GBP Trading Outlook Archive

Most of the big stop-loss sell orders seem to have been done already in pairs like AUD/USD and EUR/AUD. Modest bids are reported at .9200 this morning.

Plenty of stop-loss sell orders are being reported below .9270. Prime broker reports suggest that the professional trading market is short of AUD/USD but probably comfortably so at present.

Talk of sizeable stops above 94.50 in AUD/JPY but otherwise the ‘orders’ grapevine is quiet. Decent bids in USD/CAD at 1.0450 also worth watching.

Strong bids reported yesterday .9410/20, likely Sovereign interest, and I’m presuming that these orders are still live.

Strong bids reported .9410/20, likely Sovereign interest. We can also expect there to be plenty of sellers near .9520/30 and trailing stop-loss buy orders above .9535.

Plenty of large flows reported on the crosses yesterday with a definite sell bias across the board. Good bids reported around .9410.

Real money funds expected to buy AUD/USD near .9550 with more bids reported near .9535. I think it’s also very likely that there will be trailing stops in reasonable size below .9510 but I have no confirmation.

Real money funds expected to buy AUD/USD near .9550. Macro funds reportedly selling above .9675.

Plenty of conflicting flows with the sellers coming out marginally on top. Looks like many big players are looking to sell the AUD on the crosses, especially against the European currencies, but real money bids in the AUD/USD will be very solid below .9550.

Real money bids reported near .9600 and more expected directly below.