Category in Flows and Orders

Trader Sentiment & Positioning, week ending Aug 25th: GBP and NZD are trades of choice

GBP: Fairly consistent positioning amongst both the professional and developing traders, with short GBP the favoured play. Whilst sentiment is certainly bearish, commitment is lacking somewhat at present and positions will be ending the week down by around 50% since Monday. NZD: Almost 100% consensus amongst funded traders, from both professional and developing communities, with

USD/JPY: “Follow the Money” suggests downside risk for USD/JPY ahead of BOJ meeting

There has been a perception in the Asian market for decades that the big Japanese corporates somehow had the inside rub on major policy shifts by the BoJ. The idea being that hedging amounts tended to increase or decrease significantly in the lead up to major meetings. Next week’s meeting is looming as a major

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

EUR/USD: Barrier protection ahead of 1.3150

There have been some reports in the last few minutes in the FXWW chatroom of decent-sized selling flows in EUR/CAD and of strong bids ahead of an expected 1.3150 barrier in EUR/USD. There is an increasing expectation that the ECB will roll out some special easing measures as early as next week and that is fuelling

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