If you're not tracking Bunds, you can't trade EUR
1. Open a fresh workspace on FXWW Connect and select the 'desktop' option;
2. Right-click on the screen and select 'Reuters Full Quote';
3. Use the following RIC, 'DE10YT=RR';
4. Right-click once again on the empty part of the screen and select 'Chart';
5. Insert the same RIC in the instrument panel;
6. Move and re-size either panel by left-clicking on the top bar and moving, or left-clicking on the bottom right-hand corner and re-sizing;
7. For more details on which RIC codes to use for other markets like US Treasuries, UK Gilts, Australian Bonds etc, please consult the PDF file 
for FXWW Connect Help.
Using FXWW Connect: Setting up individual currency pages
1. Open a new Workspace and select the 'Desktop' option.
2. Right-click on the screen and select the 'Watch List' option from the drop-down menu.
3. Click on the small down arrow beside Watch List and select the 'Manage Templates' option down the bottom.
4. This allows you to create your own look and feel to your watch list. Personally I like to see the bid, offer, %age change, highs and lows, trend etc but you can choose your own.
5. Add currency symbols that you wish to have on your watch list, always adding an equals sign, eg EURJPY=
6. On the top of the watch-list box, you will see a small signal that looks like waves being emitted. Click on this and select 'Broadcast to all Channels'.
This completes the creation of a new watch list. Now we will link a chart to the individual symbols.
7. Right-click on the empty part of the screen and select 'Chart'.
8. Click on the small wave signal and select 'Receive from all Channels'. This means that each currency you highlight in your watch-list will automatically fill this chart.
9. Expand the chart by clicking on the small '+' in the top right hand corner. Now hold down the 'space' bar on your PC. This will allow you to change the chart type, timeframes, indicators etc to suit your analytical needs.
10. Left-click and hold the top of the chart, allowing you to move it into your preferred position on the page. Left-click and hold the bottom right hand corner of the chart widget to adjust size.
Finally I think it's a good idea to add a News widget.
11. Right click on the empty part of the screen and select 'News'.
12. If you have a JPY currency page, you can put the word 'Japan' into the keyword section and this will filter the news for you.
13. Move the widgets around and re-size to suit.
For more extensive help, you can download the PDF file for FXWW Connect Help from here.
FXWW Connect: The missing link for the serious individual trader
In order to be a successful trader, you will need to develop strong and logical convictions. You will base these convictions, not on hearsay, guesswork and other people's opinions, but on factual evidence. To build these convictions, you will need a constant stream of relevant news across economics, politics and current events.
The primary source of news and data in the foreign exchange market is Thomson Reuters.
FXWW Connect combines the power of TR data with an easy to use web portal to give serious individual traders the link that they have been missing.
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Range trading the majors and looking for volatility in the crosses
- EUR/GBP: Market is short and bearish of EUR but we could see a nasty squeeze heading into the UK election. I prefer to look for dip-buying opportunities and will add aggressively if it starts breaking higher, purely as a short/medium-term (2-3 weeks) play.
- AUD/NZD: Looks set to break lower. Play from short side whilst 1.0220 caps. Add on break below 1.00 if momentum favourable. Again, this is only a medium-term play (3-6 weeks). Long-term players can buy any big dips as fundamentals have this pair grossly oversold.
- Cable: Looks like 1.44/1.50 to me and we are closer to upper end of this range so I have a modest bearish bias in the short term.
- EUR/USD: Looks like 1.05/1.10 to me with a bearish fundamental bias but over-positioning suggests it will struggle to find fresh bearish momentum.
- AUD/USD: .75/.78 looks like a safe bet here.
- USD/JPY: Too hard!
- NZD/USD: .74/.77 with bullish bias given my AUD/NZD view.
FXWW CONNECT FEATURES
FXWW Connect offers a fast, high powered, and intuitive online market news and data platform to quickly assess market opportunities.
Create the environment that works for you – You control what you want to view and the way you want to view it, featuring:
Fully Customizable Workspace
- Sophisticated workspaces offer 3 unique layouts: flexsheet, desktop, and accordion pane.
- The broadcast feature allows linked components to receive and display content based on a single input. The Enhanced Link Mode offers further customization by enabling each component to broadcast and receive from specific channels.
- Customizable index tool with ability to expand and view constituents.
Advanced Tools and Technology
- Fully customizable quotes and real-time streaming FX spot rates.
- Create customizable charts with real-time streaming quotes, in-depth technical analysis , benchmarking, and cross-currency charting.
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- Offers the latest news with a streaming, real-time Reuters feed and advanced search capabilities.
- Set alerts to receive instant notifications on price movements.
Exiting AUD/USD longs at break-even (yet again)
I don't like these momentum-less sideways markets which are then followed by a 50:50 bet in the form of an NFP number. I've exited my post-RBA longs at break-even and will sit back and wait for a clear opportunity.
Pre-RBA AUD move most likely related to liquidity and Algos
Based on what I'm hearing in the market, Tuesday's 'gap' higher in the AUD/USD just prior to the release of the RBA rate decision was more likely due to structural liquidity issues and the prevalence of Algos rather than any sinister leak.
Since the SNB debacle, banks are becoming even more cautious when risk-events are scheduled. Immediately prior to the announcement (between 30/60 seconds), major electronic pricing providers cancelled many orders within a certain radius of the price at the time (it was around .7780). There are a large number of big algorithmic trading accounts which would react immediately (within milli-seconds). Obviously the skew in the market after the orders were cancelled was heavily biased to the topside, hence the Algos initiated the sharp gap to the right.
