USD/JPY: Still looks likely to test important levels at .9340 and below
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 […]
AUD/USD: Range trading favoured
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 […]
EUR/USD: Starting to exhibit some signs of strength
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/GBP: Makes sense to try a small short trade
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 […]
EUR/USD: If there’s any such thing as a ‘safe’ trade…..
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 […]
Cable: Good bids at 1.5660 keeping stops safe for now
Like I mentioned earlier, the stops are in the right place with solid bids at 1.5660 keeping them safe for now.
AUD bottom pickers: Time to admit defeat
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 […]
Cable: Stops reported below 1.5660
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 […]
EUR/AUD bearish set-up
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
AUD/USD: Decent support reported near .9500
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 […]
AUD/JPY: Trying hard but support still holding
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 […]
AUD: Not much reaction after RBA minutes
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 […]
Asian market open
You can click through here and read my full opening comments on FX Street.
USD/JPY/EUR: The three ugly sisters
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 […]
AUD: No surprises expected from RBA minutes
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 […]
Excellent piece on Fed tapering from Nomura
Here’s a link to an excellent summation of the choices (or lack of) which now face the Fed.
Market getting very nervous ahead of Wednesday’s FOMC
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 […]
AUD positioning: Reducing again for overnight trade
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 […]
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