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Trader Tracker

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EUR/JPY: Nasty turnaround catches shorts unawares

Posted on - October 23, 2014 7:29 pm (Australia/Sydney) | 0 Comments
The early EUR sell-off into early Europe had me thinking I was right only for the PMI numbers to set off a batch of very nasty short covering. There were obviously plenty of trailing stops above 135.80 in EUR/JPY judging by the speed of the move through there. Next resistance is nearby at 136.25/30. If […]

NZD falls heavily after CPI data

Posted on - October 23, 2014 9:35 am (Australia/Sydney) | 0 Comments
Q3 CPI came in at 0.3% QoQ which was well below expectations. The NZD/USD is 100 pips lower since NZ opened this morning. Next support levels are around .7820 and I’m sure there will be some stale shorts out there who will be availing of this significant dip.

Trade of the Day, Thursday October 23rd: Looking to sell EUR/JPY

Posted on - October 23, 2014 8:20 am (Australia/Sydney) | 0 Comments
Markets are still pretty choppy¬†and there don’t seem to be any dominant factors influencing the major currencies. Commodities remain influential, with the oil market still looking nervy (and likely to affect Yen crosses) but Gold trying to form a significant base; Bond markets haven’t had much information to go on and are in holding space […]

AUD/USD: Cutting long position due to lack of activity

Posted on - October 22, 2014 5:55 pm (Australia/Sydney) | 0 Comments
I’ve been long all week and the market is 30 pips higher! My general market timing has been very poor in recent weeks so I’m exiting this trade and will reassess. This is a ‘hope’ rather than ‘conviction’ trade and they usually turn sour in my experience. I’ve really got no strong views so back […]

Plenty of big data releases today, Wednesday October 22nd

Posted on - October 22, 2014 7:20 am (Australia/Sydney) | 1 Comment
Australian CPI is expected to increase at a rate of 0.5% QoQ. The AUD/USD is consolidating in a 50 pip range around .8800 and I remain of the view that a bullish break is more likely. AUD/JPY is also stuck in neutral after some bullish/bearish events in recent days. Bank of England minutes from the […]
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