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Trader Tracker

The next generation of professional
FX Traders


AUD/NZD: Pretty clear ‘sell-rally’ play

Posted on - December 11, 2014 7:20 am (Australia/Sydney) | 0 Comments
If the FX market is one big interest rate play, as many would contend, then we should be in the ‘sell-rally’ camp when it comes to AUD/NZD. The RBNZ, very surprisingly in my view, added a hawkish tone to their monetary policy statement whilst the RBA have a definite dovish tone. A widening of the […]

Latest economic calendars from Reuters

Posted on - December 10, 2014 8:18 am (Australia/Sydney) | 0 Comments

Enter the FX market’s ‘Period of Pain’

Posted on - December 10, 2014 7:55 am (Australia/Sydney) | 2 Comments
It’s two weeks before Christmas, liquidity is drying up very sharply indeed according to interbank e-commerce dealers, and all positions are now fair game for the stop-loss munching machines. USD/JPY was the first to experience the pain with an overly positioned market falling almost 400 pips in a few short sessions. Short EUR positions could […]

USD/JPY: Pick a wide range, looks like it will be whippy

Posted on - December 9, 2014 8:23 am (Australia/Sydney) | 2 Comments
E-commerce dealers at the major banks were reporting sharply reduced liquidity yesterday and this will mean more volatility in a heavily-positioned USD/JPY market. The trend is obviously very strong but pull-backs will be sharp and painful. Put your traders cap on as we could easily see 300/350 pip ranges over coming sessions, perhaps 119.00/122.50, or […]

EUR/USD: We can expect quite a few sessions of consolidation

Posted on - December 5, 2014 8:07 am (Australia/Sydney) | 2 Comments
The market got caught short in illiquid conditions and that will give the bears some food for thought in coming sessions. A daily close back above the previous 1.2350 support level would also weaken the bears argument. The bearish trend is strong but nothing moves in a straight line in the FX market. If I […]
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