February 12, 2014
EUR/USD and Cable seldom rally for 6 consecutive days
Bit of intel from a professional trader in the FXWW chat-room: "EUR/USD has rallied for 5…
February 11, 2014
Best to trim intraday positions ahead of Yellen testimony
The sense I'm getting from the interbank market is that a lot of big macro players have been…
February 11, 2014
GBP/JPY: Starting to like the look of this pair again
I'm certainly not advocating that we should take a long position now ahead of the Yellen testimony…
February 11, 2014
Only the range-trading day-traders are enjoying these markets
At first glance it looks as though absolutely nothing happened overnight. Those who decided to…
February 10, 2014
New FX trade ideas site launching
I am doing a very soft launch of a new trade ideas site, http://www.forextell.com/, and I would…
February 10, 2014
USD/JPY: Try to pick the 200 pip range
The market is long and bullish which should ensure dips are well supported but rallies will attract…
February 10, 2014
NZD/CAD topping out, GBP still looks good
The market is still looking for its next directional move and most of the majors will continue to…
February 7, 2014
AUD/USD: Large option expiries driving end-of-week sentiment
Flows and OrdersFXWW NewsAUD,NZD
AUD/USD failed again near .8980 after the RBA policy statement; 2 billion expiry later tonight at…
February 7, 2014
EUR shorts squeezed but little change otherwise
The post-ECB price action has seen weak trailing stops taken out in all of the EUR crosses and the…
February 6, 2014
AUD breaks higher after retail sales and trade data
The continuation pattern on AUD/USD has now broken bullishly and buying dips to .8935 now makes…
February 6, 2014
AUD trade and retail sales data today
I bought back into AUD/NZD on yesterday's dip and am hoping that the next leg higher will take us…
February 6, 2014
Cable: Still like buy-dips play whilst 1.6220 holds
Trade IdeasFXWW NewsGBP crosses
Obviously the GBP bull trend is getting reasonably mature but on a long-term view it remains…
February 6, 2014
Weak stops taken out overnight in EUR/USD and EUR/GBP
No major developments overnight and most of the main currency pairs are close to yesterday's…
February 5, 2014
AUD/NZD: Using dips to re-establish core long
The AUD is losing some ground this morning, especially on the crosses, with media speculation re…
February 5, 2014
Buy GBP, AUD dips; sell NZD, CAD rallies
EUR/USD is at 1.3515 again today! Can't see any reason to trade this pair; Cable support above…
February 4, 2014
AUD/NZD: Initial profit target reached
My target at 1.0900 has been reached and I've booked initial profits on my long trade. Now looking…
February 4, 2014
AUD/NZD: Prefer to play from long side today ahead of RBA
Like I mentioned below, current moves in the FX market are being driven by positional……
February 4, 2014
NZD/JPY worth watching closely during Asian trade
The big market positions built up over the last several months have been JPY shorts, GBP longs and…