May 30, 2014
USD set for further gains against the GBP, CHF and EUR #2
As I said earlier in the week, the USD looks set to make further gains against the big European…
May 29, 2014
AUD/CAD: Technical resistance near 1.0110
There is a 38.2% retracement level of the 1.0260/1.0010 fall coming in near previous lows around…
May 29, 2014
AUD/USD: Expect 21-dma at .9301 to provide some resistance
The market has obviously been caught badly short on the AUD across the board, despite reports to…
May 29, 2014
GBP staying under pressure in early London trade
Many European financial centres are closed today but that's not stopping London traders from…
May 29, 2014
AUD/NZD testing important resistance levels above 1.0900
We've seen quite a sharp swing in the AUD after the mixed Capex data and AUD/NZD flows are to the…
May 29, 2014
GBP: Ongoing impact of cancelled Pfizer/Astra deal
As usual in the FX market, there are plenty of unknowns. Did Pfizer buy a large amount of GBP as a…
May 29, 2014
NZD to be focal point during early Asian trade
The close in NZD/USD below previously important support is likely to attract plenty of model and…
May 28, 2014
USD/CHF: 200-dma at .8987
The 200-dma comes in at .8987 for the Swissy and a break and close above there would be a solid…
May 28, 2014
NZD/USD: Very important technical support ahead of .8500
A break below .8500 would suggest a potential topping pattern. If this were to happen in…
May 28, 2014
Cable: Should find initial support near 1.6770
EUR/GBP is getting back towards more attractive 'sell' levels and anything near .8150 surely must…
May 28, 2014
GBP/CAD: One for the contrarians to keep an eye on
Without doubt, this has been one of the 'Liebling' trades of the past 6 months, with macro funds…
May 28, 2014
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…
May 27, 2014
Cable starting to feel very heavy
Those sell orders at 1.6880 capped the market perfectly and stops below 1.6800 are swiftly coming…
May 27, 2014
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.…
May 27, 2014
Hedge funds selling JPY and AUD
Just reading some flow information from BOFA in the FXWW chat-room which suggests that hedge funds…
May 26, 2014
USD/CHF: If you want to be long USD, then this could be the go
There have been various undefined market rumblings over the last few days re big accounts buying…
May 26, 2014
USD/CAD: Still short targeting 1.0760
This pair hasn't moved as fast as I had hoped and obviously I'd have been much better off playing…
May 26, 2014
Central bankers still keen to talk their currencies lower
Over the weekend we heard references from both the ECB (Coeure says that the ECB should take FX…