Levels to watch in majors as USD struggles during Asian trade


USD/CAD: Technical support at a 50% retracement level 1.0725; AUD/USD: Recent daily highs at…

Cable: Market still eyeing stops above 1.7020


I'm hearing pretty much the same story as yesterday, a decent sized sell order near 1.7010 is still…

AUD/USD: Option players still dominating ranges


I'm sticking with my strong buy-dip bias in the AUD/USD and I expect the AUD to continue to make…

USD/JPY: Hedge funds main driver behind recent rally


It's getting increasingly hard for professional traders to generate any returns in these markets…

USD/JPY: Heavy turnover overnight, more sell orders ahead


There were offers of up to $1 billion at regular intervals on the interbank platforms starting at…

AUD/USD: Sell orders reported starting at .9320


All of the AUD buying over the last 24 hours has been cross-related judging from interbank flow…

USD set for further gains against the GBP, CHF and EUR


Cable looks to be offering the clearest sell signal with resistance levels now likely to be very…

Pfizer cancellation of AstraZenica takeover could be bearish for cable


It's always difficult to know how much (if anything) was pre-bought ahead of such M&A deals.…

Hedge funds selling JPY and AUD


Just reading some flow information from BOFA in the FXWW chat-room which suggests that hedge funds…

AUD/USD: Closing in on stops below .9270


The second level of intraday stops were reported this morning below .9270 (first below .9310) and…

USD/JPY: Capped below 102.00 but very solid bids still being reported


All those hoping for some volatility in USD/JPY may be disappointed again. I'm hearing reports of…

USD/CAD: Stops reported below 1.0925


I read some reports this morning of large-ish stops in USD/CAD below 1.0925 and it's worth keeping…

Flows and Orders updates


Citi bank reporting that end-of-month hedge re-balancing flows are likely to be relatively…

Cross flows driving EUR/USD higher


Cable caught a bid tone on the back of M&A chat; EUR/GBP is well bid on the back of…

Cable flows: Bids at 1.6760, stops below.


There were large stops reported yesterday below 1.6760 but interestingly the overnight low was…

AUD/USD still hunting stops below .9290


The AUD is in sharp reverse across all the crosses and the stop-losses reported earlier in the…

AUD/USD: Edging higher on back of real money demand


The AUD/USD opened this morning around .9330 and has edged slowly higher on the back of demand from…

Cable: Large stop-loss orders above 1.6830 (could get nasty in Twilight zone)


There are some large stop-loss buy orders above 1.6830 in the cable and although that's still 40…