EUR/GBP: Volatility picking up, now worth trading again

I still prefer the bearish bias here but the fact that the cross stayed reasonably well bid despite some Portugese bank jitters does suggest that the market might be […]

By |August 1st, 2014 8:08am (Sydney Time)|fxww, GBP crosses|0 Comments

AUD/NZD likely to be the focus again this morning

There has been plenty of focus on the crosses over the last few sessions with AUD/NZD hogging the limelight yesterday during Asian trade and EUR/GBP taking over the mantle […]

By |August 1st, 2014 7:57am (Sydney Time)|AUD,NZD, fxww|2 Comments

AUD/NZD breaking down, looking to sell 30/40 pip rallies

This market has browbeaten me over the last few months so I’m not going to start chasing moves in ranging markets. A source at one of the Prime Brokers […]

By |July 31st, 2014 4:00pm (Sydney Time)|AUD,NZD, fxww|0 Comments

USD/JPY: Still think it’s a matter of picking the range

USD/JPY has over-extended on the topside and recent history would suggest that range trading is still the obvious way to play this pair. The market was surprised by extreme […]

By |July 31st, 2014 9:15am (Sydney Time)|fxww, USD/JPY|0 Comments

AUD/NZD: 1.0970/1.1020 with bearish bias

Reading through some of overnight interbank reports and after a quick look at the charts, I’d suggest a 1.0970/1.1020ish range in the short-term (if we’re lucky) and I have […]

By |July 31st, 2014 8:09am (Sydney Time)|AUD,NZD, fxww|0 Comments

AUD/NZD: Looks like a ‘sell’ to me

The market has been trying to buy dips and breaks in AUD/NZD but I have the feeling that it may be now a bit long and wrong.

The NZD/USD is […]

By |July 31st, 2014 7:54am (Sydney Time)|AUD,NZD, fxww|0 Comments

Looking to re-enter USD/CAD shorts and buy NZD/USD dip

Apologies for my silence today and if I haven’t replied to emails or DTs, the dreaded flu has hit me for six :(

The market remains cautiously bullish on the […]

By |July 30th, 2014 5:34pm (Sydney Time)|AUD,NZD, fxww|5 Comments

NZD/USD: Levels to watch today

  • Macro players still very long of NZD but short-term market has been getting short after RBNZ and up-coming risk events;
  • Interbank market reported some very solid bids yesterday at .8525 […]
By |July 29th, 2014 7:41am (Sydney Time)|AUD,NZD, fxww|0 Comments

Overnight review: Sometimes it’s best to say nothing

It’s the end of July and the holiday season in Europe and the US is getting into full swing. This will go on through the month of August so […]

By |July 29th, 2014 7:24am (Sydney Time)|AUD,NZD, fxww|0 Comments

NZD: Significant risk event on Tuesday afternoon

All NZD traders should take note of the Fonterra board meeting tomorrow afternoon NZ time.

The following is an excerpt from a WestPac report which is available in the FXWW […]

By |July 28th, 2014 4:05pm (Sydney Time)|AUD,NZD, fxww|2 Comments

Hedge Fund fast money looking to the US for opportunities

What I’m hearing from some contacts in the broader hedge fund market is that tech stocks and tech investments are very much the buzz words of the moment and […]

By |July 28th, 2014 4:00pm (Sydney Time)|AUD,NZD, fxww|0 Comments

Levels to watch in Asian session, July 28th

  • USD/CAD: 200-dma at 1.0830;
  • EUR/USD: Large expiries tomorrow at 1.3450;
  • Cable: Market eyeing 1.6925 as next important downside level;
  • USD/JPY: Seemingly immovable obstructions 101.00/102.50 :(
  • AUD/USD: Options players also all over this pair […]
By |July 28th, 2014 7:50am (Sydney Time)|Flows and Orders, fxww|0 Comments

Busy week ahead for US data; jobs and FOMC the highlights

  • The general consensus amongst professional analysts is that the Fed will acknowledge the improvement in general labour market conditions, and taper again by $10 billion. This is the outcome […]
By |July 28th, 2014 7:30am (Sydney Time)|fxww|0 Comments

JPY crosses: I still prefer the downside in the short-term

I’m not expecting any massive moves but with EUR/JPY looking decidedly toppy, and with heavy longs in pairs like NZD/JPY and GBP/JPY starting to exit the market, I’m still […]

By |July 25th, 2014 9:39am (Sydney Time)|fxww, JPY crosses|0 Comments

Cable: Weekly close below 1.70 would certainly trouble the bulls; 1.6970/1.7020 daily parameters

Long GBP has been the trade of choice (along with long NZD) amongst professional traders over the last 6 months. The big macro players are still very long and […]

By |July 25th, 2014 8:12am (Sydney Time)|fxww, GBP crosses|0 Comments

AUD/USD dragged back towards large optionality at .9400

  • The USD has made some decent gains across the board with profit-taking in GBP/USD and NZD/USD having a big influence;
  • The AUD was well supported by AUD/NZD buying and
By |July 25th, 2014 7:52am (Sydney Time)|AUD,NZD, fxww|2 Comments

NZD/USD: Still looking very soft, best wait with buy-dip strategy

Absolutely no respite for the NZD today and the bears have taken over control. NZD/USD is encountering waves of selling from multiple directions with long positions exiting en-masse.

I still […]

By |July 24th, 2014 5:08pm (Sydney Time)|AUD,NZD, fxww|0 Comments

SNB Jordan: Cap on CHF remains key policy tool

Reuters headline quoting a newspaper interview with the SNB Chief.

No surprise there.

By |July 24th, 2014 4:30pm (Sydney Time)|fxww|0 Comments