March 6, 2014
GBP/AUD trade update: Feeling less bearish today
Like I mentioned below, I don't like the fact that AUD/NZD is consolidating at such low levels;…
March 6, 2014
Focus on AUD again with retail sales and trade data
Just like yesterday with the GDP data, neither retail sales or trade data is likely to have any…
March 5, 2014
USD/JPY: Talk of plenty of bids but I prefer ‘sell rally’ play
There was a lot of talk in the interbank market about the very large bids at 101.35/40 and then…
March 5, 2014
China’s National People’s Congress opens today
The main market focus will be on any mentions of economic growth forecasts with most analysts I've…
March 5, 2014
GBP/AUD update: Still running short strategy
I've been building a short position since yesterday inside of the broad consolidation range…
March 5, 2014
Australian GDP main event on the economic calendar
It's pretty obvious that the RBA is plotting a very steady course when it comes to interest rates…
March 4, 2014
EUR/JPY jumps 50 pips after Putin recalls troops
The traditional risk trades like AUD/CHF and EUR/JPY have rallied after Russian President Putin…
March 4, 2014
AUD making gains on crosses after upbeat housing data
My GBP/AUD trade is looking healthier after some reasonably upbeat Australian housing data. I'm…
March 4, 2014
RBA: Watch for comments on inflation, jobs and the AUD
Today's RBA meeting will keep interest rate policy steady but it will be interesting to see what…
March 4, 2014
GBP/AUD: Intraday short strategy
Risky strategy given the strong up-trend but for all the aforementioned reasons, I think the…
March 4, 2014
GBP will be vulnerable whilst geo-political uncertainties continue
In the short-term, the overly long GBP market will remain vulnerable to squeezes whilst the…
March 4, 2014
EUR/USD: RUB intervention main factor overnight
The Russian central bank sold over $10 billion of USD/RUB yesterday, as it sought to halt a run on…
March 3, 2014
GBP: Long positions might be threatened if risk-aversion escalates
Reports last week suggested that the market was getting very long of GBP across the board and the…
March 3, 2014
EUR/USD: Friday’s price action suggests more topside ahead
Notwithstanding the risk aversion in the market and the sell-off in EUR/JPY and EUR/CHF, Friday's…
March 3, 2014
USD/JPY: Favour selling rallies for test of 100.75
Trade has been fairly orderly so far but I still get the sense that the risk is to the downside in…
March 3, 2014
GBP/CHF trading near it’s 100-dma technical support
The GBP/CHF 100-dma, which comes in near 1.4720, has proven to be reliable support for this pair…
March 3, 2014
Risk trades lower in early interbank trade
EUR/JPY is trading near 139.50 and EUR/CHF is near 1.2100 as the market opens the week in risk…
March 2, 2014
Stop-losses and political tensions supporting the CHF
The situation in the Ukraine is making the traditional safe-haven CHF particularly attractive;…