July 12, 2013
Time to sit back and listen closely to what Mr Bernanke had to say
There has been so much verbal diarrhoea over the last few days and weeks, with everyone in the…
July 12, 2013
AUD/USD: Adjusting my trading range lower by 50 pips
I had been looking for consolidation between .9150/.9350 but it looks more likely that we see a…
July 12, 2013
Macros were big GBP/AUD buyers over last 24 hours
GBP crossesFXWW NewsAUD,NZDFlows and Orders
Prime brokers report that big macro funds started bailing out of GBP shorts and into AUD shorts…
July 12, 2013
EUR/USD: Anyone else smell a short market?
EUR crossesFXWW NewsEUR/USDJPY crossesTrade Ideas
Maybe I'm reading too much into this, and I probably am as I don't trade it very much, but the…
July 12, 2013
USD/JPY: Looking quite bearish to me
Most important factor here is short-term market positioning, and there has been again a big build…
July 12, 2013
AUD/USD: Still looks reasonably constructive but….
FXWW NewsAUD,NZDTechnical Analysis
Technical picture shows a shallow basing pattern (see chart). Risk-reward favours buying dips…
July 11, 2013
AUD/USD: Buying back smalls at .9205
I sold some earlier at .9295, just buying them back now to improve the average! I still like the…
July 11, 2013
AUD/USD: Happy to re-buy on dips towards .9180
JPY crossesFXWW NewsAUD,NZDTrade Ideas
EUR/USD still looks fairly heavy and it could drag AUD/USD with it back below .9200, but I see that…
July 11, 2013
Early Europe walks in to see EUR at much higher levels
It will be interesting to see what the Europeans think of EUR/USD near 1.3100? I think we may see…
July 11, 2013
EUR/JPY: Looking to trade 127/131 with definite bearish bias
I'm short this pair, having sold some more this morning, and I'm expecting to see some very choppy…
July 11, 2013
AUD/USD: Taking small profits off table
I'd be silly to ignore the 250 pips on the table so I'm booking more partial profits at .9295 and…
July 11, 2013
Levels to watch in afternoon trade
USD/JPYFXWW NewsAUD,NZDEUR/USD
I'm still of the same view, the EUR has done a lot of its work already and is overbought on the…
July 11, 2013
USD/JPY: Looking soft again after BOJ do nothing
The JPY crosses still look very soft to me and the reaction post-BOJ suggests to me that the market…
July 11, 2013
Australian jobs data: Topside risk for the AUD/USD
There has been some poor economic data over the last two days but the AUD has risen in spite of…
July 11, 2013
EUR/JPY: Adding to shorts at 130.20
JPY crossesFXWW NewsEUR crossesTrade Ideas
I've only got a very small position in this pair at the moment, thankfully given the wild…
July 11, 2013
Crosses get out of whack in these volatile stop-driven markets
AUD,NZDJPY crossesFXWW NewsEUR/USDEUR crossesTrade Ideas
This is how I see it. The market got way overly-exuberent on its taper-driven USD rally and we will…
July 11, 2013
AUD/USD: Reasonably orderly compared with EUR/USD! Look to book profits .9325/40
AUD,NZDFXWW NewsEUR/USDTrade Ideas
Certainly the size of short positions in the AUD/USD hasn't been as big as in EUR/USD, judging by…
July 11, 2013
EUR/USD: Wild wild short-covering
FXWW NewsEUR/USDFlows and Orders
The market loves to be short EUR/USD but they're getting well and truly hammered this morning…