July 30, 2013
AUD showing some early weakness
As I mentioned earlier, the AUD is looking weak today against most of the other majors. Intraday…
July 30, 2013
AUD: Levels to watch in today’s trade
Trade IdeasAUD,NZDFXWW NewsTechnical Analysis
Should stay quiet with only a speech by RBA Governor Stevens to look forward to. Previous short…
July 30, 2013
AUD/USD: Case for bottom pickers looking a bit shakier
I thought that the AUD/USD bottom-pickers were holding some pretty strong cards yesterday and the…
July 29, 2013
AUD/USD: Time to start using trailing stops
I'm not a great believe in the use of trailing stops (for the simple reason that they usually get…
July 29, 2013
AUD/USD: Topside pressure should increase as AUD/JPY nears 90.00
The JPY crosses are weak in the face of heavy positional liquidation and AUD/JPY is drifting…
July 29, 2013
AUD/USD: Still prefer to buy dips for break above .9350
Flows and OrdersOpen/WrapFXWW NewsAUD,NZD
As with USD/JPY, I expect positional adjustment to be main factor in the AUD/USD. AUD/JPY is still…
July 26, 2013
AUD/USD: Looking to book interim profits near .9330
Trade IdeasAUD,NZDFXWW NewsFlows and Orders
It's Friday after all, so unless AUD/USD takes off vertically in the next few hours I will look to…
July 26, 2013
NZD/USD: Strong technical resistance near .8180
Trade IdeasAUD,NZDFXWW NewsTechnical Analysis
If you're a die-hard USD bull then maybe NZD/USD might give you some joy. The close above .8060 was…
July 26, 2013
AUD/USD: Looking pretty solid mid-way through Asian session
AUD/USD rallied in a straight line form .9150 to .9275 much earlier this morning and the pull-back…
July 26, 2013
EUR/AUD, GBP/AUD set to reverse?
EUR crossesTrade IdeasAUD,NZDGBP crossesFXWW NewsTechnical Analysis
Two separate technicians, who are usually very insightful, are telling me that these two crosses…
July 26, 2013
Don’t jump in this morning, wait and see if volatility returns
USD/JPYTrade IdeasAUD,NZDGBP crossesFXWW NewsEUR/USD
The market has been bullish USD on the back of expected QE tapering for some months now. The…
July 26, 2013
NZD/USD technicals: Strong close above .8060 suggests more gains ahead
Technical AnalysisFXWW NewsAUD,NZD
Resistance at .8060 (see chart) was supposed to be strong but it was easily broken and we are…
July 26, 2013
AUD/USD: Sticking with longs, headed for 96 cents in next few weeks
Support levels near .9130/50 held yesterday despite some very heavy pressure and with the USD…
July 25, 2013
AUD/NZD the main mover in quiet Asian trade
The RBNZ no-decision was the main event today and even though this was expected, the fact that the…
July 25, 2013
AUD/USD: Added to longs in early trade
Of course the AUD always looks worst at the bottom and it looks so bad now, surely this must be a…
July 25, 2013
Get-together for Sydney regulars later today
A few of the die-hard regulars are meeting up this evening to tell a few lies, from about 6pm-9pm…
July 25, 2013
AUD/USD: Longs should keep intraday stops below .9125
AUD/NZD has taken out 1.1500 after the RBNZ and we now must wait and see what the market reaction…
July 25, 2013
AUD/NZD sitting just above 1.1500 ahead of the RBNZ
Trade IdeasAUD,NZDFXWW NewsTechnical Analysis
The AUD is back towards the lower end of recent ranges against most of the other majors, after…