July 7, 2014
EUR/USD: Favour selling rallies keeping stops above last week’s highs
EUR crosses continue to look very heavy and the weekly close below .8000 in EUR/GBP certainly…
July 7, 2014
Another very quiet start to the week but volatility slowly increasing
It's been another very slow start to the interbank trading week with most of the major pairs…
July 4, 2014
Currency hierarchy becoming clearer
Well at least it is with respect to what I will call the 'strong' or carry currencies: GBP: It's…
July 3, 2014
GBP might be affected in early London trade by AUD syndrome
The GBP and the AUD have been reasonably closely correlated in recent weeks. We are either about to…
July 3, 2014
AUD/NZD in dangerous territory below 1.0700
The RBNZ are in hiking mode and the RBA Governor seems to be suggesting that there is more chance…
July 3, 2014
Stevens talking AUD lower; but where were these comments on Tuesday
Comments from the RBA Governor this morning that housing conditions do not warrant higher rates and…
July 3, 2014
If you’re making money in these markets, then you are the exception
Of the 15 FX-only managers on a big interbank platform, 14 made losses in the first 6 months and…
July 2, 2014
USD preferred ahead of EUR and JPY in medium-term
EUR/USDJPY crossesFXWW NewsEUR crosses
Plenty of people asking me about the big pairs, EUR/USD and USD/JPY, as this is what they are used…
July 2, 2014
Very clear trends remain dominant in FX market
Sell rallies in EUR, USD and JPY; Buy dips in GBP, AUD, NZD and CAD. It then becomes a matter of…
July 1, 2014
EUR/JPY: 200-dma capping for now
I have no strong view on this pair and I should also mention that technical analysis proves…
July 1, 2014
AUD/USD: Stops reported above .9465
The AUD/USD has traded to highs near .9455 thus far but there isn't any sign of a significant dip.…
July 1, 2014
RBA: No change expected in policy, language or tone
Nobody is expecting any surprises today from the RBA and they will almost certainly keep their…
July 1, 2014
USD looking weakest of the majors
The rampaging pound made fresh new highs last night against the greenback and the USD continues to…
June 30, 2014
USD/CHF: Large bids ahead of .8900 with stops directly below
Sounds like a barrier option but I have no confirmation. I'm still running a small USD/CHF long…
June 30, 2014
NZD/JPY: “Good” names noted selling in last few hours
Our hedge fund insider in the FXWW chat-room is reporting that the elusive good names have turned…
June 30, 2014
AUD: Busy week ahead, stay in range trading mode in short-term
AUD/USD is trading at .9415 this morning ahead of a busy week of data. The Chinese PMI and the RBA…
June 30, 2014
EUR/GBP still the stand-out big position in the market
The market is heavily short of EUR/GBP in an environment where there aren't many other big…
June 30, 2014
CAD positioning back to neutral levels
Latest IMM data would seem to reinforce what I've been hearing from the Prime Brokerage market,…