AUD/USD: Time to start booking some profits


AUD/USD has moved almost 300 pips from our entry levels and it would be silly not to book at least…

GBP/AUD: Stops triggered below 1.8100


There was talk last week of heavy stops in GBP/AUD below 1.8100 and it looks like they've just been…

AUD/USD: Order board reports suggest .9065/.9125 consolidation


Prime brokers refer to large offers starting above .9125 through .9140; Local bank reported very…

IMM positioning shows continued moves into EUR


This is the HSBC update on IMM figures good up until last Tuesday. Long USD positions fell to…

AUD/USD: Might be worth trying intraday short position near .9075/80


Equity markets across the region will open around 0.5% lower; Tensions in the Ukraine are still…

AUD remains unaffected by huge moves in CNY


First thing this morning we saw a sharp move higher in USD/CNY, orchestrated by agent banks of the…

GBP/USD: Major flows expected in next week as Vodafone/Verizon deal closes


It's always difficult to gauge exactly how much still needs to be done or even how much will be…

EUR/USD: Starting to feel very well ‘bid’


I admit I've said the same thing before in recent months, and I've also said exactly the opposite,…

AUD/USD: Large option expiries driving end-of-week sentiment


AUD/USD failed again near .8980 after the RBA policy statement; 2 billion expiry later tonight at…

GBP crosses hit hard as trailing stops kick in; GBP/JPY technical support at 164.00


GBP/JPY was the main mover yesterday driven by a carnage of trailing stops across the board;…

USD/JPY: Market expecting semi-official bids near 101.80.


Last time that USD/JPY traded under 102.00 there were reports in the market that semi-official…

Quick look at order books in early Asian trade


Not much happening in the FX market this morning despite lower stockmarkets across the region.…

First move of the day was obviously stop-loss driven


Nikkei has opened 2.6% lower but is edging higher in early trade; Gold is +$7; USD/JPY has…

USD/JPY gapping lower in early Tokyo


Just as well we waited for confirmation of those bids at 102.00 as there appears to have been…

USD/JPY: Market expecting solid bids at 102.00


Very quiet start today in Asia with Australian markets closed; There is early market talk of solid…

Hard to find any clear signals at the moment but I remain bearish on EUR crosses


1.3500 in EUR/USD looks like it might be a key level, if that breaks then look for a sell-rally…

USD/CAD takes out barriers; USD/AXJ on march higher


Large barriers at 1.1000 in USD/CAD have been taken out; Emerging Asian currencies are getting hit…

AUD/USD still looking heavy


Asian real money sellers capped the pair on Friday near .8820; Sentiment remains bearish as the…