July 25, 2014
Cable: Weekly close below 1.70 would certainly trouble the bulls; 1.6970/1.7020 daily parameters
Long GBP has been the trade of choice (along with long NZD) amongst professional traders over the…
July 25, 2014
AUD/USD dragged back towards large optionality at .9400
The USD has made some decent gains across the board with profit-taking in GBP/USD and NZD/USD…
July 24, 2014
NZD/USD: Still looking very soft, best wait with buy-dip strategy
Absolutely no respite for the NZD today and the bears have taken over control. NZD/USD is…
July 24, 2014
SNB Jordan: Cap on CHF remains key policy tool
Reuters headline quoting a newspaper interview with the SNB Chief. No surprise there.
July 24, 2014
NZD/USD: Model funds triggering stops below .8590
FXWW NewsAUD,NZDFlows and Orders
Most of the action is still in the flightless bird with stops triggered below .8590 in NZD/USD and…
July 24, 2014
AUD trying to edge higher after China flash PMI
FXWW NewsAUD,NZDFlows and Orders
The number was slightly above expectations and the market seems happy to try buying the AUD.…
July 24, 2014
NZD: No sign of bounce despite decent trade data
The monthly trade data for June has just been released and it came in slightly better than…
July 24, 2014
AUD: Fundamentals slightly more bullish
Iron ore prices have been falling in recent months but export volumes have been increasing with…
July 24, 2014
NZD/USD: Looking for dip-buying opportunity, keep close eye on price action
My macro view remains the same that the commodity currencies will stay strong whilst the big 3…
July 24, 2014
NZD falls heavily after RBNZ signals pause in tightening
I think many people can make a very solid argument that the RBNZ should not have tightened this…
July 23, 2014
EUR/GBP catching bid tone after BOE minutes
EUR/USD ran into some significant bids near 1.3455 a little earlier; The BOE minutes have just…
July 23, 2014
Compliance is King
The WSJ blog published these excerpts from a letter that the NY Fed sent to Deutsche Bank. Now we…
July 23, 2014
USD/JPY: Definitely prefer the sell-rally play in short-term
Yen crosses still look liable to deeper falls in my view, led by EUR/JPY but with others like…
July 23, 2014
Technical trades worth watching in AUD/JPY and USD/CHF
I'll add the rider that momentum-less markets don't trade well technically but some of these…
July 23, 2014
Usual rules still apply; sharp moves followed by sideways action
Unfortunately the early-European move in EUR/USD has followed recent market behaviour and started…
July 22, 2014
EUR: Another 50 pip move then we stop?
Well I certainly hope not! But recent history and lack of momentum would suggest that the market…
July 22, 2014
What sort of leverage is the hedge fund industry currently using
I'm just reading through some interesting industry research on the level of leverage used by 24 of…
July 22, 2014
Retail and Pro traders yet to take up slack from interbank market
Hearsay from the interbank market tells us that proprietary trading has now virtually disappeared…