July 14, 2014
Federal Reserve: Market closely watching Yellen for signals
The recent statements from the FOMC suggested that whilst tapering is underway, rate hikes are not…
July 14, 2014
Will we get some ‘normality’ now the World Cup is over?
We can only hope so! Another very quiet start to the FX trading week but that's understandable,…
July 11, 2014
Pack up your screen and enjoy the weekend
Unbelievably quiet in the FX market this morning in Asia. One would have thought that events…
July 11, 2014
AUD/JPY: Initial resistance at 95.15
Previously strong support levels at 95.15 broke yesterday afternoon and we are now sitting right on…
July 11, 2014
EUR/JPY: Should be main focus during Asian trade
There were a few scares running through the EUR over the last 24 hours; Global equity markets ran…
July 10, 2014
AUD/JPY: Strong technical case for bears now emerging
It's hard to get too carried away by any movements in the markets based on recent experiences but…
July 10, 2014
AUD/NZD: Look for sell opportunities especially if .8850 breaks in NZD/USD
I know it's silly to be talking about selling the AUD/NZD at these historically low levels but most…
July 10, 2014
AUD: Australian unemployment rate 6.0%; economy added 15,900 jobs
Market had been expecting an addition of 12,000 jobs and a jobless rate of 5.9%
July 10, 2014
USD edging lower across the board in early Asian trade
The NZD/USD is edging higher towards important technical resistance at .8845, AUD/USD is back at…
July 10, 2014
Likely intraday ranges for Asian session, July 10th
Based on recent history we can expect more tight ranges in Asia with the NZD offering the best…
July 10, 2014
NZD/USD: Market focusing on .8842 highs
The post-float highs from a few years back at .8842 are coming clearly into sight and this will…
July 9, 2014
Hedge funds adapting, trading increasingly small ranges
It's a case of adapt or die in the hedge fund space and professional traders are being forced to…
July 9, 2014
UK economy: BRC survey shows large drop in annual prices
UK retailers say that prices fell by 1.8% in the year to June which would be the biggest annual…
July 9, 2014
USD/JPY looking most likely of majors to make big move
Larger positions will tend to get increasingly nervous the longer a currency pair trades in a…
July 8, 2014
USD/JPY: Favour selling intraday rallies to 102.15/20
I quite like the risk-reward in selling near 102.15/20 with stops above 102.90, targeting a move…
July 8, 2014
Professional market staying very bearish on EUR
Citi FX strategy 'trade of the week' is short EUR/USD; Morgan Stanley 'trade of the week' is short…
July 7, 2014
NZD/USD trading lower in early Asian trade
It looks like off-shore sellers, probably Japanese, are behind the fall in the NZD over the last…
July 7, 2014
Cable: Outlook for the week ahead- suggesting 1.7075/1.7325 range
BoE likely to be somewhat of a non-event this week and industrial/manufacturing data expected to…