April 10, 2013
Getting close to a move higher for USD
Technical AnalysisAUD,NZDTrade IdeasEUR/USDUSD/JPY
EUR/USD is nearing a technical resistance level near 1.3115/30. AUD/USD is also nearing the top of…
April 10, 2013
EUR/USD: Decent technical resistance 1.3115/30
The 38.2% retracement of the fall from 1.3710 to 1.2745 comes in at 1.3115. The 100-day SMA is…
April 9, 2013
EUR/USD: Dealers aiming at stops below 1.2990
No word on whether the bids from yesterday are still there around 1.2965 or not. Dealers report…
April 9, 2013
EUR/JPY fast approaching 130.00
EUR/USDFlows and OrdersUSD/JPY
EUR/USD accelerated above 1.3035 and it looks like some stops were targeted above there. EUR/JPY…
April 9, 2013
EUR/USD: Consolidating ahead of further gains
Unless Mr Bernanke says something unexpected to strengthen the USD, or some EZ news breaks which…
April 8, 2013
EUR/USD: Decent bids close by
I'm hearing from a good source that there are some decent bids close by in the EUR/USD near…
April 8, 2013
Asia still trading quietly
Nothing much has changed from this morning so the same levels still apply when we head into the…
April 8, 2013
EUR/USD: Period of range trading now favoured
Technical AnalysisEUR crossesTrade IdeasEUR/USD
The EUR crosses are turning bullish with EUR/JPY making new highs and EUR/AUD positioning at…
April 8, 2013
EUR/AUD: Long position looking safer
I went long of this pair on Friday near 1.2400 and have a stop in place now below 1.2325. I may…
April 4, 2013
EUR/JPY: Worth re-selling near 122.50?
Don't tempt me! Might the ECB follow the BOJ lead and escalate the currency wars? Might it make…
April 3, 2013
EUR/USD: Heavy bids reported 1.2760/70
The flow guy informs me that there is plenty of EUR/USD buying interest between 1.2760/70 from…
April 2, 2013
AUD/JPY and cable worth watching in early trade
EUR/USDUSD/JPYTrade IdeasAUD,NZDGBP crosses
The break below 97.50 in AUD/JPY has changed the bias considerable in my view; sell any intraday…
April 1, 2013
EUR/USD: Still favour test of 1.2665/80
EUR bearishness has eased a notch or two since last week but general sentiment towards the USD…
March 28, 2013
EUR edges slowly higher on pre-weekend short-covering
It looks as if the Asian market was overly short of the EUR and we've seen mild short-covering…
March 28, 2013
EUR/USD: Don’t try to catch the falling knife
Obvious target is at 1.2665/80 technical support but bulls will need a premium entry level given…
March 27, 2013
EUR/USD: There are some buyers around
One of the big German banks is reporting decent buying interest in EUR/USD around 1.2800. There is…
March 27, 2013
EUR/USD: Not much strong technical support until 1.2665/80
There is a daily low from early November at 1.2665 and the 61.8% retracement of 1.2040/1.3710 comes…
March 27, 2013
EUR/USD starting to look heavier
We are trading close tore ent trend lows and still looking heavy. This is more of a USD move at…