May 1, 2014
Cable: Keep your finger on the buy button
I still see no reason for abandoning the bullish cable strategy and my target at 1.75 is looking…
April 30, 2014
Flows and Orders updates
Citi bank reporting that end-of-month hedge re-balancing flows are likely to be relatively…
April 30, 2014
EUR/USD: Bears get some hope from overnight dip but…
It seems to me that the majority of traders, both professional and retail, are bearish EUR/USD.…
April 30, 2014
GBP bullish case looking stronger
Cable doesn't want to retrace it would seem and this consolidation near new highs is a very…
April 30, 2014
Overly short CAD market takes a big hit
Most moves in the FX market are based on positioning; the market is either getting into positions…
April 30, 2014
Main focus today on BOJ; USD/JPY bulls again to the fore
USD/JPY is stuck right in the middle of its medium-term consolidation so its pretty hard to get…
April 29, 2014
EUR/NZD: Very nice technical resistance level at 1.6320
You can see a 61.8% retracement level and a bearish trendline coming together near 1.6320.
April 29, 2014
GBP/JPY making bullish break out of wedge formation
The first bullish break is taking place in GBP/JPY (of the two wedge formations we mentioned…
April 29, 2014
EUR looking well supported across the board
EUR/AUD is currently breaking above prior highs and a 38.2% retracement level near 1.5000; EUR/GBP…
April 29, 2014
AUD/USD: Looking to start building longs at .9175
The NZD is still looking a bit soft overall and that is also having an adverse impact on the AUD.…
April 29, 2014
Wedge formations in GBP/JPY and EUR/JPY reaching apices
Have a look at the two attached daily charts for GBP/JPY and EUR/JPY and you will see that both are…
April 29, 2014
New Zealand trade data on this mornings economic calendar
There is solid technical support ion the NZD/USD at .8498/.8508, previous daily lows and the…
April 28, 2014
Cross flows driving EUR/USD higher
Flows and OrdersEUR crossesFXWW NewsEUR/USD
Cable caught a bid tone on the back of M&A chat; EUR/GBP is well bid on the back of…
April 28, 2014
GBP/AUD: Short strategies worth considering for the GBP bears
Not really my side, (although I still like the long AUD play overall), but I'm still hearing some…
April 28, 2014
Cable: Still favour more topside moves
The short-term price action feels like classic consolidation and more gains look likely. That said,…
April 28, 2014
Yen crosses slightly higher in early Asian trade
The lack of volatility in the FX market is increasingly becoming an issue and despite plenty of…
April 25, 2014
Cable intraday: Play 1.6770/1.6810 with bullish bias
The very strong up-trend and consecutive hourly lows near 1.6760 give us the bullish bias;…
April 25, 2014
Still photos rather than moving pictures
The rates on my Reuters Eikon look to be frozen in time! Very little change from overnight and we…