March 20, 2014
USD/JPY: More range trading the likely outcome
I'm sure that the market will be getting bullish at the top and bearish at the bottom, but further…
March 20, 2014
EUR/GBP: Really starting to like the long trade
For someone who's been short and bearish for months, I'm surprised at how bullish I've now turned.…
March 20, 2014
Cable: Play 1.6400/1.6650 range
Short-term technical resistance at 1.6650 (trendline and 61.8% retracement) held perfectly…
March 20, 2014
EUR/USD: Looking to buy dips to 1.3785
The USD bulls are having a few moments in the sun post-Fed which was slightly more hawkish than…
March 19, 2014
EUR/USD: More likely to go up than down
The EUR is fairly neutral on the crosses, bullish against the GBP and CAD, medium-term overbought…
March 19, 2014
Cable: Buy big dips onto 1.64 handle
The GBP remains under pressure with quite heavy selling against the EUR, AUD and the NZD. Cable…
March 19, 2014
USD/JPY: Large bids reported towards 101.00
USD/JPY as usual will be all about stop-loss runs. The market is bullish and wants to buy. but…
March 19, 2014
AUD and NZD on cusp of big moves higher
I'm still holding off on calling a base in the AUD/USD as we could get some extended sideways…
March 18, 2014
AUD/USD: Order board reports suggest .9065/.9125 consolidation
FXWW NewsAUD,NZDFlows and Orders
Prime brokers refer to large offers starting above .9125 through .9140; Local bank reported very…
March 18, 2014
EUR/USD: Still very much in buy-dip mode
The only cross where the EUR is looking a bit susceptible is EUR/AUD (yet another reason to…
March 18, 2014
AUD/USD: Market is bearish but struggling for momentum
AUD/USD has been trading below it's 200-dma for almost a year now but it looks like we are priming…
March 17, 2014
IMM positioning shows continued moves into EUR
This is the HSBC update on IMM figures good up until last Tuesday. Long USD positions fell to…
March 17, 2014
AUD/USD: Early morning losses now reversed
The result of the vote in Crimea had widely been expected as had the PBOC band-widening. It was not…
March 17, 2014
FCA first regulatory body to license copy trading
We've expected this for many years but reports from last week suggest that the UK's FCA will be the…
March 17, 2014
PBOC band-widening had been widely expected
The move by the PBOC to widen the USD/CNY trading band to 2% had been widely anticipated over the…
March 17, 2014
Risk aversion to the fore in early FX market trade
AUD/USD is trading near .9000 and USD/JPY is at 101.25 as the market focuses on geo-political…
March 14, 2014
Goldman Sachs revises 12-month AUD/USD forecast down to 80 cents
If I were a total cynic, which of course I'm not, I would be saying that they are short :) Our…
March 14, 2014
EUR/USD: Still in dip-buying mode
Initial technical support comes in at 1.3840, which is hourly lows and a 38.2% retracement; There…