Obviously much will depend on the FOMC language but ‘risk-off’ sentiment remains dominant in the FX market so I’m still tending towards the view that we will […]
The return of large EUR/AUD buying was very interesting and we have to wait and see whether this was a one-off event or not. AUD/JPY remains heavy but […]
Heavy protection of 1.3400 barrier was eventually chewed through and quiet consolidation at that level is now a bullish sign. Demand on the crosses also returned with more […]
EUR/USD selling likely to be very heavy ahead of 1.3400. GBP/USD bids look to be very solid near 1.5660. Plus I’m overall bearish on the cross and have been […]
Well there isn’t but with the giant panda reportedly defending a double-no-touch structure it seems prudent to be short above 1.3350 with an obvious stop above 1.3400 and a […]
Like I mentioned earlier, the stops are in the right place with solid bids at 1.5660 keeping them safe for now.
I’ve taken my loss in AUD/JPY and it would not surprise me if my stop-loss level at 89.83 turns out to be the low! No matter, gotta put your […]
I still like the cable a bit higher overall but dealers seem to be of the opinion that the short-term market is a bit overly long and we may […]
My old mate Jim Langlands at FX-Charts sees a bearish set-up in EUR/AUD and you can also follow the updates on his trade ideas via Twitter on
The Guru has gone long at .9512, referring to a ‘significant’ buyer close by and FXWW888 is reporting a buy recommendation from Morgan Stanley at […]
The cross has briefly broken below 90.00 but has been unable to maintain those gains. I’ve increased my long position here at 90.15 and will still stop out below […]
The usual 20/25 pip noise after the RBA minutes came out exactly as expected; nothing tradeable here. AUD/JPY at 90.00 is still the big level to watch with stops (mine […]
You can click through here and read my full opening comments on FX Street.
The big level for me is 93.40 in USD/JPY; this is where the big 1000 pip launch began after the April BOJ meeting. I don’t mean that this level […]
I got stopped out of my AUD/USD longs at break-even and am still running a much smaller AUD/JPY long with a stop below 90.00. The big risk event for […]
Here’s a link to an excellent summation of the choices (or lack of) which now face the Fed.
I’m surprised by the big over-reactions we are seeing to any comments whatsoever regarding the Fed meeting tomorrow. The FT article caused a massive flurry of activity, and this […]
I don’t like running much risk overnight and even though the market is totally dead, I’m still wary of another attempt to get to 93.40 in USD/JPY pre-Fed. I’ve […]