It’s been all about the crosses today and after the JPY crosses got smashed in the 2nd half of the Asian session, I guess its no surprise to see […]
EUR/CHF: Recent lows holding for now near 1.2215
- June lows at 1.2215 hold for now (see chart);
- Political turmoil in the US and Italy are heaping on ‘risk-aversion’ pressure;
- PBs report that their clients are mainly long […]
CHF/JPY big mover over the last 24 hours
Macro funds started dumping USD/CHF immediately after yesterday’s FOMC and this heavy supply hasn’t really let up since. JPY bears have returned in force with risk-on the obvious mantra. […]
USD/CHF: Macro-fund stops targeted below .9130
EUR/CHF has fallen since the Fed no-taper decision which doesn’t seem to make a whole lot of sense but it’s all about where the stop-loss orders are. One of […]
TRY hits fresh lows against the USD
USD/TRY has hit fresh highs near 2.0060 which might spark further risk aversion amongst the major pairs. AUD/JPY bore the brunt in Asia but maybe we see some action […]
European currencies range-bound in Asia: USD/CHF squeezing shorts
- USD/CHF has been a significant mover over the last few days and the short squeeze could pick up momentum above .9400 (see chart).
- Cable is retracing […]
EUR/CHF: Big Swiss players noted sellers overnight
EUR/CHF seems destined to grind the bulls into submission again and it looks as if some of the bigger players took advantage of still-reasonable liquidity to get out of […]
Care is warranted on JPY and CHF crosses
We are witnessing some hefty positional liquidation across the so-called ‘risk’ pairs and I think those who’ve been trying to buy EUR/CHF or GBP/JPY or the like will need […]
EUR/CHF: Chopping my longs for tiny loss as risk-aversion returns
I’m giving up on this pair yet again and taking my 20 pip loss. I bought a small position last week at 1.2375 but the rally in Gold and […]
EUR/CHF: Nice risk-reward in going long at present levels
Just going through the charts and I found this nice risk-reward trade in EUR/CHF (see chart). The trend looks reasonably constructive and the most recent rally from […]
Wild moves on the crosses and more to come
- The AUD was the first mover, recovering after poor domestic business conditions data and taking out stops in AUD/JPY above 92.50. The market has closed above this […]
EUR/CHF: European hedge funds buying again in early trade
Exactly the same as yesterday, Swiss-based hedge funds have been buying the cross in early trade. Not sure what they know if anything, but best not bet against the […]
EUR/CHF bulls starting to return
We have all read this story before and it certainly makes plenty of sense, but the trouble is that so many times we’ve had the false promise of a […]
NZD/CHF: Looks like a bullish technical set-up
Definitely not a pair that I pay a lot of attention to but my brief analysis below on the Yen crosses concluded that AUD/JPY looks bullish but CHF/JPY looks […]
JPY crosses still likely to provide most market leads
I’m presuming that we don’t get any major economic or political statements out of the EZ, and if we don’t then the Yen crosses look like the most likely […]
EUR/CHF: Headed back towards buy zone, or?
I know I was all bulled up on USD/CHF a few weeks ago but at least I can say in my defence that I sensed the error of my […]
USD/CHF: Looking to book profits on any intraday rallies and then re-buy on dips
I’m not expecting any massive moves higher in USD/CHF but the set-up on the 2-hr chart looks moderately promising and this morning’s long position looks […]
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