April 4, 2014
Cable: Sorry to sound like a broken record but we are in range trading mode
Yesterday's price action confirmed to me that we are in a short-term holding pattern between…
April 4, 2014
EUR/USD: Approaching critical support levels
The important support levels in EUR/USD in my opinion are around 1.3650/80. If this band of support…
April 4, 2014
NFP Friday usually means position reduction
And in Asia that means that the JPY crosses should be busy. The market has again been selling Yen…
April 3, 2014
GBP: Still looks heavy to me on the crosses
GBP/CAD was the market's bull leader for months on end and it's positioned accordingly! Likely to…
April 3, 2014
ECB under increasing pressure for more ‘accommodative’ policy
Overnight we heard from the IMF's Christine Lagarde, calling on the ECB to ease policy further as…
April 3, 2014
USD/JPY: Looks really well bid but….
I haven't been trading this pair, although I did take a small long in CAD/JPY near current levels…
April 3, 2014
AUD bullish now against all other majors
The last pair to turn was AUD/NZD but that seems to have happened now and we can safely say that…
April 3, 2014
Asian open April 3rd: Plenty of risk events today to keep us awake
No real change anywhere overnight with the NZD continuing to weaken (great call yesterday from 888)…
April 2, 2014
GBP: Prefer to play from short side during European trade
Obviously some of the crosses like GBP/JPY are looking bullish and others like GBP/NZD are starting…
April 2, 2014
Levels to watch in the NZD crosses
EUR/NZD: Initial resistance at a 38.2% retracement level near 1.6105; NZD/USD: Resistance now at…
April 2, 2014
CAD/JPY: Very important technical level at 94.10
A clean break above 94.10 would suggest a double-bottom pattern with lows at a 38.2% retracement…
April 2, 2014
NZD/USD: Might be due for a downside correction
FXWW888, our resident hedge fund trader in the FXWW/Reuters messenger chat-room, is suggesting that…
April 2, 2014
Cable: Still favour sideways consolidation 1.6470/1.6690
The GBP still looks susceptible to losses on the crosses; EUR/GBP Fibo support at .8250 held very…
April 2, 2014
AUD/USD: Sideways consolidation favoured before more upside
We saw plenty of profit takers emerge on 2 separate occasions yesterday near .9300 and this looks…
April 2, 2014
USD/JPY: Testing daily highs at 103.75, stops likely through this level
I saw one of the more experienced and successful intraday traders go long this pair yesterday near…
April 1, 2014
AUD/USD again fails ahead of .9300 post RBA
We saw a brief attempt to break above .9300 after the earlier Chinese PMI data and now we've had…
April 1, 2014
Chatroom in Mandarin on Reuters Messenger
Native Chinese speakers can now converse in their own language in the FXWW chat-room on Reuters…
April 1, 2014
EUR/USD: Another range-trading pair
Crosses remain mixed with EUR/GBP now in neutral, EUR/JPY turning bullish and EUR/AUD definitely…