Category in Flows and Orders

Next levels to watch in major pairs

Nice way to start the session, having picked the ding-dong in the AUD/USD. One bank is reporting decent-sized buying interest at 1.0430 and another is reporting heavy stops below 1.0425. Maybe they will both be right. The EUR is holding up well, trading just below session highs with strong Fibo resistance still intact at 1.2935.

EUR/GBP: Bids/offers noted

Good two-way interest in the cross heading into the European open, with sell orders close by at .8010/15 and strong bids noted near .7965/70. All 4 bank reports that I’ve read today are bullish on this cross in the medium term, with expectations of a monthly high ranging from .8100 to .8230. Usually when all analysts are leaning one

AUD/USD: Getting boost from iron-ore price rises

Comments overnight from Premier Wen that China has scope for further stimulus have boosted the iron ore price yet again and this has encouraged more AUD/USD short-covering. Where have all last week’s bears gone? Initial resistance comes in on the daily chart near 1.0550. High so far 1.0480. Sell orders reported at 1.0505/10. Click here

Interbank and Prime Broker positioning update: Cable set for some profit-taking?

EUR shorts at lowest levels in 1 year. USD shorts increased to near record levels (only 5% of time is market running shorts of this size). GBP longs also reaching record levels. JPY positioning flipped from long to short in last 2 weeks as market piles into crosses like EUR/JPY and GBP/JPY. (Information sourced from

Interbank flows and orders: SNB expected via Dutch PB

EUR/USD: Picking up plenty of selling interest now above 1.2820 with light bids starting at 1.2770. Plenty of activity today with ACBs, real money and macro funds all active. Expect to see SNB selling EUR in early European trade through Dutch Prime Broker. AUD/USD: Bids near 1.0330 and offers above 1.0425 should ensure range trading