October 17, 2013
EUR/AUD: Backing off short-term resistance levels
AUD,NZDFXWW NewsTechnical AnalysisTrade Ideas
Even though there is the possibility of a double-bottom on the hourly chart I am still in the…
October 17, 2013
USD edging lower after White House announced Obama statement
The USD made some very modest gains earlier after the debt-deal got through the US senate and moved…
October 17, 2013
ANZ changes RBA forecast; now expecting no more cuts
Interesting that some of the big local banks are starting to change their tune and are now looking…
October 17, 2013
USD/JPY: Looks to have topside scope to 99.50
USD/JPYFXWW NewsFlows and OrdersTechnical Analysis
The daily chart is still in a sideways pattern with scope for a move towards 99.50 (see chart);…
October 17, 2013
EUR/USD: Lack of momentum makes it very hard to trade
EUR/USDFXWW NewsFlows and OrdersTechnical Analysis
Clever traders have been playing the 1.3460/1.3560 range; Possible topping formation (see chart)…
October 17, 2013
AUD/JPY: Technical resistance at 94.40/70
JPY crossesFXWW NewsAUD,NZDTechnical Analysis
Recent highs and the 200-DMA are looming nearby at 94.45/65 respectively (see chart). Temporary…
October 16, 2013
EUR/GBP: Don’t be in any hurry to book profits on shorts
GBP crossesFXWW NewsTechnical AnalysisTrade Ideas
Obviously I'm bearish and with a technical top in place near .8495 I don't see any reason to be…
October 16, 2013
No obvious trades as markets stay in doldrums
Flows and OrdersGBP crossesFXWW NewsTechnical AnalysisUSD/JPYTrade Ideas
Nobody wants to trade ahead of tomorrow's deadline and I'm certainly not blaming them. EUR/GBP:…
October 16, 2013
EUR/GBP: Shorts preferred with stops above .8505
GBP crossesFXWW NewsTechnical AnalysisTrade Ideas
This pair is less likely to be affected by any debt-deal silliness so we can start paying attention…
October 16, 2013
USD/JPY pops up on ‘deal’ rumours
USD/JPY is 20 pips higher as headlines hit the screens reporting that a deal to re-open the US…
October 16, 2013
Fitch places US on Rating Watch
USD/JPY has dipped to 98.00 after the announcement. No big surprise here, we had been warned that…
October 16, 2013
EUR/JPY: Think I stopped out near the top
FXWW NewsJPY crossesTrade Ideas
Certainly not the first time I've been stopped out near the top and probably won't be the last. My…
October 16, 2013
Cable finding plenty of support near 1.5915
GBP crossesFXWW NewsTechnical AnalysisTrade Ideas
There have been plenty of minor moves on the crosses but the big USD pairs remain relatively…
October 15, 2013
USD rallies are still selling opportunities
I'm staying out of the market until after the debt deal is announced tomorrow but I cannot see any…
October 15, 2013
AUD gets another small boost after RBA minutes
AUD,NZDFXWW NewsFlows and OrdersTechnical Analysis
The latest RBA minutes suggest that the Australian central bank is still willing to cut rates but…
October 15, 2013
AUD: Cross-pairs staying busy, well supported
FXWW NewsAUD,NZDFlows and Orders
AUD/NZD triggered trailing stops below 1.1300/10 before bouncing; solid bids reported at 1.1280…
October 15, 2013
It’s hip to be square
I think this is a very good time to have no positions in the FX market. These risk events like the…
October 14, 2013
FX market staying very quiet in Asia
The AUD has recovered from earlier losses, which were caused by poor Chinese exports data over…