Category in FXWW News

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