Friday, July 30, 2010

Stopped Out of AUDUSD, Month-Ending Flows Disrupting Market Rhythm

Some very odd cross currents in the markets this morning with lower equities, and lower dollar, most likely attributable to month-ending flows. Usually these flows are one-time hedging kinds of business, and do not fit in the typical intermarket rhythm. We were stopped out of the last piece of AUDUSD to be flat into the close of the month. Back with you Monday

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