Stops aplenty in cable and USD/JPY


There are rumours that the BoK started buying cable, recycling their earlier intervention, and…

NZD staying weak in early Asian trade


NZD/USD has broken below overnight lows at .8320 and AUD/NZD is testing daily highs near 1.1550.…

AUD/USD: Soft feel this morning, risk-off Friday


Mixed pictures on the crosses with AUD/JPY looking soft, targeting 92.80, and EUR/AUD looking…

Sovereign buyers drive EUR/USD through 1.3800; 1.42 here we come


The barrier has been breached and stops above 1.3810 have been triggered after fresh demand was…

EUR continues to be very well supported


The strengthening Yuan is leading to some quite heavy EUR buying from Chinese interests; Sell…

Light turnover during NY session apart from the CAD


The BoC surprised the market with a dovish statement and this sent the CAD scuttling lower. As you…

NZD heading lower on crosses


AUD/NZD has broken above 1.1450 after the higher-than-expected Australian inflation data and now…

USD/JPY: Dead-heat in race to the bottom


The market doesn't like either currency at the moment and broad sideways trading is very likely to…

EUR/GBP: Technical resistance at .8500


This level has held nicely in recent days (see chart); There are likely to be stops directly above…

AUD/USD: Looking to play .9550/.9725 range over coming sessions


As mentioned below, barrier protection in AUD/JPY ahead of 95.00 is quite large; EUR/AUD bids near…

AUD/JPY: Still capped by barrier protection ahead of 95.00


Another very quiet night in the FX markets and we can brace ourselves for similar lack of movement…

AUD/JPY: Significant defence of 95.00 barrier


One of the bigger Japanese banks has confirmed that a large barrier is in place at 95.00, just as…

AUD crosses sitting right on resistance levels


AUD/USD technical target looming at .9720 (see chart); AUD/JPY has broken above recent highs at…

Very low turnover in early Monday morning trade


  As you can see from the Reuters heat map, there is diddly-squat happening in the FX market…

EUR/USD: Sellers between 1.3680/1.3700 ahead of option barrier


Technical resistance above there at 1.3710; EUR crosses currently showing mixed signals; EUR/GBP…

USD/JPY: Both components looking like funding currencies


With tapering in the US looking less likely, the market has been ploughing back into 'risk-on'…

Cable: More gains look likely


This is still my preferred vehicle for trading the bearish USD view and until the short-term trend…

AUD/USD: Looking to trade .9550/.9715 in coming sessions


USD bears in complete control again; Risk trades got a boost as 'tapering' liklihood reduced; Real…