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USD: Retracement or reversal- latter I think

Posted on - August 28, 2014 7:28 am (Australia/Sydney) | 2 Comments
The USD bears will need a bit more evidence before getting overly excited but the recent price action in AUD/USD, NZD/USD and USD/CAD certainly suggests that the greenback will struggle on these fronts. We often get impulsive market moves in September when the traditional holiday season has ended, and I’m definitely still of the opinion […]

USD/CAD: Short position looking stronger

Posted on - August 27, 2014 5:50 pm (Australia/Sydney) | 1 Comment
Unfortunately we did not get that one last spike up towards 1.1050 but my short trade is looking quite healthy and a break below 1.0850 would have it looking even better. There have been various rumours flying around today in the CAD from heavy stops in the crosses to M&A activity in the funds. Whatever’s […]

NZD ticking higher as Fonterra headlines hit the newswires

Posted on - August 27, 2014 11:03 am (Australia/Sydney) | 1 Comment
Fonterra forming partnership with Chinese infant-formula company Beingmate; Keeping NZ46 per kg milk price forecast; Expects global milk prices to rise later this year. NZD is trying to stage a mini-rally on the back of this news (many had been expecting something negative).

EUR/USD: Barrier protection ahead of 1.3150

Posted on - August 27, 2014 10:42 am (Australia/Sydney) | 0 Comments
There have been some reports in the last few minutes in the FXWW chatroom of decent-sized selling flows in EUR/CAD and of strong bids ahead of an expected 1.3150 barrier in EUR/USD. There is an increasing expectation that the ECB will roll out some special easing measures as early as next week and that is fuelling […]

USD/CAD: Still behaving like a pair that wants to go lower

Posted on - August 27, 2014 10:38 am (Australia/Sydney) | 0 Comments
That is in my very biased opinion. We are currently seeing some decent-sized EUR/CAD flows going through, which is unusual for this time zone. Most likely stop-loss driven I’m guessing. USD/CAD has fairly clear support/resistance at 1.0850/1.1050 so there is little point in getting excited until these levels break.
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