April 19, 2013
AUD/USD: Testing intraday offers again
Decent-sized selling interest was reported earlier today at 1.0335/40, which is where we are now…
April 19, 2013
AUD/USD: Look to play 1.0270/1.0330 range
I'm expecting a fairly quiet session unless the hedge funds have another go at moving the market…
April 18, 2013
AUD/USD: Locals caught bit short late in the day
Most of the local banks were bearish and short AUD today and they are being squeezed in late Asian…
April 18, 2013
USD/JPY: Fairly heavy stops reported below 97.50
Flows and OrdersUSD/JPYAUD,NZDGBP crosses
Cable: Clearer seen buying decent amount in recent trade. AUD/USD: solid bids 1.0260/65, stops…
April 18, 2013
Big hedge funds playing ranges in Asian session
I've just met up with an old friend who works with one of the big banks locally and he says that,…
April 18, 2013
AUD/JPY: Trading with soft tone in early Tokyo
Personally I can't see any reason to be bullish this pair at current levels given the upcoming G20,…
April 18, 2013
AUD/USD: Still looking very soft
Risk sentiment turned south again overnight with equity and commodity markets leading the way.…
April 17, 2013
AUD/JPY resistance levels at 102.10 and 102.85
Technical AnalysisUSD/JPYAUD,NZD
The market is currently stalling at a 50% retracement level near 102.10 but there is a much…
April 17, 2013
USD/JPY heading into European open near session highs
Trade IdeasUSD/JPYAUD,NZDJPY crosses
Obviously the up-trend is very strong yet I'm slightly surprised to see USD/JPY holding up so well…
April 17, 2013
AUD/USD: Minor technical resistance at 1.0400
Technical AnalysisJPY crossesAUD,NZD
The 38.2% retracement of 1.0580/1.0290 is at 1.0400. EUR/AUD continues to rally which should…
April 17, 2013
EUR/AUD: Long trade starting to make even more sense
Flows and OrdersAUD,NZDEUR/USD
Market is short of EUR and long of AUD. Double-bottom on the 4-hour chart has been confirmed.…
April 16, 2013
AUD/JPY: Taking my 10 pip loss
Well 12 pips, but we got within 5 pips of my stop so I'm not arguing.
April 16, 2013
AUD/JPY: Trying quick intraday short at 101.25
Trade IdeasAUD,NZDTechnical AnalysisUSD/JPY
This pair was trading below 99.00 earlier this morning and has enjoyed a massive intraday rally.…
April 16, 2013
EUR/JPY up almost 250 pips from this morning’s lows
I don't have a strong feel for the correct trading levels here so I'm leaving it alone. Overall I…
April 16, 2013
AUD inching lower after minutes
No surprises in the RBA minutes with usual double-speak regarding resources and interest rates. By…
April 16, 2013
RBA meeting minutes due later this morning
The AUD market has turned bearish and will be looking for reasons to sell. I'd consider it unlikely…
April 16, 2013
Gold: Buyers will return once shock-waves die down
The market had been talking about these big liquidation trades below $1515 in Gold for almost a…
April 16, 2013
AUD/JPY: Close below 100.00 will be worrying longer-term bulls
The AUD had a bear of a day yesterday, driven by big falls in precious metals, poor Chinese data,…