UK clearer buying EUR/CHF, hedge funds buy as well
I’d ignore all Friday afternoon rumours which usually tend to be utter rubbish.
Facts are that a UK clearer along with some of the bigger hedge funds have bought a chunk in the last hour of trade. They might be exiting remaining shorts, after the stop-loss run last night or they might know something we don’t! What I will say is that its unusual for big players to trade EUR/CHF in this timezone as the liquidity is quite poor compared with European trade.