Sometimes I’m just not sure whether to tell ya stuff….

Why give some pillock ammunition to have a pop at me when market goes in opposite direction to what I’m hearing.

Anyways, after some thought Ive decided to pass on some scuttlebutt regarding the aussie.

There is talk in the market that a UK clearer has a huge interest to buy AUD/USD. Talk has it that the amount could be upwards of 6 yards.

There are two theories. One, the interest is related to insurance coverage for the flooding. Two, bank is covering very large short possie.

There, so now you know. Do I trust this particular piece of scuttlebutt. Not really, to be honest. But the talk is out there. Make of it what you will.

AUD/USD is presently trading slightly lower, down at 1.0030 from earlier 1.0067 session high.

UPDATE: As soon as I sent comment source popped up and told me US names seen bailing out of AUD in recent trade. There, everything’s now as clear as mud.