May 10, 2013
AUD/USD: Booking partial profits from yesterday
I remain bearish on the AUD but with EUR/USD approaching Sovereign bids near 1.3000, I'm happy to…
May 9, 2013
Cable: Still needs to break above 1.5600 for further impulse
Have a look at the long term GBP/NZD chart and you get a sense of just how far the GBP has fallen…
May 9, 2013
EUR/USD: Base of trading range seems to be in place
Flows and OrdersTrade IdeasEUR/USD
I expect to see plenty of range trading in the EUR/USD over coming weeks. It seems that Sovereign…
May 9, 2013
AUD/USD: Important levels intact ahead of jobs data and Chinese CPI
Flows and OrdersTrade IdeasAUD,NZD
The big downside level to watch is obviously 1.0115, the spike low from early March, and dealers…
May 9, 2013
FX market moving into classic cross-movement phase
EUR/USDEUR crossesTrade IdeasAUD,NZDGBP crosses
I believe that pairs like EUR/AUD, GBP/NZD and the like are set for major moves higher. Have a look…
May 8, 2013
GBP/NZD: Contrarian traders should be having a close look at this one
I mentioned this pair a few weeks back and if it reverses properly then we will see a very sharp…
May 8, 2013
AUD/USD: Still prefer to sell rallies towards 1.0250
Flows and OrdersTrade IdeasAUD,NZD
Not much action in anything overnight and the market should stay very quiet until Chinese trade…
May 7, 2013
AUD/NZD breaks below 1.2000
Some of the big crosses are also on the move with AUD/NZD breaking below 1.2000, AUD/JPY taking out…
May 7, 2013
EUR/JPY intraday: Still prefer the buy-dip strategy
EUR crossesTrade IdeasJPY crosses
I was watching this pair closely on Friday night and it felt to me as if it had turned a corner…
May 6, 2013
Cable: Still struggling to break above 1.5600
I tried shorting this pair on Friday evening but gave up and thankfully booked only a tiny loss.…
May 6, 2013
EUR/JPY: Friday night’s price action suggests bull trend back on track
EUR crossesTrade IdeasJPY crosses
Anyone who traded through the NFP data on Friday probably has the same sense that I have, namely…
May 6, 2013
Technical support/resistance levels updated
Those who wish to access the new technical analysis support/resistance tables plus some…
May 3, 2013
Cutting short-term trades ahead of the weekend
I'm taking my 5 pip loss in the cable and my 85 pip profit in USD/JPY and heading into the weekend…
May 3, 2013
Levels to watch in the FX market, Friday May 3rd
Flows and OrdersAUD,NZDTrade IdeasEUR/USDUSD/JPY
Remember that China and Japan are closed again today so it should be quiet in Asia. AUD/USD bids…
May 2, 2013
AUD/NZD: Closing in on recent lows
I had thought that this pair might show some inclination to form a base near 1.2100 but that's…
May 1, 2013
GBP: Could surprise on the crosses; GBP/NZD for the mad contrarians
The market (myself included) had gotten very bearish on cable in particular and I have the feeling…
May 1, 2013
EUR/USD: I’m struggling to find reasons not to be bearish
Technical AnalysisEUR crossesTrade IdeasEUR/USD
After the debacle with Cypriot bank accounts, I have even less confidence in the EZ to get things…
May 1, 2013
USD/JPY: In consolidating markets, prices should revert towards the mean
Technical AnalysisTrade IdeasUSD/JPY
Possible double-top on the daily chart at 100.00, and this is the key topside level. Short-term…