February 13, 2015
USD/JPY: Still firmly in consolidation range
USD/JPY has been stuck in a 116/121 range since early December and it looks likely to stay in this…
February 12, 2015
AUD employment data today
The Reuters smart estimate would seem to suggest that we might get some worse than expected data.
February 12, 2015
AUD/USD: Basing formation negated
Contrarians had been hoping that an inverted H&S might develop on the short-term charts but the…
February 11, 2015
EUR/JPY: Short-squeeze developing
It's pretty hard to know which of these currencies we should be selling but in recent weeks the…
February 10, 2015
All major pairs in consolidation mode: AUD/USD longs in play
Consolidation usually means continuation, which would be good news for the USD bulls. Ever the…
February 9, 2015
Trader sentiment still solidly USD-bullish
USD/JPY has threatened on a few occasions recently to break below its consolidation range but after…
February 6, 2015
AUD/USD touches .7860 after SoMP
The really heavy trailing stops must be a bit higher but the weaker ones have been triggered after…
February 6, 2015
EUR/USD: Cheap trade for the EUR/USD bears
I'm still bearish on the EUR crosses, EUR/AUD and EUR/NZD in particular, so it makes sense to look…
February 5, 2015
AUD/USD: More range trading expected today, retail sales data due
The AUD/USD consolidated over the last 24 hours in a 100 pip range and we can expect more of the…
February 4, 2015
AUD/USD: Looking to play .7725/.7850 intraday range
Spot AUD/USD is back to where we were yesterday pre-RBA but of course the AUD has lost significant…
February 4, 2015
Oil price reversal sends USD longs scurrying
USD/CAD was the main mover for very obvious reasons closely followed by EUR/USD, which triggered…
February 3, 2015
Prime brokers re-considering pricing in spot HKD and DKK
Interesting piece yesterday on Reuters regarding the on-going fall-out of the recent SNB-inspired…
February 3, 2015
Local journalists seem pretty sure that RBA will cut rates
Central banks often like to smooth the way to any policy change by giving subtle hints to financial…
February 3, 2015
AUD: Market still comfortable staying short ahead of the RBA
One thing we can be pretty sure of is that the RBA will release a more dovish statement this…
February 2, 2015
Australian PM under increasing pressure
Tony Abbott will present a major speech to the Press Club later this evening and many expert…
February 2, 2015
USD/JPY breaks lower in early interbank trade
USD/JPY has broken below its previous consolidation channel between 117.20/119.00 trading thus far…
January 30, 2015
EUR: Short-covering picked up pace overnight
The EUR has made significant gains against the GBP, CAD, and AUD over the last 24 hours with…
January 30, 2015
AUD/USD: Long and wrong (for now) yet again
Such is the contrarians life, constantly getting burned while probing for the turn. Since…