- See more at: http://blogtimenow.com/blogging/automatically-redirect-blogger-blog-another-blog-website/#sthash.CpFtWfic.dpuf Traders digest: EURUSD

Saturday, 22 September 2012


Week summary or orderflow. There was a large hedgefund seller at 1.3010 earlier this week alongside a US investment bank who was seen selling sizeable amounts at 1.3000, reported here during early European session. Earlier today we had a run up  on stale longs trying to exit their long positions according to traders which was further boosted by talk of middle east usual buying. 1.300 is a critical level. Goldman sachs took profit after earlier moving stop to 1.2880 probably because of the spain talk which will likely be the market focus in the near future. I talked to a friend who trades for a goldman sachs and is very bearish on the pair as sees continued weakness of the pair. They earlier posted a 3month forcast target of 1.2500. Morgan stanley went long at 1.2990 with stop at 1.2890 with target at 1.3400. Next week focus is on the physichological pivot area of 1.3000 where market needs to stay above to maintain any bullish momentum, fast money reportedly flipped short on the break below 1.2963.

Overall there is a general feel of bearish institutional positioning and will be only negated if market trades above 1.3080 again. Sell orders still sizable between 1.3050/3100 area encase we get that far up. Goodluck in the week ahead and will keep you posted on instituitional intra-day orders.

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