May 16, 2014
USD/JPY: Next on the ‘get all stops done’ list
Yesterday we saw a stop-loss run in EUR/USD down through 1.3650 and with EUR/JPY now firmly…
May 15, 2014
AUD/CHF looking bit toppy on short-term charts
AUD/CHF seems to be running out of a bit of momentum and if risk-aversion picks up, then this pair…
May 15, 2014
Unrest in Vietnam could impact on risk appetite and the AUD
There is growing unrest in Vietnam with some Chinese factories having been burnt down and also…
May 15, 2014
AUD/USD: Longs definitely favoured
The market reaction to the Australian budget was quite strong; US Treasury yields continue to…
May 14, 2014
EUR/USD finding support from ACB buyers
The Bank of Korea intervened very heavily during Asian trade, buying USD/KRW, and they will…
May 14, 2014
AUD and NZD; further short-term range trading ahead
Yesterday in Asia we traded a 5 pip range in AUD/USD for much of the day and we are opening at…
May 13, 2014
AUD longs getting nervier as budget deadline nears
We pretty much know what's going to be in the budget and those hoping for higher AUD rates in the…
May 13, 2014
Australian budget night: Hair-shirt budget will impact on domestic growth
Higher taxes and reduced spending, heavy job losses in the public sector, and no new stimulus…
May 12, 2014
AUD: Quiet start but starting to feel bit ‘soft’
Iron ore prices continue to slide lower and it may well only take one bad piece of economic data,…
May 9, 2014
AUD/USD: Looking to play .9330/.9430 intraday range with bullish bias
Present markets are all about stops and I'd expect there to be plenty of stops above .9430; Seems…
May 8, 2014
AUD/USD making fresh intraday highs
The AUD is making fresh intraday highs against the NZD and the USD and looking quite comfortable at…
May 8, 2014
AUD/USD pops up after decent jobs data but plenty of sellers around
There is some hourly technical resistance in AUD/USD near .9360 and that seems to have attracted…
May 6, 2014
NZD/USD negates possible H&S formation
There had been some speculation regarding a potential H&S in the NZD/USD but this has been…
May 6, 2014
AUD ticking higher after RBA as expected
No surprises from the RBA but it looks as if the market may have been sitting a bit short as the…
May 6, 2014
What to expect from the RBA
Not much is the short answer. Most bank analysts here in Australia are expecting the core of the…
May 6, 2014
Plenty of AUD data to get the market moving
It should be a big day for the AUD with the RBA rate decision preceded by the trade data for March.…
May 5, 2014
AUD/USD: Short-term strategy; prefer to sell intraday rallies now
The latest US employment data was quite solid and should give the USD some modest short-term…
May 5, 2014
NZD continually baffles the bears
The market's strongest currency on Friday was the NZD and the only explanation I can think of is…