GBP Trading Outlook
ORDERS & FLOWS: No sign of any Sovereign buyers in the AUD/USD overnight but dealers still expect them to show some interest on any big dips towards 1.0000. Most of the big orders were cleared out in yesterday’s volatility.
ORDERS & FLOWS: Solid sell orders are reported in AUD/USD 1.0220/30 with stops above 1.0235 whilst the downside is similarly firm with Sovereign and corporate bids reported ahead of 1.0100.
ORDERS & FLOWS: The very heavy bids (including some notable Sovereign names) at 1.0220 proved too big for the bears and a nasty rally ensued when the shorts tried to cover after the NFP. Sell orders were reported on Friday starting at 1.0330 but no word yet on whether they are still live or not.
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