or all of the above
mentioned events, the EUR/USD should take out key resistance around 1.1950 and
make tracks towards 1.2020.
 
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