October 23, 2012
Very slow going in early Europe; best we get used to this!
I'm afraid that we may be in for extended quiet periods in the market and its hard to know where…
October 23, 2012
Cable: Sovereign buyers reported starting at 1.5970
GBP crossesFlows and OrdersAUD,NZDEUR/USD
These buyers have been very patiently sitting at the same level for quite some time now and the…
October 23, 2012
EUR/USD: Plenty of downside stops now building
Last week we were in stop-loss hunting mode on the topside and I expect the market to continue in…
October 23, 2012
What to do now the debate is over?
CNN polling has 48% calling Obama the winner and 40% calling Romney. Based on this, we have two…
October 23, 2012
Japan FinMin denies reports that government is pressuring BOJ for more easing
Headline on DowJones; this might see the Yen crosses drift a bit lower.
October 23, 2012
Cheap trade of the day
I have no strong views at all this morning but a friend of mine who's an excellent AUD trader…
October 23, 2012
No need to adjust your sets, nothing going on
Check back in an hour and see if anything's started moving, in the meantime get those unwelcome…
October 23, 2012
Yen crosses open in Tokyo with bid tone
USD/JPY is again knocking on the door of some sizeable offers at 80.00 and both EUR/USD and AUD/USD…
October 23, 2012
RBA: More public comments regarding the high AUD
Yesterday it was Jillian Broadbent who was quoted in the mainstream press as saying that the AUD…
October 23, 2012
Romney-Bernanke trade
There is increasing speculation that a Romney victory in the US Presidential election could lead to…
October 23, 2012
Asian market open
You can click through here and read my opening comments on FX Street.
October 22, 2012
JPY crosses still marching higher
No sign of this afternoon's move higher in the JPY crosses to lose momentum. EUR/JPY has tripped…
October 22, 2012
AUD/USD: Failing to go with the flow
EUR/USD and cable have rallied nicely alongside the Yen crosses in the last few hours but the…
October 22, 2012
Funny how this market can always bite you unexpectedly
There is no such thing as a safe trade and you'd think that after 26 years in the market that would…
October 22, 2012
Are we about to buck the ‘risk-off-Monday’ trend
Deutsche Bank have been tracking this phenomenon in recent times, with something 16 of the last 17…
October 22, 2012
JPY crosses sharply higher
Flows and OrdersJPY crossesUSD/JPY
A sharp spike higher in the Yen crosses was caused by macro accounts buying USD/JPY and a big…
October 22, 2012
GBP/JPY: Time for first trade of the week
This pair looked terrible this morning when it was down at 126.70 but now that it has rallied 50…