June 11, 2013
AUD/USD: Support breaks and .9250 next stop
Turnover is still very heavy and support levels at .9390 has been breached. I'm still prepared to…
June 11, 2013
AUD/USD: Another marginal break but support holding for now
AUD,NZDFlows and OrdersFXWW News
Same old story here in Asia with heavy selling of the AUD probably still related to the big EUR/AUD…
June 11, 2013
Local banks still selling AUD
AUD/USD is testing ultra short-term support near .9415/20 as the local banks continue to sell. This…
June 11, 2013
AUD/USD: Look to return to more normal day-trading activities
Long-term technical support at .9390 held on the first test. Medium term down-trend is still in…
June 10, 2013
AUD/USD back near .9400 again; EUR/JPY still with bit of topside potential.
AUD/USD: The first attempt at cracking strong technical support at .9390 failed earlier this…
June 10, 2013
AUD/USD testing lows from October 2011
The AUD/USD has gapped 100 pips lower on the back of poor Chinese data (and the fact that everyone…
June 9, 2013
AUD: May be heavy on Monday morning after Chinese data
Chinese trade data showed a marked reduction in activity and this could give the bears another…
June 7, 2013
AUD: Goldman Sachs and Blackrock report overwhelming bearish conviction
Two of the more recognised names in the financial space are saying that basically 100% of everyone…
June 7, 2013
AUD/USD: Back below .9500 in thin trading conditions
The story doing the rounds is that one of the big local banks is working through a very large AUD…
June 7, 2013
Time to be short USD
AUD,NZDEUR/USDUSD/JPYTrade Ideas
USD/JPY is the lead pair here. Prices had already risen by over 30% from 76.00 and yet the market…
June 7, 2013
AUD/JPY: Big clean-out underway, more to come.
JPY crossesAUD,NZDFlows and Orders
I wouldn't be trying to pick bottoms in this pair anytime soon. Asset managers are caught the wrong…
June 6, 2013
Come on Aussie, just another 80 pips!
USD/JPYAUD,NZDGBP crossesTrade Ideas
I'm stuck with a bad AUD/USD position from yesterday at .9600 and being a stubborn old goat, I…
June 6, 2013
AUD still in free-fall
AUD/USD looks set to test important weekly support at .9390. EUR/AUD and GBP/AUD are well above…
June 6, 2013
AUD/JPY: Technical support levels looming
The 38.2% retracement of the entire 3-wave up-move from 74.50 to 105.50 comes in at 93.60. 2…
June 6, 2013
EUR/AUD: Don’t expect any big retracements
Strong uptrends like we are currently witnessing in EUR/AUD seldom suffer sharp retracements and I…
June 6, 2013
Risk trades staying heavy in early Asian trade
Not much bounce in the AUD/USD since it broke below .9500 and further losses still look likely. I'm…
June 6, 2013
EUR/AUD: Testing highs from October 2011
The power of reversal formations is very evident in the AUD and NZD crosses as these reversals were…
June 6, 2013
AUD/USD: Talk of barrier protection at .9500
The overnight lows were around .9510 and we are testing those levels again at the moment. There was…