September 26, 2014
NZD/USD: Still long, lets see how it finishes the week
Like I said yesterday, I've not been calling the market very well so I'm keeping risk pretty tight…
September 25, 2014
NZD/USD: Testing waters with small long position
AUD/NZD is testing short-term resistance levels near 1.1060 NZD/USD has important longer-term…
September 25, 2014
AUD/NZD: Range trading 1.0920/1.1060 likely for next few sessions
Like most FX pairs, and perhaps even more than most, AUD/NZD spends the vast majority of the time…
September 25, 2014
GBP/CAD: Nasty reversal after failure to trigger stops above 1.8200
I mentioned those stops yesterday above 1.8200 in GBP/CAD and the market had a real go at trying to…
September 24, 2014
Cable: Price action feels bullish
I should temper that by saying that we need to be very careful with our entry levels, as seen by…
September 24, 2014
NZD: Fonterra cuts forecast milk payout
Fonterra, the big NZ dairy company, has cut it's forecast to NZ$5.30/kg from NZ$6.00/kg. This had…
September 23, 2014
AUD/USD: Large option expiries at .8900 today
From the FXWW chatroom: About 900mln worth of 89 cent AUD/USD option maturities…
September 23, 2014
USD/JPY: Favour playing 107.50/110.00 range
The entire world is bullish USD/JPY it seems and many are positioned accordingly. Sentiment will…
September 23, 2014
GBP: Mixed signals, neutral bias
EUR/GBP is definitely still in a strong bearish trend and levels between .75.77 look highly likely…
September 23, 2014
AUD and NZD risk event: HSBC China flash PMI
Most analysts are predicting that the latest HSBC version of Chinese PMI will come in pretty close…
September 22, 2014
JPY crosses open slightly higher after G20 weekend
The lack of any currency-related comment from the G20 weekend will be seen by the market as being…
September 22, 2014
NZD opens higher after strong election win by ruling Nationals
The focus of the last 2 weeks has been firmly on the GBP but now the market should return to some…
September 19, 2014
GBP starting to settle now that result is becoming clear
The 54:46 YouGov prediction from earlier today looks very likely to come true and the GBP has begun…
September 19, 2014
Last YouGov prediction: 54% No, 46% Yes
Cable is back above 1.6400 as vote-counting commences.
September 19, 2014
GBP: No vote looking very very likely
The GBP has continued to recover over the last 12 hours and the No-to-independence vote looks…
September 19, 2014
USD/JPY: Plenty of headwinds ahead of 109.00
Very large offers were spotted overnight on interbank platforms on the approach to 109.00,…
September 18, 2014
GBP: Was Betfair election pay-out just a marketing exercise
There is some suggestion in the marketplace that the Betfair early pay-out on the Scottish…
September 18, 2014
GBP: Best avoided today unless you are a professional GBP trader
The Scottish referendum voting booths will open in about 12 hours time and we can expect plenty of…