May 7, 2014
Trade of the Year #2: Short USD/CAD
USD sentiment has now turned definitively bearish; CAD sentiment and short positioning has been at…
May 7, 2014
USD fall set to continue but still need to pick right levels in right pair!
USD/JPY broke below it's long-term bullish trend-line, USD/CAD has closed below a previously strong…
May 6, 2014
GBP/USD: Looking to book profits near 1.6970
I would not advise going short cable given the current sentiment but I am happy to book some…
May 6, 2014
NZD/USD negates possible H&S formation
There had been some speculation regarding a potential H&S in the NZD/USD but this has been…
May 6, 2014
USD/CAD: Stops reported below 1.0925
I read some reports this morning of large-ish stops in USD/CAD below 1.0925 and it's worth keeping…
May 6, 2014
AUD ticking higher after RBA as expected
No surprises from the RBA but it looks as if the market may have been sitting a bit short as the…
May 6, 2014
What to expect from the RBA
Not much is the short answer. Most bank analysts here in Australia are expecting the core of the…
May 6, 2014
JPY crosses: Trendline supports holding firm
The long-term bullish USD/JPY trendline came in yesterday near 101.90 and that level held very…
May 6, 2014
Plenty of AUD data to get the market moving
It should be a big day for the AUD with the RBA rate decision preceded by the trade data for March.…
May 5, 2014
JPY crosses: Some big levels to watch nearby
AUD/JPY has just broken below s/t support at 94.50 and has technical scope for a fall to 93.35;…
May 5, 2014
AUD/USD: Short-term strategy; prefer to sell intraday rallies now
The latest US employment data was quite solid and should give the USD some modest short-term…
May 5, 2014
NZD continually baffles the bears
The market's strongest currency on Friday was the NZD and the only explanation I can think of is…
May 5, 2014
USD struggling to hold gains despite strong jobs data
We had the usual whippy 50 pip volatility directly after the NFP on Friday but the fact that the…
May 2, 2014
AUD/NZD: Trading back towards support zones; buying dips preferred
There are plenty of willing buyers reported in the AUD/NZD between 1.0700/30 and buying dips is the…
May 2, 2014
NFP Fridays usually risk-off events; GBP/JPY worth watching closely
I'm not sure if the market has big enough positions to warrant some risk-off trading today but with…
May 2, 2014
Lack of volatility making for difficult trading conditions
We seem to be getting the occasional sharpish 50/80 pip moves followed by hours if not sessions of…
May 1, 2014
EUR/CAD short-term resistance at 1.5220 holding firm
A quick look at the hourly chart shows that technical resistance at 1.5220 is still holding firm in…
May 1, 2014
AUD/USD: More consolidation favoured but bullish bias still in place
There will be plenty of stops above .9310/15 and i would not be surprised to see some of them…