September 28, 2012
AUD/USD: Some technical analysts getting all ‘bulled up’
No, I did not forget a few letters from the middle of 'bulled'! Yesterday it was cable where the…
September 28, 2012
Lack of bad news re Spanish bank tests is causing short-covering
I don't think we are witnessing any major move here, simply that some players were short EUR and…
September 28, 2012
AUD/USD: Drifting as local interbank players prefer shorts intraday
No-one is expecting any major moves in the AUD today but local dealers seem to prefer the short…
September 27, 2012
Seems to be large difference of opinion, retail vs professional markets
I certainly don't talk to everyone in the professional market but I do see pretty much everything…
September 27, 2012
AUD/USD technicals: Bearish channel suggests a top near 1.0430
This descending channel on the 2-hour chart has been pretty accurate recently and if it holds I…
September 27, 2012
AUD still grinding higher
Most of this region's institutional buying has been done now although there is likely to be another…
September 27, 2012
AUD well bid on back of asset manager demand
Well I did warn you! Forget everything else today, it's all about end-of-quarter flows which are…
September 27, 2012
Time to play some good defence
There were some excellent opportunities last Friday to enter the market and I feel that the 'easy'…
September 26, 2012
AUD/USD: Time to book some profit me-thinks
I'm still very bearish but I got in at very good levels last Friday so it makes sense to take some…
September 26, 2012
Asset rebalancing likely to be AUD and GBP positive
EUR/USDJPY crossesAUD,NZDGBP crosses
Its nearing the end of the financial quarter so we can expect turnover at the London Fix to be much…
September 26, 2012
AUD/USD: Heavy stops rumoured below the market
European bank is saying that macro funds have heavy stop-loss sell orders below 1.0330.
September 26, 2012
EUR/USD: Stops set-off below 1.2880
Flows and OrdersAUD,NZDEUR/USDGBP crosses
EUR/JPY looks like it also set off some stops and the EUR/USD fell 20 pips very quickly in what…
September 26, 2012
Nothing new emerging during Asian trade: NZD the big loser so far today
EUR/USDJPY crossesAUD,NZDGBP crosses
There have been no new developments over the last few hours, fundamentally or technically, and…
September 26, 2012
Nikkei likely to open sharply lower: EUR/JPY support at 100.20 might be threatened
I just picked up a nice piece of info on Twitter from Chris Weston who says that there are a large…
September 26, 2012
AUD/USD: Play downward channel 1.0280/1.0460
My view all week has been that the market will get continually more bearish as this week progresses…
September 25, 2012
Still running shorts but looking to book partial profits on dips
I added to my cable shorts earlier at 1.6255 and am hoping to book partial profits on dips to…
September 25, 2012
What the big Prime Brokers are reporting..
EUR/USDEUR crossesGBP crossesAUD,NZDJPY crossesOthers
Not much is the short answer, though it seems many of the big hedge funds are quite neutrally…
September 25, 2012
Commodities slightly higher; risk trades follow suit
The Chinese leading indicators index rose more than expected, oil prices rose overnight after…