Category in FXWW News

AUD/JPY trading higher in early trade post G-20

USD/JPY is trading above 116.50 in early interbank trade and the AUD/USD is holding steady near .8760 in thin early interbank conditions. The free trade agreement between China and Australia is seen as significantly ‘risk positive’ so it’s little wonder to see the AUD/JPY trading higher. The next major topside technical milestone for the cross

EUR/USD: Prefer to buy intraday dips for possible short-squeeze

Notwithstanding the fact that the SNB is upsetting the market equilibrium with their ill-advised tactics, I still like the risk-reward associated with buying dips in EUR/USD in anticipation of a pre-weekend short squeeze. EUR/GBP led the way overnight and I suspect that there will now be plenty of stops above 1.2500 in EUR/USD. The short-term

USD/JPY: Plenty of volatility, direction still bullish

The day-traders can’t complain about the opportunities in USD/JPY with multiple opportunities to trade either side of a 100 pip range. The market is awaiting official news of a general election in Japan and this uncertainty will only add to the volatility. There will be opportunities for both sides but those who’ve been buying dips