January 22, 2015
Prefer to trade USD/JPY and AUD/USD pre- and post-ECB
The EUR will be whippy and silly at times I'm sure and even the GBP will get turbulent with EUR/GBP…
January 22, 2015
EUR/USD: What the market is expecting from the ECB
Expectations are now pretty clear, with the market looking for EUR1.1 trillion in QE starting in…
January 22, 2015
AUD/USD: Market pricing in 50% chance of February rate cut
The CAD, AUD and NZD are always tightly correlated and the surprise overnight move by the BoC to…
January 21, 2015
USD/JPY: More short-term gains likely with market in swing-trading mode
I've had a reasonably good handle on USD/JPY over the last two weeks and I know I'm trading a…
January 20, 2015
Heavy market positions still likely to be tested (EUR in particular!)
Everyone will still be a little nervous after the events of last week and I'd be very surprised if…
January 20, 2015
Apologies: NZ CPI tomorrow, not today
I guess it's better to be early rather than late :( The New Zealand CPI data is due tomorrow…
January 20, 2015
NZ CPI on this morning’s calendar
The Reuters smart estimate (see table) suggests a little bit of downside risk for the NZD this…
January 19, 2015
Retail FX market coping admirably after massive shock
All in all I must say that I am very impressed with how the retail FX broking market has coped with…
January 19, 2015
SNB intervention definitely a possibility
Firstly let's state the perfectly bleedin' obvious! Do not take any positions based on central…
January 19, 2015
Position takers beware, it’s still a traders market
The extreme volatility of last week may ease somewhat today, with a holiday in the US tonight, but…
January 16, 2015
EUR/CHF: Important information on post SNB price action
For those who are faced with margin calls this morning, it's important to get as much information…
January 16, 2015
Longer term JPY positions likely to be tested today
Forget about fundamentals, once the market gets a nasty shock the obvious reaction is to scale back…
January 16, 2015
Watch for more major flows after the NY close and into Tokyo open
Many big global macro players run their strategies off NY closing level prices. Many will be forced…
January 16, 2015
EUR crosses (ex CHF) to stay heavily bearish
I would avoid EUR/CHF at all costs in coming weeks unless totally necessary as we are going to see…
January 16, 2015
Brokers will revisit CHF trades, clients may suffer
Reuters are reporting that big retail FX brokers like Saxo Bank will "potentially set different…
January 15, 2015
EBS confirms market low dealt at 0.8500 in EUR/CHF
From Reuters: The market low for the euro against the Swiss franc on leading currency trading…
January 15, 2015
Cable: Swing trading with a bullish bias
I'm hoping to exit longs near 1.5325/30 (where I hear there are some sell orders positioned) and…