May 16, 2014
EUR/USD: Support levels confirmed, buy dips with tight-ish stops
Plenty of stops got done yesterday amid unusually heavy turnover across all EUR pairs during early…
May 16, 2014
Plenty of intraday opportunities if we wait for ‘silly’ moves
The present FX market is totally lacking in conviction and seemingly unwilling or unable to follow…
May 16, 2014
USD/JPY: Next on the ‘get all stops done’ list
Yesterday we saw a stop-loss run in EUR/USD down through 1.3650 and with EUR/JPY now firmly…
May 15, 2014
AUD/CHF looking bit toppy on short-term charts
AUD/CHF seems to be running out of a bit of momentum and if risk-aversion picks up, then this pair…
May 15, 2014
Unrest in Vietnam could impact on risk appetite and the AUD
There is growing unrest in Vietnam with some Chinese factories having been burnt down and also…
May 15, 2014
EUR/USD: 1.3650/70 looming as critical support level
The market was bullish EUR/USD at 1.3950 pre-ECB and is now bearish 250 pips lower. The dovish…
May 15, 2014
USD/CAD: Added to short position
I still think this pair is likely to be one of the big movers and all it needs is one 'shock' to…
May 15, 2014
AUD/USD: Longs definitely favoured
The market reaction to the Australian budget was quite strong; US Treasury yields continue to…
May 14, 2014
EUR/USD finding support from ACB buyers
The Bank of Korea intervened very heavily during Asian trade, buying USD/KRW, and they will…
May 14, 2014
AUD and NZD; further short-term range trading ahead
Yesterday in Asia we traded a 5 pip range in AUD/USD for much of the day and we are opening at…
May 14, 2014
USD/JPY: Only a matter of time before we see a down-side clean-out
It's not so much the size of the positions, but the proximity of the stops which are the main worry…
May 14, 2014
EUR/USD: More medium-term sideways trading the most likely outcome
I certainly think there is significant potential for more downside in the EUR but this will happen…
May 13, 2014
AUD longs getting nervier as budget deadline nears
We pretty much know what's going to be in the budget and those hoping for higher AUD rates in the…
May 13, 2014
Australian budget night: Hair-shirt budget will impact on domestic growth
Higher taxes and reduced spending, heavy job losses in the public sector, and no new stimulus…
May 13, 2014
Hard work getting used to these slow-moving markets
The occasional bouts of activity get us ready for moving markets only for prices to slip back into…
May 12, 2014
EUR/GBP: Taking small loss on this morning’s long trade
The GBP has been good to me over the last few months and I'm not going to tempt fate by trying to…
May 12, 2014
AUD: Quiet start but starting to feel bit ‘soft’
Iron ore prices continue to slide lower and it may well only take one bad piece of economic data,…
May 12, 2014
EUR/GBP: Risky intraday longs in play
As you know I've been bullish GBP for quite some time now and booked my cable profits last week.…