October 18, 2012
EUR: Macro funds still short after “ordinary” year
EUR/USDEUR crossesFlows and OrdersAUD,NZD
The chatter in the professional market is that most of the big macro hedge funds have had a pretty…
October 18, 2012
AUD/USD: Parameters now at 1.0310/1.0440
The main dynamic in the market at the moment is position adjustment, but we should not forget that…
October 17, 2012
AUD/USD technicals: Fibo resistance at 1.0350
Technical AnalysisTrade IdeasAUD,NZD
There is quite strong technical resistance at 1.0350, which is the 61.8% retracement of the…
October 17, 2012
AUD/USD: Large stops above 1.0340 and 1.0350
Just repeating what I said earlier, the big macro funds are short and bearish, and have been…
October 17, 2012
AUD/JPY: Time to book some profits
I find it very hard to trust any moves which happen in early Asian twilight markets so I've booked…
October 17, 2012
AUD/USD: Approaches very important levels near 1.0320
There's always one level which seems to take on extra importance and in the AUD/USD at present that…
October 17, 2012
EUR/AUD: Up-trend intact but stochastic indicators suggest it’s overbought
AUD,NZDTechnical AnalysisEUR crosses
The up-trend on the 4-hour chart is clearly intact and a re-test of recent highs at 1.2825 is…
October 17, 2012
AUD/USD takes lead from EUR/USD, back above 1.0300
I'm not sure if 'negative outlook' for Spain is a good reason for euphoric risk-on trading but…
October 17, 2012
EUR/USD: Fresh shorts in play
EUR/USDGBP crossesTrade IdeasAUD,NZD
My sell order at 1.3050 was triggered overnight and I'm starting out with only a moderately sized…
October 16, 2012
EUR/USD: Still in range-trading mode so look to sell rallies
The Spanish bail-out news is undoubtedly giving the EUR some bullish impetus and short positions…
October 16, 2012
AUD/JPY: Next resistance hourly highs at 81.20/25
This pair still looks quite strong but Europe may take a different view, so I will lighten my long…
October 16, 2012
AUD hanging onto gains, quiet elsewhere
AUD/NZD has given back some of its earlier gains after the break above 1.2575 but AUD/JPY is…
October 16, 2012
AUD/NZD: Break above technical resistance should lead to AUD/USD demand
The break above important technical resistance (hourly highs, 61.8% retracement) opens the way…
October 16, 2012
AUD: No new momentum from RBA minutes
AUD/USD is stuck in the middle of a tight 1.0230/70 range and the release of the meeting minutes…
October 16, 2012
AUD/JPY trade: Risky longs in play
AUD,NZDJPY crossesTrade IdeasUSD/JPY
I've got a relatively small long position here at 80.68 with a 40 pip stop-loss and I will look to…
October 15, 2012
AUD/USD off lows after China CPI data and CNY fix
China's CPI came in bang on expectations at +1.9% YoY and a little while before that, the PBOC…
October 15, 2012
Just another risk-off Monday: AUD drifts lower as S&P futures fall
I believe that something like 14 out of the last 15 Monday's have been risk-off and today is…
October 15, 2012
AUD/USD slips back to opening levels in quiet trading conditions
We saw a small spike higher in early trade on the back of better-than-expected Chinese trade data…