GBP Trading Outlook Archive

ORDERS & FLOWS: Heavy trailing stop-loss orders from hedge funds are reported through .9340.

ORDERS & FLOWS: Most of the big order levels were tested yesterday but the fact that we have closed back above .9250 suggests that the buy orders were bigger. Not hearing many reports this morning so the big ammunition might have been spent already.

ORDERS & FLOWS: There are big orders either side of the AUD/USD which are ensuring the present range-trading mode; option barrier protection ahead of 0.9150 is expected to be very firm and hedge funds are selling just above 0.9250. Stop-loss buy orders are expected above… Read more

ORDERS & FLOWS: There was very heavy turnover yesterday in the AUD/USD with hedge funds selling billions and central banks taking much of this off their hands. The speculators have the upper-hand in the short-term but the central banks might be giving us the more… Read more

ORDERS & FLOWS: Sovereign names including some big central banks were noted buyers of AUD/USD yesterday when it broke below .9500. Real money names were also noted buyers but this buying was offset by the AUD selling against the EUR.

ORDERS & FLOWS: Asset managers have been dumping AUD/JPY indiscriminately, which is typical of a panicked market. Big AUD selling has also been reported against the EUR with one local Australian bank reportedly working through some AUD20 billion in sales against the single currency.

ORDERS & FLOWS: Obviously the market isn’t yet finished with its AUD selling and macro players were again noted sellers particularly against the JPY. There is talk of barrier protection ahead of .9500 in AUD/USD which could provide some support.

ORDERS & FLOWS: Heavy trailing stops were triggered above .9700 last night and this level is likely to provide solid support on any dips.

ORDERS & FLOWS: Not much to report this morning, as usual on a Monday. US investment houses were large sellers of AUD/USD above .9650 on Friday morning and they are still expected to be selling near there.

ORDERS & FLOWS: Heavy end-of-month turnover is expected today and most reports suggest that it will be mainly AUD-negative. The market is short in anticipation of these flows and if they don’t eventuate, watch out for some sharp short-covering rallies.