July 21, 2014
Professional market turning cautiously bullish JPY
Trade IdeasFXWW NewsJPY crosses
I have read a number of quite bullish JPY predictions from major banks over the last few days.…
July 21, 2014
NZD: Likely to stay heavy on crosses as milk prices stay heavy
Industry research still suggests large inventories of milk powder in particular in China;…
July 18, 2014
BOJ: Stress need to focus on geo-political risks
Quite presciently, the latest BOJ minutes stress the need to pay attention to geo-political risks.…
July 18, 2014
USD/JPY: Market chewing through heavy bids on interbank platforms
Large bids reported on the EBS almost every pip at current levels (101.15); Barrier protection…
July 18, 2014
Friday, risk-off day, FX focus on Yen crosses
The tragic events overnight will see more focus heaped on escalating regional conflicts; Friday's…
July 17, 2014
JPY crosses still looking soft
Regional stockmarkets are lower this afternoon and the JPY crosses are still looking most likely to…
July 17, 2014
AUD/JPY: Stay short for now, reverse on bigger dips
Trade IdeasJPY crossesFXWW NewsAUD,NZD
Very solid technical resistance now at 96.55; Short-term market sentiment seems to have swung in…
July 17, 2014
EUR/GBP still the strongest trend in the market
This pair is definitely oversold on a short-term basis but it's still got quite a bit of downside…
July 16, 2014
AUD/USD: Decent selling interest near .9400
It looks unlikely that this level will be tested today unless of course the Chinese GDP data…
July 16, 2014
NZD falls after CPI data
New Zealand Q2 CPI came in at +1.6% YoY, which is lower than market expectations at +1.8%. This may…
July 16, 2014
Overnight re-cap: UK CPI got a Yellen at due to milk prices at a Portugese Bank
Higher than expected UK CPI saw cable bounce strongly off support levels at 1.7060. The bounce was…
July 15, 2014
USD/AXY up across the board in Asian trade
USD/KRW is leading the way, up 0.7% at present, and the USD is having a good day against all…
July 15, 2014
Hilsenrath: Yellen response to job market developments all important
“When Federal Reserve Chairwoman Janet Yellen presented her semiannual testimony to Congress in…
July 15, 2014
Cable: Support levels holding but………….
EUR/GBP has found decent buying interest on dips below .7950 from EZ corporates; Macro funds were…
July 15, 2014
AUD: RBA meeting minutes main event on today’s agenda
Positional adjustment ahead of some risk events was the main story overnight with the EUR making…
July 14, 2014
Cable: Macro stops building below 1.7055
Flows and OrdersFXWW NewsGBP crosses
A reliable Prime Brokerage source suggests that we could be in for quite a battle if cable trades…
July 14, 2014
USD/CAD: Looks 1.06/1.10 consolidation with bearish bias; strong tech resistance 1.0810
For what seems like the first time ever :) I've been picking the USD/CAD pretty well in recent…
July 14, 2014
CAD/JPY: Important support levels nearby 94.10/20
There are some very important technical support levels close by in the CAD/JPY, one of last week's…