update

offers into 1.30000 in eurusd, stops in cable below 1.59000

audcad

macro-funds seen selling audcad near 1.0250

twitter account

follow me on twitter- @norumaina

market orders

Very large offers in usdjpy at 80.00 bids from sovereigns in cable and audusd at 1.5970 and 1.0290s respectively. Stops building up below 1.2995 and 1.2990 in eurusd

eurchf

there is some chatter about eurchf... probably if you are a dollar bull bull, maybe thats some greenlight to buy that usdchf... but in any case, an unusual name was seen buying pretty heavily at 1.21000. there were institutional bids towards 1.2050... just thought i should mention it

eurusd

decent sized offers ahead at 1.3060/80

EURUSD

This chart explains a lot on eurusd story institutional traders. Chinese central bank was seen selling above 1.31000. ACBs were reportedly aggressive buyer of eurusd at 1.3080 and a sovereign was also seen buying near 1.3050, all linked to USD recycling by central banks protecting their local currencies. Currently we are above resistance level at 1.2996 area where there was a broken counter-trendline, stops were seen gathering below 1.2990. If we firmly break below 1.2990 we might have a short-term top in place since the earlier breakout higher would have been invalidated. Bids were at 1.30000/5. Resistance is up at 1.3080 ahead of stronger resistance at 1.3150/70

Real money funds buy orders at 0.8150. Solid buy orders at 1.3010, offers at 1.3080/00 ahead of more offers at 1.3120. Sovereign buying seen into 1.3050(linked to usd recycling)

eurusd

sell stops in eurusd through 1.3050 and bids currently being filled at 1.3060

euraud

swiss name buying euraud from recent lows