March 5, 2014
GBP/AUD update: Still running short strategy
I've been building a short position since yesterday inside of the broad consolidation range…
March 5, 2014
Australian GDP main event on the economic calendar
It's pretty obvious that the RBA is plotting a very steady course when it comes to interest rates…
March 4, 2014
EUR/JPY jumps 50 pips after Putin recalls troops
The traditional risk trades like AUD/CHF and EUR/JPY have rallied after Russian President Putin…
March 4, 2014
AUD making gains on crosses after upbeat housing data
My GBP/AUD trade is looking healthier after some reasonably upbeat Australian housing data. I'm…
March 4, 2014
RBA: Watch for comments on inflation, jobs and the AUD
Today's RBA meeting will keep interest rate policy steady but it will be interesting to see what…
March 4, 2014
GBP/AUD: Intraday short strategy
Risky strategy given the strong up-trend but for all the aforementioned reasons, I think the…
March 4, 2014
GBP will be vulnerable whilst geo-political uncertainties continue
In the short-term, the overly long GBP market will remain vulnerable to squeezes whilst the…
March 4, 2014
EUR/USD: RUB intervention main factor overnight
The Russian central bank sold over $10 billion of USD/RUB yesterday, as it sought to halt a run on…
March 3, 2014
GBP: Long positions might be threatened if risk-aversion escalates
Reports last week suggested that the market was getting very long of GBP across the board and the…
March 3, 2014
EUR/USD: Friday’s price action suggests more topside ahead
Notwithstanding the risk aversion in the market and the sell-off in EUR/JPY and EUR/CHF, Friday's…
March 3, 2014
USD/JPY: Favour selling rallies for test of 100.75
Trade has been fairly orderly so far but I still get the sense that the risk is to the downside in…
March 3, 2014
GBP/CHF trading near it’s 100-dma technical support
The GBP/CHF 100-dma, which comes in near 1.4720, has proven to be reliable support for this pair…
March 3, 2014
Risk trades lower in early interbank trade
EUR/JPY is trading near 139.50 and EUR/CHF is near 1.2100 as the market opens the week in risk…
March 2, 2014
Stop-losses and political tensions supporting the CHF
The situation in the Ukraine is making the traditional safe-haven CHF particularly attractive;…
February 28, 2014
Market rumours that PBOC band widening this weekend
USD/CNH spiked briefly up to 6.1340 before settling back near 6.1270 amid more chatter concerning a…
February 28, 2014
AUD/NZD: taking my ball and going home
Once again the NZD defeats me and I'm giving up on my latest attempt to pick a base in this pair.…
February 28, 2014
Choppy, tricky market-conditions continue
If I could come up with a few more adjectives to describe the current market conditions then I…
February 27, 2014
EUR/CHF: Daily support levels at 1.2165
Most of the action is once again in the crosses: AUD/NZD has taken out important daily support at…