Category in FXWW News

ABS to revise recent Australian jobs data

From the FXWW chatroom 08-Oct-2014 12:16 – AUSTRALIA BUREAU OF STATISTICS SAYS TO REVISE AUGUST AND JULY EMPLOYMENT DATA 08-Oct-2014 12:17 – ABS SAYS TO REMOVE SEASONALITY FOR SEPT, AUGUST AND JULY EMPLOYMENT SO THEY WILL BE THE SAME AS THE ORIGINAL ESTIMATES 08-Oct-2014 12:19 – ABS PREVIOUSLY REPORTED ORIGINAL EMPLOYMENT ROSE 32,100 IN AUGUST,

AUD: Mixed bag on crosses should ensure consolidation

AUD/USD trend remains bearish but important long-term technical support at .8660 held firm on the first test; AUD/JPY has started to retrace and could easily fall another 200 pips but the AUD does look reasonably inviting against the GBP in particular. Sounds like another perfect set-up for some range trading between .8650 and .8800 in

JPY crosses: Profit taking and trailing stops

The professional market has been short JPY across the board and we saw some hefty profit taking emerge yesterday after the over-stretch to take out 110.00 USD/JPY barriers couldn’t be maintained. Other pairs like GBP/JPY broke out of holding patterns and triggered heavy trailing stops. In the shorter-term, I prefer selling any 50/60 pip rallies

Sticking to the crosses for some shorter-term opportunities

My longer-term fundamental view remains unchanged, the EUR, JPY and USD will struggle amid CB easy-ness and the commodity currencies will strengthen over time. The market has started buying USD in the mistaken belief that the Fed will significantly change its policy direction. We will see small changes, but no directional change. This is probably

Cable: Fresh short-term lows mean bulls will have to wait another while

Nice try earlier from the cable to break above technical resistance at 1.6280/90 but the nasty move lower in EUR/NOK caught the overall market unawares and that’s had a knock-on effect on the GBP as well. Fresh short-term lows have been printed below 1.6200 and more downside looks like the most likely short-term