update

offers into 1.30000 in eurusd, stops in cable below 1.59000

audcad

macro-funds seen selling audcad near 1.0250

twitter account

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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

eurusd

large middle eastern central bank seen selling eurusd. Bids at 1.3080, decent sized offers at 1.3150/70 ahead of buy stops above

eurusd

Large middle eastern CB seen selling eurusd. bids from sovereigns(Recycling) seen into 1.3080 which is also a support zone. Large offers seen circa 1.3150/70

cable

cable running into offers near 1.6175 from macr-funds. but still above resistance at 1.6160

audusd

Macro-hedgefunds said to have been selling between 1.0280/350 area past few days. Large stops now above 1.0350

eurusd

offers at 1.3150/70 are reportedly decent sized. area also is a strong resistance with possibly buy stops above

info update

decent sized sell interest in eurusd at 1.3150/70... decent sized stops in audusd above 1.0350

audusd

Middle east seen selling audusd

eurusd

european semi-official selling eurusd as well near 1.3000

info update

Middle east seen selling cable in recent trade ahead of more offers from real money funds at 1.6135. Asian sovereign seen selling eurusd circa 1.30000

GBPUSD

Asian accounts seen selling cable earlier today

EURUSD

Central bank offers seen into 1.3000 area in eurusd

US name seen earlier in asia making large eurjpy sales. Spec offers ine eurusd at 1.2960/50 area. Large Corp offers in eurusd at 1.3000 area. Large offers in usdjpy seen circa 78.80/00. Sovereign selling interest in cable seen circa 1.6100 alongside US funds 1.6050 area

orders

Sovereign bids in cable are at 1.5950 decent sized. CTAs offering into audusd circa 1.03000

audusd

Macrofunds offers at 1.0280/350

eurusd

French name sold 1billion$ eurusd during asian session circa 1.2870

orders

Semi official alongside Asian account seen shorting into the highs. US names sell orders seen towards 250

gbpusd

Stops through 1.5995 in cable ahead of solid bids at 1.5950

update

M/E and ACB seen buying eurusd near lows. Sovereign interest in buying cable also seen near lows

audjpy

Japanese banks sell  orders at 80.30/50

eurusd

real money offers at 1.2990

orders

ACB buying audusd and gbpusd near lows, strong sovereign interest to buy cable seen at 1.5950 and eurusd from reserve managers at 1.2915. offers from real money funds at 1.0250

Semi-official seen buying into the dip in eurusd alongside an ACB. Real money and ME buy orders seen circa 1.2950. Offers at 1.3010. Stronger offers circa 1.3050

Orders

Macrofunds offers in gbpusd seen circa 1.6170/90 area. Bids from Sovereigns in eurusd seen at 1.2950/60 area. Offers from swiss names circa 1.3010/30

Currencies report

AUDUSD:  There was large sell off towards closing hours from 1.0260s to below the major support at 1.0165. It however reversed during the final minutes before market close to close above 1.0165. Pair remains bearish especially now because it broke through a very major support level. Below that level risks a quick 200pip drop to below parity. Offers from macrofunds still solid between 1.0280/350 level and might to hold off bullish pressure. Bids from sovereigns were filled easily at around 1.02000 level and the pair dipped circa 50pips below the level. Global financial conditions still favor downside for the pair alongside  continued European woes.

GBPUSD: Bids from Middle east sovereign name notable circa 1.6025/55 area. Sell stops from CTAs seen through  break of 1.6075 level. ACB was seen offering above 1.62000. The level is pivotal for the pair as above that targets 1.6250. Light offers seen circa 1.6230 with technical resistance circa 1.6260/70 area, an area where china had earlier short at.

EURUSD. Pair rose above 1.30000 being mainly pushed by an ACB alongside US custodial names. Dutch names and Real money funds were seen shorting into the rally but break of 1.2970 triggered a round of CTA buy orders helping push the pair to hit stops above 1.3010. Barclays reporting that there are offers between 1.3030/80 on their order books. Below 1.3000 will be bearish for the pair. Above 1.3000 will likely help continue the bullish trend on the pair. 

