Cable intraday: Play 1.6770/1.6810 with bullish bias

  • The very strong up-trend and consecutive hourly lows near 1.6760 give us the bullish bias;
  • Momentum is lacking and there will be profit takers on rallies as well as range-traders […]
By |April 25th, 2014 9:47am (th14254UTC14 UTC4704UTC)|fxww, GBP crosses|0 Comments

Still photos rather than moving pictures

The rates on my Reuters Eikon look to be frozen in time! Very little change from overnight and we can expect another quiet session in Asia due to the […]

By |April 25th, 2014 8:51am (th14254UTC14 UTC5104UTC)|fxww|0 Comments

Cable flows: Bids at 1.6760, stops below.

  • There were large stops reported yesterday below 1.6760 but interestingly the overnight low was exactly 60. This suggests to me that there is a large bid at this level […]
By |April 24th, 2014 12:17pm (th14244UTC14 UTC1704UTC)|Flows and Orders, fxww, GBP crosses|0 Comments

NZD/USD: Next technical resistance at .8647

There is a 50% retracement level and an hourly high coming in  at the same level.

By |April 24th, 2014 11:55am (th14244UTC14 UTC5504UTC)|AUD,NZD, fxww, Technical Analysis|0 Comments

Latest from WestPac on RBNZ statement

Once again, thanks to our hedge fund insider in the FXWW chatroom for posting the following information from WestPac.

The Reserve Bank of New Zealand increased the cash rate to […]

By |April 24th, 2014 11:28am (th14244UTC14 UTC2804UTC)|AUD,NZD, Bank Research, fxww|2 Comments

Levels to watch in the NZD crosses this morning

The NZD is still bouncing around after the RBNZ but the short-term bulls seem to have the upper hand for now. Levels to watch in the crosses are as […]

By |April 24th, 2014 8:48am (th14244UTC14 UTC4804UTC)|AUD,NZD, fxww|0 Comments

NZD pops up 25 pips after RBNZ decision and statement

As expected change in the base rate to 3.00% and the comment that inflationary pressures are increasing has caused the NZD/USD to pop up towards .8620.

I still like the […]

By |April 24th, 2014 8:05am (th14244UTC14 UTC0504UTC)|AUD,NZD, fxww|2 Comments

EUR/GBP still tracking higher post-BOE

The aforementioned stops above .8230 were easy pickings after the Monetary Policy Committee of the Bank of England delivered their latest.

The big levels to watch in cable are 1.6760 […]

By |April 23rd, 2014 7:40pm (rd14234UTC14 UTC4004UTC)|fxww, GBP crosses|0 Comments

EUR/USD: Totally at mercy of the crosses

I do not expect EUR/USD to move too far away from current levels over coming sessions. All the action will be in the crosses with pairs like EUR/AUD and […]

By |April 23rd, 2014 6:58pm (rd14234UTC14 UTC5804UTC)|EUR crosses, EUR/USD, fxww|0 Comments

USD/CAD M&A activity

Our hedge fund insider posted this in the FXWW chat-room on Reuters:

We should keep an eye on this M/A deal – William Ackman partnering Quebec-based Valeant Pharmaceuticals to buy […]

By |April 23rd, 2014 6:32pm (rd14234UTC14 UTC3204UTC)|fxww|0 Comments

EUR/GBP: Moving higher in early European trade

Most of the market’s focus has been on the crosses in recent weeks and today is no exception. The AUD was the big mover during Asian trade, losing ground […]

By |April 23rd, 2014 5:56pm (rd14234UTC14 UTC5604UTC)|fxww, GBP crosses|0 Comments

AUD/USD still hunting stops below .9290

The AUD is in sharp reverse across all the crosses and the stop-losses reported earlier in the AUD/USD below .9290 are currently being targeted. Support levels don’t really tighten […]

By |April 23rd, 2014 2:34pm (rd14234UTC14 UTC3404UTC)|AUD,NZD, Flows and Orders, fxww|0 Comments

EUR/AUD techs: Struggling to break back above the 200-dma

Since breaking below the 200-dma 3 weeks ago, EUR/AUD has been unable to break back above it. This level comes in today at 1.4844 which has been the high […]

By |April 23rd, 2014 2:05pm (rd14234UTC14 UTC0504UTC)|AUD,NZD, fxww|0 Comments

AUD under pressure after CPI data

Stops in the AUD/USD below .9350 have been triggered after lower than expected CPI data.

Look for intraday rallies to be capped now below .9350.

More stops were reported below .9295.

By |April 23rd, 2014 12:39pm (rd14234UTC14 UTC3904UTC)|AUD,NZD, fxww|0 Comments

Australian CPI and Chinese PMI on today’s agenda

Absolutely nothing happened overnight so we must hope that the twin risk events of Australian CPI and Chinese PMI will get the market moving.

Prices in Australia are […]

By |April 23rd, 2014 8:19am (rd14234UTC14 UTC1904UTC)|AUD,NZD, fxww|0 Comments

AUD/USD: Edging higher on back of real money demand

The AUD/USD opened this morning around .9330 and has edged slowly higher on the back of demand from real-money funds.

Further gains are also likely to be hard-fought with hedge […]

By |April 22nd, 2014 1:34pm (nd14224UTC14 UTC3404UTC)|AUD,NZD, Flows and Orders, fxww|0 Comments

AUD/USD: Watch for stops below .9300

Overall I’m still very bullish on the AUD/USD but a quick look at the charts suggests to me that there will be plenty of trailing stop-loss orders below the […]

By |April 22nd, 2014 9:17am (nd14224UTC14 UTC1704UTC)|AUD,NZD, fxww|0 Comments

USD/JPY: More sideways trading likely with medium-term bull trend still intact

USD/JPY has been going sideways for the last 3 months and I see no reason for this to change just yet. The bullish daily trendline held very nicely near […]

By |April 22nd, 2014 8:30am (nd14224UTC14 UTC3004UTC)|fxww, USD/JPY|0 Comments