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