Flows and Orders/FXWW News/Technical Analysis/Trade Ideas

Latest from the FXWW-RM chat-room

FXWW 888 FXWW Pty Ltd

5:40:59 amCS FX Strategist – Japanese portfolio flow monitor:

Sep 10

Sean Lee FXWW

7:08:50 amMorning all. More trailing stops reported above 1.4390 in EUR/AUD. Also plenty of sell orders being reported in the AUD/USD at regular intervals between .9250/.9350.

7:09:40 amUSD/JPY very steady overnight near 99.50, still prefer the buy-dips play

7:10:18 amCable of course will be aiming at 1.5750 resistance, a breach of which would put a double-bottom in place

Sep 10

FXWW 888 FXWW Pty Ltd

7:31:37 ammorn Sean

7:32:33 amAfter USDJPY, Nikkei, AUDJPY etc have all broken out of similar triangle patterns to the topside… guess we need to consider whether EURJPY is next….. https://www.tradingview.com/x/SsMHunPj/

Sep 10

Sean Lee FXWW

7:43:29 amGood point mate, nobody is bullish EUR which means it probably does break higher

Sep 10

FXWW 888 FXWW Pty Ltd

7:44:19 amyup worth keeping on the radar at least

Sep 10

Sean Lee FXWW

7:45:26 am[Screenshot2] | [DesktopObject2] AUD/USD techs show very steep s/t bull trend but stalling now at .9240. Lot of stops reported yesterday above this level yesterday. If bears can hold then we could see a nasty retrace lower. If bulls break through, then .9335/50 is next big level.

Sep 10

FXWW 888 FXWW Pty Ltd

7:54:14 amyes its interesting here….starting to look a bit ‘wedgie’ on the hourly

Sep 10

Sean Lee FXWW

8:01:00 amBofAML intro, USD bullish sentiment waning: ” Today was one of the lightest FX volumes of the year following poor important US economic data on Friday. Buyers of USD really did not show up after the Olympic driven euphoria in Asia. Many were concerned USDJPY did not close above 100.00. CTAs were early movers cutting USD long exposures and buying EUR crosses though few discretionary managers wanted to follow. Sentiment is bullish the USD, though an increasing number of conversations with portfolio managers today suggests the mood is turning. Inaction in Syria, questions over the appointment of Larry Summers to the FOMC, weak US NFP all point to questions rather than answers. “Liquid Cross Border Flows” illustrates a market long USD versus many pairs and new USD buyers may want to wait until after September 18. Our commodities team point out the gold market is not positioned for a possibility that tapering could be delayed. If so, we could see a rather swift rally that could take gold into the high 1400s, as there are stops above 1425 and 1450. A listed October 1500 call (4 delta) is around $2. This expires on the 25th of September, so you will capture the FOMC announcement and a few days afterwards in case there is proper follow through. It seems like a cheap tail hedge if the FOMC delays tapering. US Treasuries also held up pretty well before the very large Verizon bond issuance goes into full swing tomorrow.

Sep 10

FXWW 42 FXWW Pty Ltd

Sep 10

Sean Lee FXWW

8:47:09 amMorning 42, you are an early riser 🙂 Looking like it might be a very quiet one today. Corporate buyers in EUR/AUD was main overnight flow as well as modest EUR/GBP short-covering.

9:14:39 am……………………..

9:16:48 am[Screenshot4] | [DesktopObject4] EUR/JPY as 888 mentioned earlier is ripe for a bullish breakout and I’d suggest that a break above 132.40 will add to momentum. I find it hard to be enthusiastic about being long EUR so I’m leaving it alone

9:40:11 am………………………….

9:41:46 am[Screenshot1] | [DesktopObject1] The fact that the EUR/USD dip stalled at a 50% retracement level is certainly of technical significance. Despite the overall sideways tendency, the short-term momentum is certainly in bulls favour

  1. Hi Sean,
    The Reuters chat app is quite neat, though I have one question: What are those “Desktop Objects”? They seem to be xml files and I fail to see how to properly display the content of those. I mean I can display the xml object itself in notepad or any other xml reader, though I assume they are supposed to be consumed by a specific application?
    Thanks

Leave a Reply

Your email address will not be published. Required fields are marked *