August 20, 2014
USD still looking strong; levels to watch today
Cable, 61.8% retracement of 1.6250/1.7190 comes in at 1.6612; USD/CAD, daily highs at 1.0980;…
August 20, 2014
NZD still heavy despite slight improvement in dairy prices
NZD/USD is sitting just above important support at .8420 and AUD/NZD is still hanging on to the…
August 19, 2014
Cable: Technical support at 1.6612
Cable has fallen sharply after the lower than expected CPI numbers. The 61.8% retracement of the…
August 19, 2014
USD/CAD: Holding off on ‘sell-rally’ for now
The USD is starting to generate some short-term strength again so I will hold off on re-selling…
August 19, 2014
AUD/NZD taking out important resistance levels
AUD/NZD is threatening to break cleanly above important technical resistance levels and it seems…
August 19, 2014
NZD trading with heavy tone ahead of risk events
Firstly we have the RBNZ inflation expectations later this afternoon and later today we have the…
August 19, 2014
RBA meeting minutes unlikely to hold any surprises
I'm pretty sure that the RBA meeting minutes will not hold any surprising debates/suggestions and…
August 18, 2014
EUR/CHF inexorably heading for another test of 1.2000
The Russian central bank has just announced that it is widening the range of the Rouble basket to 9…
August 18, 2014
NZD/USD: Happy to stick with long position, initial target .8570
I bought this pair last week and had an initial profit target at .8520, which just failed to get…
August 18, 2014
USD/CAD: Shorts reduced on Friday, look to sell rallies
I don't like having large positions heading into weekends and thankfully my interim profit target…
August 18, 2014
GBP higher in early Asian trade after Carney comments
Cable closed last Friday around 1.6695 and has traded to 1.6730 in early interbank trade. Newspaper…
August 17, 2014
Welcome to the new-look FXWW website
It's taken a long time but I've finally figured out what IT stands for. It's Irish Time! All IT…
August 15, 2014
Few range trade suggestions in NZD/USD, USD/CAD and Cable
The GBP still looks suspect on the crosses especially with pairs like GBP/CAD nearing very…
August 15, 2014
Still liking the look of CAD and NZD
NZD/USD has bounced nicely of important technical support levels at .8400 and the bulls are…
August 14, 2014
NZD/USD: Looking to play .8450/.8530 range in short term
AUD/NZD bids are now being reported on the approach to 1.0950 and they should slow down any…
August 14, 2014
NZD/USD: Longs looking little safer this morning
My long position is looking a little more secure this morning and hopefully a base starts to form…
August 14, 2014
Focus now turning to the GBP crosses
Like we mentioned a couple of days ago, pairs like GBP/CAD are heavily over-positioned and ripe for…
August 13, 2014
AUD/NZD again main focus during early Asian trade
Short-term resistance at 1.1005 has been breached and bullish technicians are pointing to the…