NZD: Demand for local bonds returns and Kiwi starting to look good on the crosses


AUD/NZD consolidating below 1.2000 and further losses towards 1.1500 expected. NZD/JPY and NZD/CHF…

EUR/JPY: Maintaining preference towards selling rallies


Prices have stalled yet again just above 129.50 (see chart) and this pair is struggling to maintain…

Cable: Strong technical support at 1.5155/80


The 61.8% retracement of the move from 1.4830 to 1.5750 comes in at 1.5180 (see chart). The double…

USD/JPY: Favour a 98.75/99.90 range


The fundamental outlook is bullish given potential tapering from the Fed and expansionist BOJ…

AUD/USD: Looking for new trading range .9000/.9250


Despite the very weak technical close below .9140 on Friday, AUD/USD hasn't managed to break any…

Major banks turning very bullish USD


The dollar had a very strong night on Friday, driven by significant month-end flows from US…

AUD/USD: Dumping my intraday longs


I've reduced my position back to my core longs and have taken a small profit on my intraday longs…

Cable: Play edges of wide 1.5150/1.5400 range


I don't think we will see either side of this range tonight but you just never know. If we get…

Levels to watch through the European open


EUR/USD: Support solidifying near 1.3000, not much in way of selling interest until 1.3100.…

AUD/NZD technicals: Bears looking to weekly close below 1.1825


This pair looks very heavy to me but there is important technical support near 1.1825 (see chart)…

EUR/JPY: Trendline resistance breaks; 50% Fibo next at 129.40


The strong down-trend line on the 4-hourly chart has broken (see chart) and next resistance is at a…

USD/JPY takes out recent highs; next targets 99.25 and 99.90


Despite the hedge fund selling earlier, USD/JPY is making new highs and has taken out this weeks…

AUD/USD: Bouncing off .9220, look for stops above .9265


This is pure guesswork on my part, but most traders think the same way and if I had been selling…

AUD/USD: Large end-of-financial-year flows anticipated today


The AUD should be in for a busy day with large end-of-month and end-of-financial-year flows…

GBP: Giving bulls like me quite a fright


Maybe my GBP bullishness of the moment is totally misguided or perhaps I've gotten the timing…

Cable: Eyeing technical support after GDP data


The overnight lows were near 1.5290 which is also the 61.8% retracement of the big up-move from…

NZD/JPY now +1% on the day


Definitely looked and felt as if the poor cousin Kiwi had been dragged down by the big bad Aussie…

Modest gains in NZD, AUD but quiet otherwise in Asia


I think the basing in the NZD is an important development which could have implications for other…