May 8, 2013
AUD/USD: Still prefer to sell rallies towards 1.0250
Flows and OrdersTrade IdeasAUD,NZD
Not much action in anything overnight and the market should stay very quiet until Chinese trade…
May 7, 2013
AUD/NZD breaks below 1.2000
Some of the big crosses are also on the move with AUD/NZD breaking below 1.2000, AUD/JPY taking out…
May 7, 2013
AUD/USD: Sell rallies back towards 1.0225/30
The rate cut has pushed the AUD/USD back below 1.0200 and I'd expect any rallies to be capped by…
May 7, 2013
What to expect after the RBA meeting
If they cut by 25bps: I would expect to see a sharp drop below 1.0200 and any subsequent rallies…
May 7, 2013
Futures market 50:50 on rate cut
The futures market is split right down the middle on today's rate decision whilst the majority of…
May 7, 2013
AUD staying steady, Yen crosses easing slightly
AUD,NZDFlows and OrdersUSD/JPY
USD/JPY is holding steady near 99.00 and the AUD/USD hasn't managed to test the important 1.0220…
May 7, 2013
AUD/NZD sitting above important psychological level
Looks like it will only be about the AUD today and there are plenty of big levels to watch.…
May 7, 2013
AUD: Big hedge funds selling again in overnight trade
This in itself is no surprise because some of the big macro funds have been consistently selling…
May 6, 2013
AUD/USD: First layer of support noted near 1.0260
Local dealers say that order boards are still pretty light but that the first layer of support…
May 6, 2013
RBA: Case gets stronger for a 25bps cut tomorrow
I think it should be a foregone conclusion that the RBA cuts tomorrow, given what's happening at…
May 3, 2013
RBA will cut by 25bps next week, maybe even 50bps
Australian rates are at 3% in a world where the ECB is considering negative rates and whilst US…
May 3, 2013
Levels to watch in the FX market, Friday May 3rd
Flows and OrdersAUD,NZDTrade IdeasEUR/USDUSD/JPY
Remember that China and Japan are closed again today so it should be quiet in Asia. AUD/USD bids…
May 2, 2013
AUD/USD support holds the first test
1.0225 has been tested quite seriously, as has the AUD/NZD support at 1.2050, and both have held on…
May 2, 2013
AUD/NZD: Closing in on recent lows
I had thought that this pair might show some inclination to form a base near 1.2100 but that's…
May 2, 2013
AUD/USD: Solid buying interest still reported near 1.0225
I'm hearing from a few local banks that the corporate and Sovereign bids are still in place near…
May 2, 2013
AUD weakness gathers fresh momentum
EUR/AUD has broken out of its recent consolidation range and is now targeting 1.2950 (chart in…
May 1, 2013
AUD/USD: I don’t care, I’m staying bearish for now
Demand for commodities is easing and prices are falling. Precious metal prices also look to have…
May 1, 2013
I wish I knew what was going where!
Flows and OrdersUSD/JPYTrade IdeasAUD,NZDOthers
I'm still sitting with a core long position in USD/CHF but I haven't been able to get into the…