EUR/USD

Usual rules still apply; sharp moves followed by sideways action

Unfortunately the early-European move in EUR/USD has followed recent market behaviour and started trading sideways after a sharp 50 pip move. Once market expectations become entrenched, it’s pretty hard […]

By |July 23rd, 2014 7:34am (Sydney Time)|EUR/USD, fxww|0 Comments

Professional market staying very bearish on EUR

  • Citi FX strategy ‘trade of the week’ is short EUR/USD;
  • Morgan Stanley ‘trade of the week’ is short EUR/JPY;
  • I have not spoken to one professional trader over the last 3/4 […]
By |July 8th, 2014 6:59am (Sydney Time)|EUR crosses, EUR/USD, fxww|1 Comment

EUR/USD: Favour selling rallies keeping stops above last week’s highs

  • EUR crosses continue to look very heavy and the weekly close below .8000 in EUR/GBP certainly strengthens the bear’s case.
  • EUR/NZD is in a solid downtrend.
  • EUR/JPY is still the great […]
By |July 7th, 2014 7:56am (Sydney Time)|EUR crosses, EUR/USD, fxww|0 Comments

USD preferred ahead of EUR and JPY in medium-term

Plenty of people asking me about the big pairs, EUR/USD and USD/JPY, as this is what they are used to trading and they find it difficult to start concentrating […]

By |July 2nd, 2014 8:46am (Sydney Time)|EUR crosses, EUR/USD, fxww, JPY crosses|1 Comment

Early Europe on the stop-loss hunt

All of the majors are higher against the USD in early European trade with well-chronicled stops in EUR/USD, cable and AUD/USD providing the targets. With the Fed now out […]

By |June 19th, 2014 5:00pm (Sydney Time)|EUR/USD, fxww|0 Comments

EUR/USD: Base above 1.3500 looking more secure

You know my thoughts on the EUR/USD by now, neither currency is worth buying. But the recent downtrend in this pair has run out of steam and a base […]

By |June 19th, 2014 7:17am (Sydney Time)|EUR/USD, fxww|0 Comments

EUR crosses threatening to squeeze shorts

  • EUR/USD has stalled on a number of occasions at important technical support neat 1.3500 and there are certain to be trailing stops on the topside;
  • EUR/GBP has been on a […]
By |June 17th, 2014 7:31am (Sydney Time)|EUR/USD, fxww|0 Comments

EUR: Likely to remain weakest of all major currencies

The EUR looks very sick on all of the major crosses and as they are the most recent addition to the negative rates/QE club, I’d expect this negative EUR […]

By |June 13th, 2014 9:40am (Sydney Time)|EUR crosses, EUR/USD, fxww|0 Comments

EUR/USD: Not the time to be getting overly bearish

All of the signals are pointing toward a lower EUR/USD but the most important one, market momentum, suggests that it will have trouble breaking lower onto a new plane.

Just […]

By |June 10th, 2014 7:08am (Sydney Time)|EUR crosses, EUR/USD, fxww|0 Comments

EUR/USD: Massive short-covering after the event

Once a market starts trading sideways it finds it very difficult to suddenly generate impulsive trend-building momentum. There were some very large shorts built up in the EUR since […]

By |June 6th, 2014 7:58am (Sydney Time)|EUR/USD, fxww|1 Comment

EUR: Best left alone until after the ECB

The market has written in a reduced Refi rate, a negative Discount rate, and some extra LTRO-like measures into tonight’s ECB rate decision. My sources in Germany tell me […]

By |June 5th, 2014 7:16am (Sydney Time)|EUR crosses, EUR/USD, fxww|0 Comments

Australian GDP the main event this morning

Another very quiet 24 hours in the FX market and all of the major pairs seem to be trading exactly where they were at the beginning of the trading […]

By |June 4th, 2014 6:55am (Sydney Time)|AUD,NZD, EUR/USD, fxww, USD/JPY|0 Comments

USD sitting at interesting intraday levels against other majors

  • EUR/USD: Back trading around 1.3635/40 which was the major breakdown level. The market has been building shorts ahead of the ECB and we may see fairly tight ‘nervous’ trailing […]
By |June 2nd, 2014 7:40am (Sydney Time)|AUD,NZD, EUR/USD, fxww, GBP crosses|0 Comments

USD set for further gains against the GBP, CHF and EUR #2

As I said earlier in the week, the USD looks set to make further gains against the big European currencies and these trades are starting to develop […]

By |May 30th, 2014 6:57am (Sydney Time)|EUR/USD, fxww, USD/JPY|4 Comments

EUR/USD: Starting to feel increasingly bearish

  • EUR/GBP is consolidating below previous support at .8160 and medium-term bear targets near .77 are starting to come into view;
  • EUR/AUD ran into a brick wall near the previous long-term […]
By |May 22nd, 2014 7:29am (Sydney Time)|EUR crosses, EUR/USD, fxww|2 Comments

EUR: Everyone’s getting very bearish

  • Firstly, recent history would suggest that we are much more likely to see range trading markets than any impulsive trends;
  • Secondly, many of the same people turning bearish EUR/USD on […]
By |May 19th, 2014 8:01am (Sydney Time)|EUR/USD, fxww|5 Comments

Watch weekend press closely for Bundesbank comments

My German trading Freunde are expecting so read some clarification in the weekend press regarding the Bundesbank position on any ECB easing. Don’t expect the Buba to have suddenly […]

By |May 16th, 2014 5:23pm (Sydney Time)|EUR/USD, fxww|0 Comments

EUR/USD: Support levels confirmed, buy dips with tight-ish stops

Plenty of stops got done yesterday amid unusually heavy turnover across all EUR pairs during early European trade.

Support levels in EUR/USD towards 1.3650 have been confirmed in my view […]

By |May 16th, 2014 10:53am (Sydney Time)|EUR/USD, fxww|3 Comments