EUR/USD/Flows and Orders

EUR/USD: Stops done below 1.3095, next line of bids reported at 1.3070

The squawk boxes are fairly quiet so far this session and flows seem to be quite light still. Those stops below 1.3095 have had a target on their back since this morning and the target has finally been hit. Next level to watch is around 1.3070/80 where the bids are reported to be ‘decent’. AUD and GBP haven’t really followed the EUR/USD lower so it looks like a pure stop-loss exercise.

  1. hi sean, any major players in yet? sovereigns, china or acbs. had heard longterm hedgefunds were bidding usdcad below 0.9700 and i went long at 0.9664

  2. Not hearing anythg at all Maji, the squawk boxes are very quiet. ACBs and China haven’t been spotted to my knowledge, India and Russia are always doing somethg in early Europe but nothing special today.
    The only flows of note that I’ve heard were macro funds and real money players selling USD/Asia a bit earlier

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