EUR shorts squeezed but little change otherwise

The post-ECB price action has seen weak trailing stops taken out in all of the EUR crosses and the only trend in EUR is a non-trend. The market is […]

By |February 7th, 2014 7:20am (Sydney Time)|fxww, open/wrap|2 Comments

Weak stops taken out overnight in EUR/USD and EUR/GBP

No major developments overnight and most of the main currency pairs are close to yesterday’s levels. The retail market in particular was sitting a bit short of EUR and […]

By |February 6th, 2014 7:26am (Sydney Time)|fxww, open/wrap|0 Comments

Buy GBP, AUD dips; sell NZD, CAD rallies

  • EUR/USD is at 1.3515 again today! Can’t see any reason to trade this pair;
  • Cable support above 1.6220 now confirmed and this level should be very important in the short-term;
  • I’m […]
By |February 5th, 2014 7:28am (Sydney Time)|fxww, open/wrap|0 Comments

GBP crosses hit hard as trailing stops kick in; GBP/JPY technical support at 164.00

GBP/JPY was the main mover yesterday driven by a carnage of trailing stops across the board; USD/JPY stops below 101.70 were indeed sizeable, Cable stops post-data were also significant […]

By |February 4th, 2014 7:11am (Sydney Time)|Flows and Orders, fxww, GBP crosses, open/wrap|5 Comments

Looking to emerging markets for leads

Good morning all. Plenty of whip-saw movement at the end of last week mainly caused by a huge flight of capital out of emerging markets and continued doubts about […]

By |January 27th, 2014 7:09am (Sydney Time)|fxww, open/wrap|0 Comments

Risk sentiment will be main focus for today’s trade

Stock-markets look shaky and USD/JPY got hit by waves of stop-loss selling so we could be in for a nervy risk-off Friday in Asia. AUD/JPY is sitting on important […]

By |January 24th, 2014 7:19am (Sydney Time)|fxww, open/wrap|0 Comments

Big data events looming later today

  • Most of today’s action was in regional stockmarkets which were up to 3% lower;
  • USD/JPY rallied 50 pips in early trade on reports of a big M&A deal;
  • The NZD was […]
By |January 14th, 2014 6:09pm (Sydney Time)|fxww, open/wrap|0 Comments

Positional adjustment still the name of the game

First things first, if you’re looking for intraday trading ideas then either ignore what I say or even better still, do the opposite! My 3 cheap-n-cheerful ideas from yesterday […]

By |January 14th, 2014 7:21am (Sydney Time)|fxww, open/wrap|0 Comments

Focus remains firmly on the crosses

  • Significant reports that China was selling NZD/USD in overnight trade near .8270
  • AUD/NZD support at 1.0730 was tested and held firm;
  • EUR is pretty much unchanged after an ‘as expected’ ECB;
  • GBP […]
By |January 10th, 2014 7:32am (Sydney Time)|fxww, open/wrap|3 Comments

Levels to watch in Asian trade, Monday December 16th

  • Cable: Looks like 1.6240/50 is looming as the big level to watch here and a break below could see many longs bailing out;
  • USD/JPY has had a quiet start to […]
By |December 16th, 2013 7:59am (Sydney Time)|Flows and Orders, fxww, open/wrap|0 Comments

USD likely to stay bid through the holiday period

  • Most of the big recent moves have been in the crosses but the USD is looking increasingly likely to enjoy an end-of-year surge;
  • EUR, GBP and CHF have made strong […]
By |December 13th, 2013 6:50am (Sydney Time)|fxww, open/wrap, Trade Ideas|1 Comment

Recent bullish trends in EUR/JPY, GBP/AUD etc remain in place

  • EUR, GBP and CHF still in high demand;
  • AUD, JPY, and CAD are still out of favour;
  • Liquidity remains decent but will start to thin out next week at the latest;
  • Today’s […]
By |December 10th, 2013 7:25am (Sydney Time)|fxww, open/wrap|0 Comments

Quick wrap of the Asian session

  • EUR/USD traded to highs at 1.3748 in very thin early interbank trade;
  • EUR/JPY stops were triggered above technical resistance (61.8% retracement) at 141.00;
  • CHF/JPY continued on its vertical path with no-one […]
By |December 9th, 2013 4:42pm (Sydney Time)|fxww, open/wrap|2 Comments

Today’s highlights from the FXWW-Reuters chat-room

Once again apologies to all those awaiting access but we should have it sorted out very soon (as you know, IT stands for Irish Time :) ).

Sean Lee FXWW



By |November 28th, 2013 6:25pm (Sydney Time)|fxww, open/wrap|0 Comments

Quiet start to interbank trading week

EUR/USD is trading at 1.3550, USD/JPY at 101.30, cable at 1.6230 and AUD/USD is at .9160.

All of the focus remains on the crosses with the GBP staying very strong […]

By |November 25th, 2013 7:09am (Sydney Time)|fxww, open/wrap|6 Comments

EUR/JPY: 135.50 still key level amongst major pairs

At first glance, it would seem that very little happened overnight. The EUR has strengthened marginally on the crosses from European opening levels but there is little or no […]

By |November 19th, 2013 6:53am (Sydney Time)|fxww, open/wrap|0 Comments

Quiet start to the interbank trading week

  • Market remains moderately bullish for USD according to latest CFTC positioning data;
  • Prime brokers report that long USD/JPY is still the speculators favourite position;
  • Market still doesn’t believe the long cable […]
By |November 18th, 2013 6:16am (Sydney Time)|fxww, open/wrap|2 Comments

AUD/USD: Favours a .9420/.9520 trading range

  • Previous highs turned pivot at .9520 should offer solid resistance;
  • Sovereign bids expected .9410/20;
  • Crosses look mixed but AUD does seem to be nearing better value levels, especially against the EUR […]
By |October 31st, 2013 8:11am (Sydney Time)|AUD,NZD, fxww, open/wrap|0 Comments