October 23, 2013
NZD heading lower on crosses
Flows and OrdersAUD,NZDFXWW NewsEUR/USD
AUD/NZD has broken above 1.1450 after the higher-than-expected Australian inflation data and now…
October 23, 2013
AUD/USD: Takes out 50% retracement level after CPI data, now focusing on 200-DMA
The higher than expected domestic inflation data has further strengthened opinion that the…
October 23, 2013
USD/JPY: Dead-heat in race to the bottom
Trade IdeasFlows and OrdersFXWW NewsTechnical AnalysisJPY crosses
The market doesn't like either currency at the moment and broad sideways trading is very likely to…
October 23, 2013
EUR: Makes strong gains across the board especially against the Yen
Technical AnalysisEUR crossesFXWW NewsEUR/USD
EUR/JPY is one pair that I've gotten 100% wrong in recent weeks and I haven't seen this move…
October 23, 2013
AUD/USD: Important technical resistance near .9720
Technical AnalysisFXWW NewsAUD,NZD
The 50% retracement of the big downmove from 1.0580 to .8850 comes in near .9720 and this level is…
October 22, 2013
EUR/GBP: Technical resistance at .8500
Technical AnalysisGBP crossesFXWW NewsFlows and Orders
This level has held nicely in recent days (see chart); There are likely to be stops directly above…
October 22, 2013
AUD/NZD: Increasingly looks like base in place
Technical AnalysisFXWW NewsAUD,NZD
Possible double bottom at 1.1200 (see chart); Prices have fallen already a long way in what is…
October 22, 2013
Separating the arts of analysis and trading in the FX market
Another pretty boring session faces us so its probably a good time to re-evaluate trading…
October 22, 2013
AUD/USD: Looking to play .9550/.9725 range over coming sessions
Trade IdeasFlows and OrdersFXWW NewsTechnical AnalysisAUD,NZD
As mentioned below, barrier protection in AUD/JPY ahead of 95.00 is quite large; EUR/AUD bids near…
October 22, 2013
AUD/JPY: Still capped by barrier protection ahead of 95.00
Flows and OrdersFXWW NewsAUD,NZD
Another very quiet night in the FX markets and we can brace ourselves for similar lack of movement…
October 21, 2013
Long GBP still my preferred play
Trade IdeasFXWW NewsGBP crosses
I see no reason at the moment to get off the GBP bull train and any dips are buying opportunities…
October 21, 2013
AUD/JPY: Significant defence of 95.00 barrier
Flows and OrdersFXWW NewsJPY crosses
One of the bigger Japanese banks has confirmed that a large barrier is in place at 95.00, just as…
October 21, 2013
Hard to gain insight from quiet Asian markets
EUR/AUD short term support held firm at 1.4130 and we saw a brief blip before prices settled…
October 21, 2013
AUD crosses sitting right on resistance levels
Trade IdeasFlows and OrdersFXWW NewsTechnical AnalysisAUD,NZD
AUD/USD technical target looming at .9720 (see chart); AUD/JPY has broken above recent highs at…
October 21, 2013
Very low turnover in early Monday morning trade
As you can see from the Reuters heat map, there is diddly-squat happening in the FX market…
October 21, 2013
EUR/USD: Technical resistance at 1.3710
Trade IdeasEUR/USDFXWW NewsTechnical Analysis
Barrier at 1.3700 was breached on Friday; Technical resistance at 1.3710 (see chart) is next to…
October 21, 2013
USD/JPY: 97.50 looming as next important support point
Technical AnalysisJPY crossesFXWW NewsUSD/JPY
Falling US yields will add to the bearish pressure here; Reduced possibility of a tapering event…
October 21, 2013
Major pairs steady in early interbank trade
Doesn't look like there were any big stop-loss orders close to the market as the majors are…