EUR crosses getting hammered amid big flows in early European trade


EUR/JPY and EUR/GBP are leading the way today, following on from big EUR/AUD sales yesterday which…

EUR/USD: Sovereign bids reported nearby


This level near 1.2970 is where the Sovereign bids have been reported in recent days. Selling…

Levels to watch in early European trade


USD/JPY: Technical resistance 99.90/100. EUR/JPY: Technical resistance 130.45. Cable: Technical…

Levels to watch in early European trade


USD/JPY: 61.8% retracement of 103.70/93.85 at 99.90. EUR/USD: Sovereign bids 1.2970/80. Cable:…

EUR/USD: Supported by Sovereign bids and a weekly trend-line


Sentiment is bearish and positioning is headed that way with all of the major banks seeming to…

Major banks turning very bullish USD


The dollar had a very strong night on Friday, driven by significant month-end flows from US…

Levels to watch through the European open


EUR/USD: Support solidifying near 1.3000, not much in way of selling interest until 1.3100.…

EUR/USD: Steady above 1.3000 as Sovereign buyers return


Sovereign buyers returned to the EUR/USD when it broke below 1.3000 earlier in the week and this…

Modest gains in NZD, AUD but quiet otherwise in Asia


I think the basing in the NZD is an important development which could have implications for other…

AUD/USD holding on to earlier gains


The AUD is up across the board, especially against the GBP where its almost 1% higher on the day.…

AUD/USD: Edging towards upper end of recent ranges


The majors have stayed fairly quiet today in Asia and I haven't really gained any valuable insights…

EUR/USD: Mixed bag but I’m still in range-trading camp


Short-term momentum is bearish and with the EUR crosses also looking soft, the path of least…

Weakness in EUR crosses main factor overnight


EUR/AUD, EUR/JPY and EUR/GBP are all a bit weaker than yesterday morning but the trend is not…

EUR/USD: Still stuck in classic sideways trade


Many have tried but nobody has yet convinced me that the EUR/USD is in anything but sideways trade…

EUR/NZD: Bearish trade idea


Thanks very much to Jack for pointing out the nice set-up here and this is a trade worth…

EUR/USD: Market turning bearish again but we’ve read this book before!


The market loves to be bearish EUR/USD but recent history suggests that the bears will struggle to…

EUR/USD: Interbank market turning bearish


It seems to me that the market always wants to be bearish EUR/USD, perhaps with very good reason,…

Modest rebound in AUD and risk sentiment during Asian trade


Macro funds were noted buyers of AUD/USD below .9200 earlier this morning. ACBs intervened heavily…