November 9, 2012
Pre-weekend positional square-up underway
AUD,NZDJPY crossesEUR/USDEUR crosses
Dealers say that liquidity is terrible and relatively small flows are moving the market. It seems…
November 9, 2012
China CPI +1.7% YoY, -0.1% MoM
Bank of Korea left interest rates unchanged as expected: Not much going on in the majors, apart…
November 9, 2012
AUD/USD: Still short but its time to cover partially I think
The AUD looks fairly heavy this morning but then again it looked really well bid at 1.0470 as well…
November 9, 2012
Yen crosses likely to get squeezed lower as we near year-end illiquid markets
AUD,NZDFlows and OrdersJPY crosses
My argument here remains the same, hedge funds have been building large positions in the Yen…
November 8, 2012
AUD/USD back below 1.0400 as risk sentiment continues to sag
EUR/USD is below 1.2750, falling steadily in quiet-ish trade, and there's a general soggy feel to…
November 8, 2012
AUD/NZD: Employment data scissors move
We've had an employment data scissors move in this cross with shocking New Zealand data…
November 8, 2012
EUR/AUD technicals: Support levels hold firm 1.2210/20
EUR/USDTechnical AnalysisAUD,NZD
The 100-day MA comes in near 1.2210 and there is a 50% retracement level at 1.2220, which was…
November 8, 2012
Risk sentiment turns very sour indeed
The bulled-up analysts got it wrong, initially at least, after yesterday's election result and the…
November 7, 2012
Bank analysts: Bullish notes on JPY crosses
I'm just reading two notes from respected bank analysts and both are suggesting that we may be in…
November 7, 2012
AUD/USD: Breaks above reported sell orders at 1.0470
EUR/USDFlows and OrdersAUD,NZD
Doesn't look like there was much heavy interest there and AUD/USD is trading at session highs as…
November 7, 2012
Twitter going crazy now that election is over
I only follow about 30 industry professionals yet my Twitter page is updating every few seconds.…
November 7, 2012
USD/JPY the first mover and risk trades could follow
As expected, the prospect of an Obama win has led to USD/JPY positional squaring. Once the result…
November 7, 2012
AUD/USD: Buying dips now favoured in shortish-term
Yesterday's RBA decision certainly surprised me and I'm still sitting on my medium term short…
November 7, 2012
Professional market positioning turns short EUR again
EUR/USDUSD/JPYFlows and OrdersAUD,NZD
The biggest position amongst professional players at the moment is short EUR, according to data…
November 7, 2012
FX market still in stop-loss mode: Positioning light ahead of election results
EUR/USDUSD/JPYFlows and OrdersAUD,NZD
My main feeling at the moment is that the market is still in stop-loss hunting mode. Yesterday we…
November 6, 2012
EUR/AUD: Should be worth a risky intraday long near 1.2222
Technical AnalysisAUD,NZDTrade IdeasEUR/USD
There is a minor daily low at 1.2230 and a 50% retracement at 1.2220, so if you like all the…
November 6, 2012
AUD/JPY selling interest ensures USD/JPY stops get done
AUD,NZDFlows and OrdersUSD/JPY
Decent-sized selling interest in AUD/JPY near 83.60, coupled with a bullish AUD/USD, has ensured…
November 6, 2012
AUD/USD technicals: Scope now to test top of weekly wedge
The bulls seem to be back in control here at the moment and there is scope for a move towards…