Posted on - September 11, 2014 6:57 am (Australia/Sydney) |
The recent downtrend in the NZD has been very strong indeed and despite the upcoming RBNZ meeting, there has been little in the way of a decent bounce. So either the market is playing with trailing stops or the market isn’t as short as we are led to believe. Most local analysts have been saying […]
Posted on - September 10, 2014 7:03 pm (Australia/Sydney) |
The latest rumours on Twitter are suggesting some sensational new poll results putting the pro-independence side at 54%. Stops getting triggered in EUR/GBP above .8040.
Posted on - September 10, 2014 6:05 pm (Australia/Sydney) |
I must say it does look very heavy indeed but I’ve taken the plunge and bought in at .9150 and .9130. My intention is to double the position at .9090 and see what happens from there, but as always I will wait and see how it looks/feels down there.
Posted on - September 10, 2014 8:09 am (Australia/Sydney) |
I’ve got about 40 spots left for 2-week free trial of the FXWW chatroom on Reuters Messenger. These will be allocated on a first-come-first-served basis. You need to click on this link, put in your name, email, and chatroom-trial in the ‘message’ section. Please do not apply again if you’ve already had a trial, give […]
Posted on - September 10, 2014 7:34 am (Australia/Sydney) |
The breaks below .9230 and .9200 in the same session show just how powerful the bear move has been. We’ve seen a swift 200 pip fall as the AUD has re-aligned on the crosses. Intraday resistance will start at .9230 and there will be lots of willing sellers there (according to pro-market chatter). On the […]