Global Liquidity Conditions: So what should we be trading in spot FX world?


Global liquidity conditions were, according to quite a few learned commentators (eg Morris…

GBP crosses technicals


GBP/JPY sitting right on daily trend-line support; EUR/GBP sitting right above very important…

NZD/USD: Next technical resistance at .8647


There is a 50% retracement level and an hourly high coming in  at the same level.

GBP/CHF: Looking to buy near strong technical support at 1.4870


Trend-line and a 61.8% retracement level converge near 1.4870 (see chart); If buying this dip,…

EUR testing important support levels


EUR/USD is testing trend-line and 61.8% support at 1.3510/15; a clean break would indicate…

AUD/USD still looking heavy


Asian real money sellers capped the pair on Friday near .8820; Sentiment remains bearish as the…

EUR/GBP: Continue to trade the downward channel


One constant for me is the fact that EUR/GBP is headed lower; I'm continuing to trade the downward…

EUR/USD: Short side favoured as crosses look bearish


EUR/AUD is back at longer term median levels near 1.55 (although the daily up-trend remains in…

EUR/JPY topping formation looking more plausible


Possible topping formation ahead of 143.00 (see chart); Needs break and hold below 140.40 to…

AUD/USD: Initial resistance at .8820, look for stronger levels near .8870


The macro speculative market is piling into AUD/USD shorts, with .8500 seen now as a foregone…

AUD/USD: Favour playing from long side today


The professional speculative market is quite short of AUD already as a proxy for the 'China credit…

Levels to watch during European trade


USD/JPY: Technical resistance at 104.50 and sizeable sell orders at 104.60/65. USD/CAD: Barriers…

USD/JPY: Still feels like we could get a silly spike to 110+


I don't have a position in USD/JPY at the moment and therefore my opinion should carry less weight…

Cable: Bull trend in place but expect more sideways in short-term


4-hr chart shows the bull trend still in play but the MAs losing momentum (see chart); Major…

NZD/USD: Settling above previous hourly highs


Selling the NZD/USD was obviously not a good idea and the break above previous hourly highs at…

EUR/JPY: Topping pattern negated with break above 142.90


Any hopes the bears might have had of a topping formation have been dashed with the break above…

AUD/NZD testing trend lows again near 1.0750


The market can stay irrational longer than you can stay solvent! There seems to be no let-up in…

USD/JPY: Stops triggered in thin markets; technical support at 104.15/20


Markets remaining very illiquid during holiday period and stop-loss orders make easy pickings;…