Flows and Orders

Cable: Option players still ruling the roost

Cable is being dominated on all timeframes by big Sovereign players and also option plays. I hear the option players are still active, with bids solid around 1.6035/45 and sellers ahead of 1.6150.

  1. are the bids at 1.6045/35 still there? no significant bounce yet… btw, cable and eurusd both sold off exactly where china was selling last time

  2. I think this matter of interest rates being “widely” discussed has helped the euro slide together with the pound.

    Pound doesnt stay in a vacuum, trade figures were bad.However german data good as well as handful of PMI’s from europe.

    I think a slide is in order for cable? Please let me have your thoughts. Thanks

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