August 18, 2014
GBP higher in early Asian trade after Carney comments
Cable closed last Friday around 1.6695 and has traded to 1.6730 in early interbank trade. Newspaper…
August 14, 2014
Focus now turning to the GBP crosses
Like we mentioned a couple of days ago, pairs like GBP/CAD are heavily over-positioned and ripe for…
August 13, 2014
Cable: Prefer to buy any intraday dips
The GBP looks a bit suspect overall on some of the crosses so I wouldn't be getting carried away…
August 12, 2014
GBP/CAD: Here’s one for the risk-reward contrarians
Ask yourself a question- were you short and bearish GBP/CAD at 1.55? Are you now long and bullish…
August 3, 2014
EUR/GBP: Happy to trade either side at the moment
EUR crossesFlows and OrdersGBP crosses
The overall bias is still bearish but the market is caught short in thinning August markets, hence…
August 1, 2014
EUR/GBP: Volatility picking up, now worth trading again
I still prefer the bearish bias here but the fact that the cross stayed reasonably well bid despite…
July 25, 2014
Cable: Weekly close below 1.70 would certainly trouble the bulls; 1.6970/1.7020 daily parameters
Long GBP has been the trade of choice (along with long NZD) amongst professional traders over the…
July 23, 2014
EUR/GBP catching bid tone after BOE minutes
EUR/USD ran into some significant bids near 1.3455 a little earlier; The BOE minutes have just…
July 15, 2014
Cable: Support levels holding but………….
EUR/GBP has found decent buying interest on dips below .7950 from EZ corporates; Macro funds were…
July 14, 2014
Cable: Macro stops building below 1.7055
Flows and OrdersFXWW NewsGBP crosses
A reliable Prime Brokerage source suggests that we could be in for quite a battle if cable trades…
July 9, 2014
UK economy: BRC survey shows large drop in annual prices
UK retailers say that prices fell by 1.8% in the year to June which would be the biggest annual…
July 7, 2014
Cable: Outlook for the week ahead- suggesting 1.7075/1.7325 range
BoE likely to be somewhat of a non-event this week and industrial/manufacturing data expected to…
July 3, 2014
GBP might be affected in early London trade by AUD syndrome
The GBP and the AUD have been reasonably closely correlated in recent weeks. We are either about to…
June 30, 2014
EUR/GBP still the stand-out big position in the market
The market is heavily short of EUR/GBP in an environment where there aren't many other big…
June 20, 2014
GBP/JPY: Likely to grab much of the focus during Asian trade
JPY crossesFXWW NewsGBP crosses
If anything happens during the Asian session then it's likely to be in cross pairs like GBP/JPY.…
June 20, 2014
Cable: No point in fading this rally just yet
The daily close above 1.7000 shows just how strong this trend is and those who'd been hoping to…
June 19, 2014
Cable: Market still eyeing stops above 1.7020
Flows and OrdersFXWW NewsGBP crosses
I'm hearing pretty much the same story as yesterday, a decent sized sell order near 1.7010 is still…
June 18, 2014
Cable: Trades above 1.7000 after minutes but ‘stops’ still safe
The high after the release of the BOE minutes was around 1.7005. Market chatter suggests that the…