Levels to watch in Asian trade, Monday December 16th


Cable: Looks like 1.6240/50 is looming as the big level to watch here and a break below could see…

Technical glitches in Gold market this morning


Stops were triggered in USD/JPY above 103.50 after Gold seemingly fell by 2% but it turns out the…

Cable: Could be in danger of sharp spike lower


Heavy trailing stops are reported below 1.6265 and 1.6240; Market has been buying cable for some…

AUD: Real-money and reserve managers continue to sell


It will be difficult for the AUD to rally whilst bigger players are selling into increasingly…

Levels to watch during Asian trade


USD/JPY: Trying to form a double-top at 103.35 and some heavy profit-taking was reported yesterday…

EUR/CHF: Large barrier protection ahead of 1.2200


By the way, if you want more regular information on flows and orders then be sure to follow Milan…

Big player reportedly selling GBP/JPY


The giant Norwegian state pension fund has reportedly been selling GBP/JPY above 169.50 in early…

Important levels close-by in EUR/USD and USD/CHF


Recent daily lows provide technical support for USD/CHF at .8880; Barrier options are reported at…

EUR/USD: Obvious target at 1.3830


EUR/USD traded to highs near 1.3750 in early interbank trade but has now settled back near 1.3710.…

Early European traders chasing stops in USD/JPY and EUR/USD


Stops tripped above 1.3625 in EUR/USD with more reported above 1.3640; Stops tripped below 101.90…

AUD/USD now over 100 pips lower on the day


We saw highs near .9150 in very early trade this morning and the pair is still looking heavy, 115…

USD/JPY looking very soft as crosses turn south


Market is already quite long of USD/JPY according to most reports; EUR/JPY turned sharply lower…

AUD/JPY stops triggered below 93.05 after weaker than expected GDP


Q3 GDP came in lower than expected at +0.6% QoQ. This number is just another excuse for traders to…

USD/JPY: Reverses sharply as short-term market caught long


AUD/JPY and NZD/JPY were both at top of recent ranges; EUR/JPY was exhausted after triggering a…

Big day for AUD with retail sales and RBA


Retail sales for November expected at +0.4% MoM; RBA widely expected to leave policy unchanged at…

Cable: Target filled at 1.6410


The first of my longer term targets at 1.6410 has been filled. Remember that we've come from 1.50…

EUR/GBP: Stops triggered below .8290 in early interbank trading


I remember being on the receiving end of some dodgy GBP/DMK stops during early Monday morning trade…

Cable: Partial take-profit orders set at 1.6410


As you all know I'm very bullish on cable and have been for some time but I'm also a realist and…