September 8, 2014
“It’s never too late to sell Sterling”
Well so the old market adage goes. The pound continues to look very weak and susceptible to further…
September 8, 2014
EUR/GBP: Buy short-term dips, sell medium-term rallies
I also do not like uncertainty, just like most traders, and a Scottisk vote to leave the UK would…
September 8, 2014
USD, AUD and CAD to remain well bid amid uncertainty elsewhere
The more aggressive ECB policy and uncertainty surrounding the Scottish referendum will continue to…
September 8, 2014
EUR/GBP: Resistance levels near .8035 holding for now
There was a nasty gap lower in the cable on the interbank open, with first prices quoted below…
September 7, 2014
GBP set for rocky Monday opening after latest Scottish polls
We can forget about Fibos and fundamentals tomorrow morning, it will be all about positioning after…
September 5, 2014
EUR/GBP: Shorts preferred for .7870 test
EUR crossesFXWW NewsGBP crosses
I prefer this pair in the short-term to others like EUR/CAD and EUR/AUD for the simple reason that…
September 5, 2014
Look for selling opportunities in the EUR crosses
Well done to all those patient EUR/USD bears who've stayed on this trade but for the rest of us…
September 4, 2014
Cable: ‘Superstitious rot’ but it’s nearing an historical pivot level for me
I've been trading cable for fast-approaching 30 years and there are some levels which stick in the…
September 4, 2014
NZD/USD: Bearish outlook after AUD/NZD breaks higher
Again I'm on the sidelines here after failing to read this move correctly. The immediate break in…
September 4, 2014
AUD bears beaten back yet again
Like I've mentioned a few times in the last few days, price action at .9270 in the AUD/USD has been…
September 3, 2014
USD/CAD: Reducing my short position
I have to be honest and admit that I don't really have a good grasp on why and when the market is…
September 3, 2014
EUR/GBP: Should offer good two-way trading opportunities
I haven't been trading this pair actively enough to have a strong grasp of what the big levels are,…
September 3, 2014
JPY weakness accelerates, GBP bulls blink
The medium-term sideways movement in USD/JPY looks to have been broken in favour of the bulls. I'm…
September 2, 2014
Cable: Longs stopped out below 1.6530
Got my timing wrong on this trade and the residual of my long position has been stopped out below…
September 2, 2014
AUD unchanged after RBA decision and statement
The AUD "remains above most estimates of its fundamental value" according to the RBA statement but…
September 2, 2014
Will market start September with a bang
The traditional holiday period in the Northern Hemisphere is now over and we often get some really…
September 2, 2014
Cable: Still long, looking to play 1.6570/1.6670 range pre-BOE
The going has been slow for the cable but I'm of the view that a base will form between…
September 2, 2014
AUD: Don’t expect any surprises from the RBA today
The big week of central bank meetings kicks off today with the RBA. This is probably the most…