March 11, 2014
AUD/USD: Very heavy turnover reported near .9020
Two of the big prime brokers have been reporting macro-accounts selling AUD against the USD and…
March 11, 2014
BOJ main risk event today
There is some speculation that the BOJ statement might contain some surprises and this might…
March 10, 2014
EUR/GBP: Plenty of activity in early European trade
Bearish trend-line has been breached near .8308, next target is the 100-dma at .8328; Goldman…
March 10, 2014
Risk trades off on lower stocks, lower CNY
Looks like we might have missed our chance to sell the risk trades like AUD/JPY for today with the…
March 10, 2014
USD/JPY: Market getting increasingly bullish, Citi adds to long position
I'm not quite sure what others are seeing that I'm not but it seems that many of the bigger players…
March 10, 2014
EUR/USD: Still well supported, buying dips favoured
Initial support is to be found around 1.3835 and if these levels attract plenty of buyers then we…
March 10, 2014
AUD starts week bit lower after China trade data
AUD/USD is 100 pips off it's Friday highs after relatively poor Chinese export data over the…
March 7, 2014
AUD/USD: Weekly close above .9080 would be very bullish event
RBA Stevens giving a speech this morning and no sign of any talking-down of the AUD; Market…
March 7, 2014
GBP likely to under-perform across the board
The GBP looks to have put in a top for now against the AUD and the EUR and if it's starting to…
March 7, 2014
AUD/JPY: +5% on the week
I wonder what happened to Monday's risk aversion when AUD/JPY was trading near 90.00? Now we are…
March 7, 2014
AUD/USD takes out important resistance levels; EUR/USD could be next
AUD/USD has breached previously important technical resistance at .9080 and a daily close above…
March 6, 2014
EUR/USD: Mixed expectations ahead of ECB
Most reports suggest that the market is sitting short of EUR/USD; Majority of analysts say ECB…
March 6, 2014
Australian retail sales +1.2% MoM
AUD/USD takes out stops above .9010 after better than expected economic data.
March 6, 2014
Goldman Sachs ECB expectations
They do not expect the ECB to ease although they may end the sterilisation of the securities…
March 6, 2014
GBP/AUD trade update: Feeling less bearish today
Like I mentioned below, I don't like the fact that AUD/NZD is consolidating at such low levels;…
March 6, 2014
Focus on AUD again with retail sales and trade data
Just like yesterday with the GDP data, neither retail sales or trade data is likely to have any…
March 5, 2014
USD/JPY: Talk of plenty of bids but I prefer ‘sell rally’ play
There was a lot of talk in the interbank market about the very large bids at 101.35/40 and then…
March 5, 2014
China’s National People’s Congress opens today
The main market focus will be on any mentions of economic growth forecasts with most analysts I've…