BNP

BNP: Plan For 'Massive Selling Pressure' And A Surge In 'Risk-Off' If Cyprus Doesn't Pass The Deal

CYPRUS

CYPRUS PARLIAMENT SET TO REJECT BAILOUT PLAN: GOVT SOURCE

FLOW

Hedgefund selling seen in usdjpy at 95.50 and 95.00. Strong bids in eurgbp seen at 8550/60 area. Semi-official buying in eurusd noted near lows

TALK

RUSSIAN TRADERS CHATTER THAT CYPRUS PLAN B INVOLVES MILITARY (This is starting to sound ridiculous

RETURN OF THE EURO BULLS?

Friday saw some interesting new players come on board into the bull bandwagon and they moved a few things around.. by the way, learnt that it only takes 250million euros to move the market :-O .. so much for all the BS i have been fed so far. Any way, China (the vicious panda) was seen buying it near 1.3000, market made several attempts but failed to push through which saw some big hedge funds joining on the buy side. Leveraged funds were also seen buying eurjpy.. went up a little before optionality(as traders reported) played and resulted in yen purchases that pushed it much lower( was whammed in this one :'( )... Hedgefunds were also seen buying into 8600 in eurgbp after a failed attempt at it (lucky goldman sachs, I do know they have a long from around 8500 ;-) ).. BIS was a notable buyer towards 1.2900 said to have been dealing for a central bank defending the level(likely asian) for now we wait to see how the market unfolds on Monday before speculating any further.. Large bids were reportedly seen still at 1.2900 on EBS on friday... but Euro indeed has seen interesting players and for now 1.3000 is a key level, hold above might see it push further... Enjoy your weekend

UPDATE

Real money notable dip buyers in gbpusd,eurgbp and audusd... Hegdefunds seen selling eurchf in decent size

APPRECIATION

Thank you for the consistent visitors. Kindly share with friends. Thank you and have a lovely weekend :-)

GOLD

Pre-NFP chart.. consolidation

MARKET TALK

Talk of british banks downgrades to happen today.
Talk that ElringKlinger to cut jobs in France.. ooh boy.. tough times

FLOW UPDATE

Fund buyers seen in usdjpy during asia and also fund selling in audusd. Said to have been some RBA commercial selling interest around 1.0300 as well.. stops above 1.0310. NFP results expected today

ORDERFLOW FINDINGS BY BIS

http://www.bis.org/publ/work405.pdf

EURJPY

Fund buying noted near lows

EURUSD

EURUSD  shoots higher on rumoured  very good Spanish sale result

USDCHF & GBPUSD

Real money heavy buyers below 9400... Fund seller seen in gbpusd above 5100

USDCHF

Real money main buyers in usdchf

USDCHF

Real money main buyers in usdchf

GBPUSD

Selling interest at 1.5200/20 from macro-funds

EURGBP

Hedgefund and european corps buying interest noted near 8600/8590

AUDUSD

Hedgefund selling interest noted near1.0300