Cable: Could be in danger of sharp spike lower


Heavy trailing stops are reported below 1.6265 and 1.6240; Market has been buying cable for some…

USD likely to stay bid through the holiday period


Most of the big recent moves have been in the crosses but the USD is looking increasingly likely…

AUD/NZD under pressure after RBNZ statement


Looks to me as if the market was in base-picking mode for last few days and now we are seeing their…

EUR makes gains across the board as progress made on bank-plan


Reuters reported that the EZ is making significant progress in coming up with a plan to tackle…

Silver closing in on resistance levels


Silver is up 50 cents from yesterday morning and the contrarian trade we looked at is looking…

Levels to watch during Asian trade


USD/JPY: Trying to form a double-top at 103.35 and some heavy profit-taking was reported yesterday…

GBP/JPY intraday: More gains looking likely


GBP/JPY has breached recent daily highs at 169.15 and closed above there; USD/JPY has had an…

Silver: Contrarian trade possibility


Despite comments from renowned Fed-watcher Hilsenrath that we may see some tapering sooner rather…

AUD: Still soft on the crosses to start the week


AUD/NZD is starting to spend a bit more time below 1.10 suggesting that more losses are possible;…

GBP/JPY: Good risk-reward for the contrarian bears


Looking for extremely over-bought or over-sold conditions can be a very profitable exercise in the…

GBP and EUR having a short vacation


Very little movement in either overnight; I've reduced my long position in GBP/USD as the…

AUD/USD: Trade data today and sentiment remains bearish


AUD/NZD traded to lows at 1.1002 last night as barrier protection held the first attempt; AUD/JPY…

USD/JPY: Headed back towards 100 in short-term


Trend highs at 103.70 were untested and the market ran out of momentum above 103.00 this time; All…

USD/JPY looking very soft as crosses turn south


Market is already quite long of USD/JPY according to most reports; EUR/JPY turned sharply lower…

AUD/JPY still driving lower, next support near 92.20


Option barriers at .9050 in AUD/USD have been breached; Heavy selling in AUD/JPY is the main…

Cable: Selling a bit more at 1.6410


There has been more positive data out of the UK and this has seen cable move back above 1.6400.…

AUD/JPY: Trade idea for the bearish contrarian


All those contrarians out there, like myself, should keep a close eye on this pair. If the 200-dma…

Big day for AUD with retail sales and RBA


Retail sales for November expected at +0.4% MoM; RBA widely expected to leave policy unchanged at…