Nice daily summary Cheetah, good to see Im thinking along the same lines as you
I too didnt take the 'pegging the CHF to the EUR' too seriously, guess we were wrong. Their repo and libor rate cut could also be slowing the inflows into the CHF.
Looks like their was some unwinding from shorts on the bearish unemployment news in the AUD .Forexlive also reported bids by china right after the news. A quite Euro session plus the carry trade factor resulted in the AUD and NZD rallying. Those chinese do know how to set up the crowd, while they wait to buy at the bottom
JPY, report of large option at 76.00 keeping the pair up, plus speculators trying to get a free ride from possible BoJ intervention providing plenty of bids for the JPY.
I too didnt take the 'pegging the CHF to the EUR' too seriously, guess we were wrong. Their repo and libor rate cut could also be slowing the inflows into the CHF.
Looks like their was some unwinding from shorts on the bearish unemployment news in the AUD .Forexlive also reported bids by china right after the news. A quite Euro session plus the carry trade factor resulted in the AUD and NZD rallying. Those chinese do know how to set up the crowd, while they wait to buy at the bottom
JPY, report of large option at 76.00 keeping the pair up, plus speculators trying to get a free ride from possible BoJ intervention providing plenty of bids for the JPY.