Emerging markets finally take a breather


South American EMs were relatively quiet overnight but not before INR and TRY made fresh lows…

Fed tapering likely underway already


Many traders who follow Fed action in Treasury auctions are increasingly convinced that the Fed has…

Quick overview of Asian trade


Focus still on EMs, with USD/INR making fresh highs above 65.00 before RBI stepped in to slow it…

Central banks still trying to stem USD/AXY momentum


The Reserve Bank of India are in the market trying to stall the rampant move higher in USD/INR…

Changing my tune on the USD


USD/AXY moves are telling us something very loudly; EUR/USD and cable are sitting close to…

GBP outlook: Still looking strong on the crosses


The GBP has eased lower in early Asian trade after BoE Weale said further QE could happen under…

USD/JPY outlook: 96/99 consolidation with bullish bias


USD/JPY looks and feels bullish but we've read this book before; Charts show wedge consolidation…

AUD/USD outlook August 22nd: Targeting .8850 test


Main risk event today is the HSBC China PMI; Close below .9000 is psychologically important and…

FOMC minutes fail to add clarity


The USD has made modest gains against the EUR and JPY over the last 24 hours and has made…

Flows and orders updated


Two big German corporates noted sellers of EUR/USD in early European trade but real money funds…

USD/AXY remains well bid as repatriation flows dominate


The main two movers in recent sessions, USD/INR and USD/IDR, are both over 0.5% higher late in…

Look to emerging markets for key to today’s movements in Asia


Unless you have a professional news platform, it's pretty hard to keep up with exactly what's…

GBP/USD: Still long, still like it; 1.5750 critical resistance


I'm not sure that my timing is correct on this trade but I will persevere as I believe that the GBP…

AUD: Looking heavy on the crosses


EUR/AUD closed back above it's previous pivot at 1.4750. AUD/JPY fell vertically at times…

USD/JPY: Plenty of sideways trade


Fed tapering and BOJ expansion ensure a bullish set-up for USD/JPY; But, the market is already…

EUR/USD: Main risk still to the topside


I think you just have to read the comments on this or other sites to realise that the overwhelming…

Asset managers still fleeing emerging markets


The main factor in the financial markets is the exodus from Emerging Markets by professional…

EUR/AUD: Topping formation negated; buy-dip proposition once again


Yesterday we had strong support at 1.4450 holding firm in EUR/AUD and today the prospective topping…