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Forex Flash: Hack attack good test of the positioning of the markets - Societe Generale

FXstreet.com (Barcelona) - After the hack attack on the AP’s Twitter Account, Sebastien Galy, currency analyst at Societe Generale, thinks "it will prove a good test of the positioning of the markets."

"You now have the sensitivity of the markets to a large negative (fictitious) shock, from which to deduce the positioning of the market (USD was bid, SPX gapped 1% lower and VIX higher…)" he said.

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Session Recap: Euro trades below 1.3000 again; USD advances

The Euro traded lower on Tuesday weighed by a bath of disappointing PMI data across China, Europe and the United States. The EUR/USD is trading below the 1.3000 after an attempt of recovery that was capped at 1.3030.
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