Category in Flows and Orders

EUR/USD: Professional market still looking to sell despite Greek debt extension

Most of the research and trade strategies that I’m reading this morning from banks and professional traders shows that nothing much has changed despite the 4-month debt extension. Traders are still very much in sell-rally mode. The big levels to watch topside would seem to be around 1.1550, as a break above that will have

NZD/USD: Orders reports suggest ‘buy-dip’ intraday strategy

AUD/NZD: There are still reports of large stops below 1.0920 and a quick look at your charts will explain why they are there; AUD/USD: Solid corporate bids are reported near .9230/35 with more optionality at .9200. Sounds like a ‘buy-dip’ intraday strategy could pay dividends in NZD/USD and strong technical support at .8400 should attract

USD/JPY: Hedge funds main driver behind recent rally

It’s getting increasingly hard for professional traders to generate any returns in these markets and it’s no surprise to see hedge funds clambering once more onto their favoured USD/JPY long trade in the hope of a developing trend. The clever ones bought in around 101.00 when the stops were being triggered and the Japanese semi-official