These players seldom if ever show up during the Asian session but they can be exceedingly busy during European trade. We often read reports from Gerry and Joe about the big stoushs that take place betweem them and The Russian, and its usually fun to watch.
I believe that the ME Sovereigns are net buyers of cable at present and they are buying heaps on any big dips towards 1.5600 but then are also offloading some of these purchases on rallies back above 1.5700. That’s the advantage of having a big book, it makes trading easy sometimes.
