April 9, 2014
CAD/JPY: Sorry got that one wrong; timing beats logic every day
The main factor in play overnight was the heavily imbalanced JPY positioning and with the BOJ…
April 8, 2014
Ukraine tensions: CAD/JPY long position might be worth considering
Increased tensions in the Ukraine will mean higher oil prices in the short-term at least and one…
April 8, 2014
Cable: Back on bull train after more strong data
This time it was industrial output coming on top of the strong export survey overnight. Looks like…
April 8, 2014
Ukraine tensions and inactive BOJ spooking JPY shorts
The most obvious trade at this very moment in time is to be long Yen, or at the very least not to…
April 8, 2014
NZD/USD: Leading the way in fairly quiet trade
There isn't much happening anywhere in the FX market today, with USD/JPY having undone it's earlier…
April 8, 2014
AUD/USD: Still in buy-big-dip camp
This pair has been good to me in recent weeks so I'm staying patient and waiting for the right…
April 8, 2014
USD/JPY edging lower as longs exit pre-BOJ
No real surprise here, the market is usually long of USD/JPY, and with expectations regarding…
April 8, 2014
Big levels still holding firm for all major pairs
We've seen some modest recovery in pairs like EUR/AUD overnight but it's been pretty quiet overall.…
April 7, 2014
Not seeing many ‘value’ trades heading into London open but EUR/CAD might be worth a look
EUR crossesFXWW NewsGBP crosses
The most obvious trade would be to buy EUR/CAD with support levels nearby in both EUR/USD…
April 7, 2014
EUR/JPY: Looking quite heavy but solid technical support 140.65/85
EUR crossesFXWW NewsJPY crosses
This pair looks like it might become a directional leader in coming weeks and it's certainly…
April 7, 2014
USD/JPY: Hard to see it breaking out of 101.50/104.50 range
Some of the JPY crosses (particularly EUR/JPY) are starting to look a bit 'toppy' and if the…
April 7, 2014
Cable: Broken record still playing the 1.6470/1.6680 range-trading tune
No change here from last week, range trading still the order of the day. I've got a short-term…
April 7, 2014
AUD/USD: Looks like .92/.93 consolidation range but bias still very bullish
Everything about the AUD over the last few weeks suggests to me that it's heading higher and…
April 7, 2014
USD/CAD: Good support near 1.0950 holding firm
If you are of the opinion that the USD was oversold after the NFP then USD/CAD is offering a…
April 7, 2014
EUR/USD: Important support nearby, expect stops aplenty below 1.3650
There is important technical support near 1.3670 which held nicely on Friday and needs to be…
April 7, 2014
Quiet start to interbank trading week
The majors are pretty much unchanged compared with Friday's close. EUR/USD is at 1.3695, cable…
April 4, 2014
EUR/USD: Strong technical support levels nearby
100-dma at 1.3688 Trend-line from 1.2750 also near same level at 1.3685 61.8% retracement at…
April 4, 2014
Big levels to watch during Asian trade today
USD/JPY: Most of the market is talking about large sell orders 104.20/50 but the dips are still…