November 6, 2012
There will be a Green Moon before that horse ever wins a Melbourne Cup!
Yep, I said that this morning. I also said the RBA would cut rates. A reverse indicator is also…
November 6, 2012
AUD/USD: Reserve managers now likely to raise their bids
Reserve managers had been sitting on the bid just below 1.0300 but with only the AUD delivering…
November 6, 2012
AUD/USD testing offers after RBA no move
The high so far has been at 1.0415 as the RBA decides to leave interest rates on hold. Dealers say…
November 6, 2012
AUD/USD order boards heading into RBA
Modest bids in AUD/USD still around 1.0330 with heavier interest 1.0290/95: Offers starting at…
November 6, 2012
Market getting more unsure about prospects of RBA easing
Yesterday the market was putting then chances of an RBA easing at 56% whereas today the chances are…
November 6, 2012
Australian house price index only +0.3% despite interest rate cuts
Falling interest rates are not having the desired effect in the housing market, with house prices…
November 5, 2012
What to expect from the RBA tomorrow
One of the local Australian banks put out a note today, saying the the RBA is much more likely to…
November 5, 2012
AUD/JPY: Given market’s penchant for range trading, shorts preferred from current levels
USD/JPYTrade IdeasAUD,NZDTechnical Analysis
Unless you have a really strong reason for wanting to be long at the moment, I'd suggest that…
November 2, 2012
USD/AXY: Up to $6 billion bought during intervention this week
The scale of intervention is having some small success, with today's late move higher in the USD…
November 2, 2012
USD/AXY: No sign of any intervention today
Central banks and their agents have been very active this week in USD/HKD, USD/SGD and USD/KRW but…
November 2, 2012
Very quiet Asian session ahead of risk events tonight
Absolutely nothing to report from today's 'excuse' for a trading session. AUD/USD took out light…
November 2, 2012
USD slightly higher across the board in Asian trade; shorts covering ahead of NFP
AUD/USD triggered those aforementioned light stops above 1.0415 but stalled exactly at the reported…
November 2, 2012
AUD/USD: Inching higher; updated info on orders
AUD/USD is making marginal new highs above 1.0410 but dealers say that the stops above 1.0415 are…
November 1, 2012
EUR/USD: Sovereign buyers reported below 1.2920
USD/JPYFlows and OrdersAUD,NZDEUR/USD
AUD/USD: Reserve managers buying 1.0310/20; solid offers still 1.0400 with stops above 1.0415:…
November 1, 2012
USD/AXY flows point towards further EUR/USD support
USD/JPYFlows and OrdersAUD,NZDEUR/USD
Asian central banks have been busy again with the Bank of Korea and the Hong Kong Monetary…
November 1, 2012
Good-news day out of China
Both official and HSBC PMI data came in near or above expectations: The Shanghai index is over…
November 1, 2012
AUD unchanged after official China PMI comes in on expectations at 50.2
AUD/USD got above 1.0380 just before the data but has now slipped back to its opening level after…
November 1, 2012
Risk trades could get a lift today from HSBC China PMI
The official China PMI has been above the HSBC reading by an average of 2.2 points so far this…