EUR/AUD on the march higher again
I’m not sure if its the same player or not who hoovered this pair up earlier in the week but once again we are seeing a sharp rise early […]
Pretty hard to pick any ‘easy’ trades but risk-off dominant sentiment
Risk off sentiment has definitely been the predominant factor in Asia trade over the last two days. The Nikkei had risen by 80% since early November so I guess […]
AUD/JPY: Down 125 pips from this morning’s open
This pair is really starting to follow technical rules and is worth following for further signals. This morning’s open at 99.50 was at a very strong resistance level and […]
Time for small and nimble positioning in FX markets
Yesterday’s moves showed us yet again how unpredictable the markets can be and that big moves in either direction are very possible. I’ve greatly reduced my overall positioning (now […]
Australian shares extending their losses
The local sharemarket is down by 1.75%, not quite the big 7% fall that Japan had yesterday albeit after an 80% rally since November! The AUD is struggling alongside […]
AUD/USD trading quietly near session lows
The fact that short-term trend-line resistance at .9750 held so impressively will be encouraging for the bears but they should also not forget that there is major technical support […]
USD/CHF: Cutting 1/2 my position at .9710
I’ve got around 350 pips on this trade but after yesterday’s big risk-off move, I’m not as bullish as I was. I think we may get some .95/.98 range […]
AUD/USD: Trendline resistance holds nicely
The trendline resistance on the 4-hour chart held really nicely near .9750 and the AUD/USD has slipped quickly back towards .9700. USD/JPY has popped up to 102.35 but I’m […]
Asian market open
You can click through here and read my full opening commentary on FX Street.
Look to Yen crosses for leads all over the market
The next week or so of trade is likely to be characterised by what happens in the JPY crosses. Yesterday’s events suggest to me that the immediate danger is […]
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