Morgan Stanley Exits EUR/USD Position, Looking To Re-short | Forex Factory

  • Morgan Stanley Exits EUR/USD Position, Looking To Re-short

    From efxnews.com

    Morgan Stanley exits it short EUR/USD position from 1.3290 after moving its stop to 1.3130 on Monday. This comes in line with the bank trading strategy for the last 6 months which made it known as a permanent euro bear. It becomes a recurring play for Morgan Stanley to sell the EUR/USD, exit after modifying its stop, and then re-short at a slight rebound. For example back in late February, MS established a short EUR/USD position at 1.3300 with 1.2390 target and 1.3460 stop. In less than 24 hours, the trade hit its stop and MS was looking to re-sell at 1.3580 for 1.3110 target. Now, MS is looking to repeat this short ... (full story)

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explorer101
Apr 18, 2012 1:04am
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Quoting Dr. forex
The US is out of economic releases today so it's a day for USD to go up.... don't even read this kind of news.... whenever you are confused go back to your charts.
take note how the parasitic lives..
when risk appetite is strong:

US negative data: Euro goes up
US positive data : Euro goes up

it may drop 100pips..but it booms to north 200pips
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Elnukeda
Apr 17, 2012 6:02pm
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Big boys mislead atimes
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Dr. forex
Apr 18, 2012 12:22am
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The US is out of economic releases today so it's a day for USD to go up.... don't even read this kind of news.... whenever you are confused go back to your charts.
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polbanda
Apr 17, 2012 4:33pm
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what the f*** is that
big player show his trades?
smells like a crap
maybe we dont havo to use a chart. lets all of out show our bets and we dont need a chart ...
lol
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jonahky7
Apr 17, 2012 4:32pm
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This news is wrong! Morgan Stanley got squeezed in it's short as eur went up to 1.3487 n ms stated their stop loss was .346. This article got its facts fking wrong n misleading! If ms short I will long - their have screwed up 3 times already maybe this well be their fourth!
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khan444
Apr 18, 2012 3:47am
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According to technicals i think next week euro will break recent highs.
if u guys just check it for 3 to 4 month euro is playing in 400 pips range
which is 1.3000 to 1.3400... so guys put a stop @ 29.50 & go long on euro target
1.3300...
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e585009
Apr 17, 2012 5:16pm
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time for USD to drop back to 72.00 on DXY
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falwic
Apr 17, 2012 4:28pm
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a bite... no one really show their bets or hedge funds gonna burn em.
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dr khan
Apr 17, 2012 4:08pm
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this type of news is nothing but a game to create fake sentiments. beware of this news source
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eFx Newz
Apr 17, 2012 4:57pm
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@jonahky7---That's exactly what the story is stating: MS got stopped out from their Feb's EUR/USD short position at 1.3460. please read the 5th and 6th lines carefully.
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jonahky7
Apr 17, 2012 5:18pm
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Lol I only read 4 lines... Had enough of ms => fail! I rather follow Goldman Sachs to lose then follow Morgan to hell!
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Trader#13A3
Apr 17, 2012 10:29pm
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better take eur/chf buy setup, if 1.2 hold the next stop should be around 1.285
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Trader#C85E
Apr 17, 2012 11:34pm
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What this really means is that we should buy EUR/USD, wait till tomorrow and see.
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