Migration starting to new FXWW website and new product suite
There will be regular disruption to the FXWW website over the next few weeks as we migrate to our new home and bring our new product suite on-line. We will try to minimise any inconvenience and customers should contact us through the usual support channels if they are experiencing unexpected service outages.
- The FXWW chatroom on RM will be unaffected by these upgrades.
- Sean's market views will be available on Twitter and also on ForexTell.
Many thanks for your patience and thanks also to members who've tested and provided feedback on the new information portal.
GBP crosses continue to look vulnerable
Cable rejected important technical resistance levels between 1.5550/1.5600 pretty categorically and this rejection is starting to have an effect on the other GBP crosses.
EUR/GBP has reached what for many was a long-term target (on the .72 handle) and with the market already very short, profit taking is to be expected.
The large stop-losses in pairs like GBP/CAD which the market had been talking about went off last night and other pairs like GBP/AUD are also looking vulnerable.
Selling short-term rallies in the GBP looks like the most sensible play for now at least.
Post-RBA price action suggests to me that AUD/USD goes higher quite soon
There was a pop in the AUD/USD just prior to the RBA rate decision and this occurred because all the big local players and prime brokers pulled their bids and offers out of the market around 30 seconds prior to the announcement.
With existing shorts at quite extreme levels, I don't think it will take much to drive this market back towards .80 cents.
Corporate bids have been very solid between .7750/70 and buying any dips towards there makes sense to me.
Market split 50:50 on RBA decision today
There is a very even split amongst analysts and interest rate traders as to what the RBA will do today. The casting vote from the 'chairman of RBA watchers', Terry McCrann, would seem to suggest that they stay on hold this time due primarily to the white-hot property market.
AUD/USD sentiment remains very heavy but consistent corporate bids between .7750/70 are holding it up for now.
The double-risk of RBA and ECB this week has led to short-covering in EUR/AUD, up 0.5% from yesterday morning's opening levels.
EUR/USD: Opens week with a very heavy feel
EUR/USD is currently trying to hang on to hourly support levels near 1.1170/80 but a break below here should hasten a test of recent lows around 1.1100. Nobody wants to buy the EUR at the moment, except to cover shorts it seems. Short-term resistance levels start at 1.1240.
AUD/USD steady in early trade, not reacting to Chinese rate cuts
The market has been expecting some stimulative measures from the PBOC and perhaps that's the reason for the lack of reaction from the AUD market.
The Chinese central bank cut the benchmark lending rate by 25 bps to 5.35% and the benchmark saving rate, also by 25 bps, to 2.5%.
AUD/USD is having difficulty establishing itself back above .7830 and AUD/JPY technical resistance will get heavier near the 100-sma at 94.60.
Large fixing flows expected today
Most of the big banks are expecting very significant end-of-month fixing flows later today and all the reports that I've read so far suggest that these flows will be heavily USD negative with the GBP expected to be the main beneficiary.
Overnight price action certainly doesn't agree with these presumptions but it's probably wise to keep this information at the back of your mind later today.
Exiting long AUD/USD play; too much uncertainty around EUR/USD
I don't like the overnight price action in EUR/USD and I'm exiting my long AUD/USD play basically at break-even.
It seems the market was caught long of cable and AUD/USD after a big EUR/USD flow hit the market and if EUR/USD continues to tumble then AUD/USD will likely follow, albeit to a lesser degree.
Could USD/CAD be the next to topple from the USD house of cards!
- Cable has been leading the way, first rejecting levels below 1.50 and the daily close back above 1.55 will have changed the psychological profile for this pair;
- AUD/USD has broken above .7850/75 and is threatening a basing formation. Talking my position here but I feel that we are headed to .83 cents in the shortish-term;
- USD/CAD could be the next card to topple from the USD house of cards! Needs to break and close below 1.2350 imho in order to reverse the bull trend;
- USD/JPY is in 116/120 consolidation and EUR/USD is similarly in sideways mode below 1.1500- these pairs will probably be the last to go in the event of a USD sell-off.
USD: I'm still clinging to the contrarian view
Nothing has changed compared to yesterday morning with all of the major USD pairs still well inside their short-term ranges. Fed Chair Yellen gave no indication of any rate-hike timing and USD/JPY was the most affected, giving back the almost 100 pip gain it had made during the day.
EUR/USD technical support near 1.1300 held for now but the bounces are pretty anaemic. AUD/USD broke below short-term support at .7750 but immediately bounced. USD/CAD was also influenced by the Poloz press conference and is currently trading at lows for the day.
Cable is giving me the strongest hint that the market isn't totally comfortable with its long USD positions, so I prefer to play the contrarian in expectation that we could see a test of big USD support levels at 1.1500 in EUR/USD and 116.00 in USD/JPY.
Range trading, apart from the GBP
- EUR/USD is in sideways consolidation below 1.1500. The market remains bearish. Only a break above 1.1550 will change the outlook.
- USD/JPY also in consolidation mode between 116/120 and there seems little point in trying to pre-empt the next medium-term move. The market is still very bullish on USD/JPY but cautiously bearish on crosses like EUR/JPY and CAD/JPY.
- AUD/USD is stuck between .7750/.7850 in the short-term and these phases normally end with a move in favour of the dominant trend (bearish in this case). Nevertheless, ever the contrarian, I'm long at current levels and hoping that a bottoming pattern emerges.
- The GBP continues to make gains on the crosses and EUR/GBP has almost reached what seem like longer-term equilibrium levels near .7200. If the USD does suddenly turn for any reason, I expect the most significant move to come from GBP/USD.