AUD/USD staying heavy but .9000 remains untested today


The market is all beared up again on the AUD and local banks are now calling for another 2 rate…

Asian session, July 31st: Yen crosses staying very heavy


It was very quiet in overnight trade and we can expect exactly the same in Asia with nothing of…

AUD/JPY takes out previous trend lows


AUD/JPY has broken marginally below previous trend lows at 88.95 whilst AUD/USD is trading near…

EUR/AUD: Next major technical target at 1.50


Remember the beautiful basing formation on the weekly chart (see chart)! Well most of the oversold…

AUD crosses failing to bounce at all


EUR/AUD is 200 pips higher on the day and showing no signs of weariness just yet. AUD/JPY has…

USD/JPY: Sell orders noted 98.60/65


The support levels we mentioned this morning at 97.60 have done the trick and USD/JPY is in…

AUD/USD likely to re-test .9000


Mr Stevens did what all good central bankers do and talked his currency lower. Stops were triggered…

AUD showing some early weakness


As I mentioned earlier, the AUD is looking weak today against most of the other majors. Intraday…

EUR/USD: 1.3300 option barrier rolled off overnight


Thanks to @FXWW888 for the inside rub that the well-defended 1.3300 option barrier rolled off…

CAD/JPY and GBP/JPY: Talk of good-sized selling interest


Unfortunately I don't pay much attention to either pair and the levels at 95.35 and 150.00…

USD/JPY: Trying to form short-term base near 97.60


The market seems to be getting a bit bearish in the short-term on USD/JPY and it may be ripe for a…

AUD: Levels to watch in today’s trade


Should stay quiet with only a speech by RBA Governor Stevens to look forward to. Previous short…

AUD/USD: Case for bottom pickers looking a bit shakier


I thought that the AUD/USD bottom-pickers were holding some pretty strong cards yesterday and the…

GBP/CAD: Medium-term trade idea with good risk reward [The Carney Trade]


Monthly chart shows how far this pair has fallen with little or no retracement (see chart). Weekly…

Care is warranted on JPY and CHF crosses


We are witnessing some hefty positional liquidation across the so-called 'risk' pairs and I think…

AUD/USD: Time to start using trailing stops


I'm not a great believe in the use of trailing stops (for the simple reason that they usually get…

AUD/USD: Topside pressure should increase as AUD/JPY nears 90.00


The JPY crosses are weak in the face of heavy positional liquidation and AUD/JPY is drifting…

USD/JPY: Technical support near 97.60 but selling rallies favoured


If you are a strong believer that this pair is in an up-trend then you can consider buying Fibo…