Might be a good time to book some profits on EUR/AUD, GBP/NZD etc


Despite a big technical break yesterday, GBP/NZD failed to consolidate these gains and will close…

Look for USD strength to continue in coming sessions


USD/JPY is set on challenging recent trend highs at 103.70; Cable looks overbought to me in…

Cable: Target filled at 1.6410


The first of my longer term targets at 1.6410 has been filled. Remember that we've come from 1.50…

EUR/GBP: Stops triggered below .8290 in early interbank trading


I remember being on the receiving end of some dodgy GBP/DMK stops during early Monday morning trade…

AUD/USD: Tending toward a bullish bias intraday


Prime brokers reports suggest to me that the speculative market is largely short as they wait in…

Levels to watch Monday December 2nd


EUR/GBP is edging below previous daily lows near .8290 and the bear trend is picking up some…

Trades to watch for, Friday November 29th


Stay long cable, this is a no-brainer in my view. I've cancelled my take-profit orders this…

AUD/USD: Technical contrarian trade


The recent fall has stalled thus far at a 76.4% retracement level near .9060; The short-term…

AUD/USD: Fibo retracement at .9060 providing technical support


End-of-month flows expected to be AUD/USD positive; Fibo support at .9060 (see chart) providing…

Cable: Close above 1.6260 will only add to bullish sentiment


GBP/AUD has accelerated higher again and it's next technical target is weekly highs just below…

AUD/USD testing short-term resistance levels around .9200


There is some resistance on the hourly chart around .9200 and I would expect to find some trailing…

Trade ideas for Tuesday November 26th


Cable has failed to break above 1.6260 and is threatening to retrace inside its consolidation…

EUR/USD outlook November 25th: More gains likely


Decent demand reported over the last few sessions and banks expect this to continue; End-of-month…

AUD/USD outlook November 25th


Another speech from the RBA deputy-Governor later tonight so we can expect more verbal…

AUD/USD: Loss booked on long trade


My attempt at picking a short-term base in the AUD/USD was ill-conceived and I took a 73 pip loss…

AUD/USD and Cable update


Prime broker reports stops just above 1.6200 in cable but sell orders also seen 1.6215/20 which…

Cable: Expect test of 1.6250/60 later today


Obviously talking my book here as usual but all the signs remain bullish for the GBP in my biased…

Major breaks on crosses should cause a re-think on AUD/USD, USD/JPY


GBP/JPY made a significant move higher last night breaking above monthly highs at 163.00. It's…