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…

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…

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…

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…

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…

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…

NZ CPI on this morning’s calendar


The Reuters smart estimate (see table) suggests a little bit of downside risk for the NZD this…

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…

SNB intervention definitely a possibility


Firstly let's state the perfectly bleedin' obvious!  Do not take any positions based on central…

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…

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…

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…

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…

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…

Brokers will revisit CHF trades, clients may suffer


Reuters are reporting that big retail FX brokers like Saxo Bank will "potentially set different…

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…

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…