EUR/USD Stalling Sees ‘Buy’ Stops Start to Layer on Top: Traders
2015-07-05 19:30:16.585 GMT
By Michael G. Wilson
(Bloomberg) -- Buy stop-loss orders are building above
1.1060, according to Asia-based FX traders.
* Bulk of orders between EUR5m and EUR50m, totaling EUR500m
* Clients note the heavy bias in market positioning and lack
of follow-through since initial reaction
* EUR/USD down 1.1% at 1.0990
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
* Information from trader who asked not to be identified
because person isn’t authorized to speak publicly
To contact the reporter on this story:
Michael G. Wilson in Sydney at +61-2-9777-1292 or
mwilson176@bloomberg.net
To contact the editor responsible for this story:
Ven Ram at +65-6212-1157 or
vram1@bloomberg.net
2015-07-05 19:30:16.585 GMT
By Michael G. Wilson
(Bloomberg) -- Buy stop-loss orders are building above
1.1060, according to Asia-based FX traders.
* Bulk of orders between EUR5m and EUR50m, totaling EUR500m
* Clients note the heavy bias in market positioning and lack
of follow-through since initial reaction
* EUR/USD down 1.1% at 1.0990
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
* Information from trader who asked not to be identified
because person isn’t authorized to speak publicly
To contact the reporter on this story:
Michael G. Wilson in Sydney at +61-2-9777-1292 or
mwilson176@bloomberg.net
To contact the editor responsible for this story:
Ven Ram at +65-6212-1157 or
vram1@bloomberg.net