JPY crosses saw a bit of profit taking on Friday after BOJ failed to announce additional easing. Flows from very major US and Swiss banks had been seen on Thursday helping push the crosses up.Semi-official bids seen into 78.25 with decent sized offers reportedly at 78.70 in usdjpy

AUDUSD

My suggested trade idea, medium term. short audusd between 1.0280/1.0350, with stop above 1.0410. Macrofunds as well have solid sell orders in that region

eurusd

US custodial name seen buying dip below 1.3000

gbpusd

ACB sell order 1.6200/20

eurusd

Real money and dutch name offering into eurusd circa 1.2990. CTAs seen buying break above 70 helping push it to 90s

HEDGEFUNDS

Some of the bigger FX hedge funds have not had a great year and with only 3 months left, they are  keen to find that unique trade which will save their bonuses. One of the biggest prime brokers is saying that short AUD might well be the trade of choice with USD, EUR, and GBP seen as the likely counter currency.-

CTA analyst Matthw Bradbard on GOLD

"December gold continues to stall around the $1780 level …some people say taking a breath before the next leg higher, but I am thinking the opposite. For a healthy bull market to be sustainable, we must see some back and fill. My prediction remains the same -- a trade under $1700/ounce in the coming weeks. $35 continues to cap December futures in silver, as prices have yet to breach that level on a closing basis after three weeks of attempts. My first target when prices start to roll over is $33.75, followed by $32.40 …trade accordingly." alpha

update

Hedgefund/SNB offers into 1.2950. US custodial names seen buying jpy crosses most likely tiggered by recent Japan finmin comments. Decent sized offers lined up against 1.2970 with large stops above 1.30000 and below 1.2800. Uk clearers offering into gbpusd circa 1.6230/40 area

JP MORGAN

JP mORGAN: Waiting for break of 1.3275 and 1.2775 for entries targeting with targets as 1.3487 and 1.2607 as first targets

Trade idea from goldman sachs

Goldman sachs trade idea: Buy 1mth EURAUD put 1.24 strike (18delta). TKO cut. 19.6bp. 7.2v. Spot Ref 1.2595

 Stanchart went long USDCAD with tp at 1.0050

NZDUSD

large stops seen in nzdusd below 0.8180

EURUSD

A european investment bank had adviced its customers to go for short-term targets to avoid getting caught up in a fight between to very large central banks on opposite sides, one seen buying and the other selling. An asian central bank has been a notable buyer below 1.2890 with selling pressure coming in from above 1.2940. BIS has mostly been trading both sides of the range. Large stops now accumulating below 1.2875

AUDUSD

AUDUSD: Macrofunds are still selling near lows with local banks buying into the dip. More bids are seen below at 1.0180/60 level. Market likely pricing in probability of a second rate-cut

gbpusd

China trade posted here from 1.6260 now 170pips in profit. Those i chatted with during the trade, i suggested they try and book profit in stages while maintaining a 20pips stop from the entry as i honestly thought they were going for a swing trade as they had aggressively done on a long from 1.57000. Real money and asset managers remain dip buyers with specs mostly shorting into rallies likely suggesting short-term bearish trend might continue and long-term bullish.Middle east bidding between 1.6180/00 with offers up at 1.6230/40 and more from UK clearers at 1.6280/00 level

Stanchart bank goes long usdcad around 0.9860s with target at 1.0050 almost exactly where JP Morgan had priced its fair value at

eurgbp

decent sized sell orders around 0.8020 in eurgbp. large stops above 0.8030

eurusd

ACB seen offering into recent eurusd high alongside flows mainly from the US

cable

Middle east buying cable offlows

credit suisse, buy cable 1.6105, stop 1.6066, tp 1.62xx

eurusd

Semi-official buys eurusd off lows again

eurusd

Some US led sales seen below 1.29000. demand seen at 1.2890/80 area where sovereigns were buying yesterday, more towards 60. one european investment bank has bids at 1.2870

usdcad

Corporate offers seen into 0.9860s in usdcad.

gbpusd

Swiss names on the offer in cable.

US investment bank notable eurusd buyer earlier at around 1.2900 alongside ACB helping absorb large US led sales earlier today. Buy stops above 1.2960 with offers between 1.2940/50. more offers around 1.2990/00 area

eurgbp

Middle east selling eurgbp

GBPUSD

Middle east seen buying cable near recent lows

Asian soverign seen buying eurusd near lows into the 80s alongside a semi-official

info update

Real money seen bidding audusd circa 1.0300 alongside an ACB(not large bid), orderboard light so it might still try lower. An ACB seen selling gbpusd near highs decent sized.

audusd bids from sovereigns and swiss names filled at 1.0300/10. stops seen below 1.0290

decent sized bids in gbpusd seen at 1.6070

eurusd

semi official on the offer near recent highs

info update

Investment bank advising their clients to avoid getting caught up in the fight between two large central banks trading on both the buy and the sell side. I think it would be best to go for shorter term trades. Meanwhile, hedgefunds have been consistent sellers today. BIS picked a few around 1.2840s on the buy side

info update

Hedgefunds and model accounts sellers into the eurusd rally, BIS and ACBs buyers circa 1.2840s

audusd

AUDUSD: sovereign bids seen into 1.0310/00 area

info update

offers seen at 1.2860/80 more at 1.2900 and at 1.2940, demand seen at 1.2770/50 area. Macro funds notable sellers of eurusd today alongside audusd.