Levels to watch in early European trade


AUD/USD: Expect this pair to stay now above .9025 and target more reported stops above .9110.…

AUD/USD jumps to .9050 on China trade data


I've added to my long position and I expect short covering to now pick up steam. The sharp increase…

USD/JPY eases bit lower after BOJ keeps policy steady


No major developments for the USD/JPY bulls from the latest BOJ meeting and USD/JPY has eased back…

AUD retraces earlier gains after jobs data


The unemployment rate fell slightly but the economy created less jobs and the AUD/USD has given…

AUD on the move early


Overnight highs above .9020 have been taken out and the bears will be getting worried. I'm looking…

Old cable traders made to feel young again; and cable heading higher


It was a crazy trading period for the cable whilst the BOE were issuing their forward guidance. It…

USD/JPY: Still bearish but cover shorts ahead of BOJ


I'm still short of USD/JPY and with the really big players selling in recent days, I'm in no big…

AUD/USD: Big day of data; one good piece will start short-covering binge


It's a big day of data with Australian jobs, Chinese trade, and of course the BOJ rate decision.…

Aug 8th: USD bulls getting squeezed as liquidity diminishes


USD/JPY has continued with it's slide south as trailing stops seem to get triggered every 50 pips…

Cable: Back to the good old, wild old days


Sorry but I've been tied up with admin surrounding the chat-room but I've obviously been watching…

AUD/JPY breakdown weakens the case for ‘bottom-picking’ the AUD


More stops have just gone off below 97.00 in USD/JPY and I think this will be a common theme in…

USD/JPY: Stops triggered below 97.50


The next leg of the run lower has started to pick up pace with the break below 97.50. There isn't…

FXWW/RM chat-room update


Thanks to all those who've applied for access to the new FXWW/Reuters Messenger chat-room which is…

EUR/USD: More gains ahead, targeting 1.3350 option barrier


Despite reports of really heavy selling at every level, we have still managed to close above 1.3300…

JPY outlook, Wednesday August 7th


USD/JPY sitting on technical support near 97.50 and we can expect stops below there. China noted…

AUD/USD outlook, Wednesday August 7th


The AUD looks reasonably stable this morning after yesterday's 25bps rate cut. Today's economic…

Cable longs in play, initial target at 1.5435


I took a small long position earlier today at 1.5350 (see post) for the very unscientific reason…

AUD/JPY: Possible double-bottom now at 87.20


This cross should be very interesting in coming sessions with a possible double-bottom at 87.20 and…