FX market open, week November 4th: Still looking to sell USD rallies


My opinion hasn't changed and I'm still looking to sell medium-term USD rallies in preparation for…

USD/JPY: Approaching short-term support levels between 97.50/70


Typical Friday trade, squeezing out the least committed positions. USD/JPY and EUR/JPY have been…

AUD/CHF trade looking more promising


The break above .8600 has my long trade from yesterday looking slightly more promising (see chart)…

EUR/USD technicals: Clear target at 1.3420


5-wave up-move is currently retracing; Stalling for now at a minor Fibo but obvious support at…

Cable technicals: Double Trouble


Two big possible scenarios here and we need to wait and see which one plays out (see chart). There…

Market staying in cross-trading mode


Higher than expected EZ unemployment and lower than expected CPI put more easing measures back on…

AUD/CHF: Small longs in play


I have not been particularly good at picking trades in recent days so I'm keeping positions light…

Most flows in crosses during Asian trade


The AUD has been well supported on the crosses with solid demand from a number of big Asian…

AUD/USD: Favours a .9420/.9520 trading range


Previous highs turned pivot at .9520 should offer solid resistance; Sovereign bids expected…

NZD jumps after RBNZ


The no-change decision was expected but the language is more hawkish than many had anticipated and…

USD/JPY: Stops triggered above 98.40 post-FOMC


It's also interesting to note that many of the big sell orders from Japanese banks are reported to…

Moody’s considered cutting New Zealand from AAA


These are the reports just going through the market. The NZD/USD has dropped sharply from .8265 to…

No change in early Asian trade but some orders to report


Worth noting that some of the big USD/JPY sell orders have reportedly moved higher, closer to…

Asian market open, Wednesday October 30th


The USD has made more ground overnight, breaking through short-term resistance against the Yen…

USD starting to look stronger but needs to break up against the EUR and JPY


AUD/USD has managed to break back below strong technical support at .9520 and cable has formed a…

Heavy turnover as stops triggered across the board


Heavy selling across all GBP pairs with stops triggered below 1.6100 in cable and above .8550 in…

AUD/JPY testing short-term support levels near 93.00


There might be some stop-loss orders directly below a recent low at 92.95. This is all about…

Stopped out of GBP/AUD after Stevens comments


Can't say that I'm surprised by his comments but my little bet that he would stay neutral…