Asian market open


FXWW Asia Open Briefing[1] First impressions are that I prefer to be long USD/JPY and to buy dips…

AUD/JPY: Taking small long position with stop below 86.10


Solid technical support at 86.25/40; Lot of buyers suddenly appearing in AUD/USD near .8900;…

USD/JPY: Buying dips favoured


The most obvious trade to my eye is to buy dips in USD/JPY whilst the wedge consolidation pattern…

EUR/JPY: Could be a good risk-reward prospect for dip-buyers


Presently we are seeing some severe risk-aversion amongst the major FX pairs whilst the EMs are…

USD/INR in disarray


That's how my friend who covers emerging markets for Reuters is describing the price action. The…

USD/INR on march higher again


AUD/USD has posted fresh lows below .8925 with the FX market using it as a proxy trade for the…

EUR/JPY technicals: Still looks like classic consolidation


The daily chart is trading sideways in a classic consolidative wedge formation, with edges…

AUD/JPY: Volatile but maybe best left alone whilst cynics at play


There was a nasty spike lower earlier this morning in AUD/JPY to levels near 86.55 before it…

EUR/USD keeps on grinding higher but be wary of big bullish spike


If you are bullish EUR/USD then you are in a definite minority. The EUR was supposed to have died…

GBP: Plenty of two-way flows to end the month


EUR/GBP rose 40 pips yesterday on the back of M&A flow chatter; Asian Sovereign Funds…

USD/JPY outlook: Prefer to buy dips towards 96.60


Consolidation wedge pattern still in play with base at 96.60 (see chart); AUD/JPY support at…

AUD outlook: Possible double-bottom in AUD/USD but AUD/JPY still looking soft


AUD/USD has the possibility of forming a double-bottom but needs to break above .9070 to confirm…

Asian market open, Wednesday August 28th


Thanks to Milan in the chat-room for this FXWW Asia Open Briefing, I'm sure he won't mind me…

Heavy flows reported in major pairs


EUR/GBP back at its pivot near .8600; Heavy bids in USD/JPY near 98.00 have been soaking up…

AUD/JPY still sliding as focus remains on emerging markets


Asian currencies are continuing to slide against the USD and regional stock-markets are uniformly…

TRY hits fresh lows against the USD


USD/TRY has hit fresh highs near 2.0060 which might spark further risk aversion amongst the major…

USD/JPY: Bids proved solid near 98.00


Despite the relatively heavy selling in AUD/JPY and the presence of stops below 98.00 in USD/JPY,…

AUD/JPY triggering some stops in early Tokyo


Finally a bit of movement and it's come from AUD/JPY and NZD/JPY. The break below 88.60 has set off…