June 19, 2014
Technicals don’t work so well in momentum-less, range-bound markets
It's worth reminding ourselves of the types of markets that we are trading in and re-adjust our…
June 19, 2014
Levels to watch today in the AUD and NZD
AUD/USD: Option-related selling is still reported to be heavy between .9430/40 but watch for stops…
June 19, 2014
USD/CAD: Lucky I’m a patient person
Well I'm not usually but in this case I've had to be as it's been moving so slowly. Many in the…
June 19, 2014
EUR/USD: Base above 1.3500 looking more secure
You know my thoughts on the EUR/USD by now, neither currency is worth buying. But the recent…
June 18, 2014
Cable: Trades above 1.7000 after minutes but ‘stops’ still safe
The high after the release of the BOE minutes was around 1.7005. Market chatter suggests that the…
June 18, 2014
Cable: Time to be wary heading into BOE later today
Most of the signals coming from the BOE over the last few days have been pointing to the fact that…
June 18, 2014
AUD/NZD: Technical and psychological support levels looming
The market (myself included) has been trying to pick a top in the NZD, especially against the AUD…
June 18, 2014
Hurry up and wait
This market will move, eventually, but once momentum is sucked out it can be quite a while before…
June 17, 2014
EUR/AUD: Contrarian trade idea
Trade IdeasEUR crossesFXWW NewsAUD,NZD
I guess if the EUR/USD is susceptible to a short-squeeze and the AUD/USD is capped by option…
June 17, 2014
AUD/USD: Still struggling to break above .9425/50
Option players have this market pretty much tied in, as we've been saying for weeks now, and it…
June 17, 2014
EUR crosses threatening to squeeze shorts
EUR/USD has stalled on a number of occasions at important technical support neat 1.3500 and there…
June 16, 2014
Cable: Still struggling to break above barrier protection at 1.70
Risk aversion brought about by escalating violence in Iraq is weighing on crosses like GBP/JPY;…
June 16, 2014
Violence escalating in Iraq; impact on oil price and ‘risk’ trades
There have been a number of reports this morning of increased fighting around Baghdad airport and…
June 16, 2014
Central Bank scandal sends the Zloty tumbling
Hopefully none of you were long PLN over the weekend as the Zloty has been hit hard by a scandal…
June 13, 2014
BOJ not giving market any reasons to turn bullish Yen
The BOJ policy statement shows that they will continue along the same policy path for the…
June 13, 2014
EUR: Likely to remain weakest of all major currencies
The EUR looks very sick on all of the major crosses and as they are the most recent addition to the…
June 13, 2014
USD/JPY: Support levels start at 101.50/57
The 200-dma comes in at 101.57; Dealers reports solid bids at 101.50. Remember it's BOJ today and…
June 13, 2014
NZD/USD: Technical resistance near .8700 holding for now
Short-term players will start to get interested if this technical resistance level just below .8700…