March 26, 2013
EUR/USD: Weak trailing stops now above 1.2900
Pretty typical Asian session kills all momentum out of the market. Watch for trailing stops above…
March 25, 2013
Waiting to see how the Russians will react to Cypriot bank laws
We saw recently how venomously Russia reacted to towards the US in the case of the death of an…
March 25, 2013
EUR/JPY back below 123.00; just one ripple away from a tsunami
I should have put up a headline like "FXWW legends monster EUR/JPY lower" but maybe not. :) I still…
March 25, 2013
EUR holding up for now as market eyes topside stops
Flows and OrdersEUR crossesEUR/USD
Most of the big banks seem to be warning that any post-Cyprus-deal euphoria is likely to be…
March 25, 2013
EUR stops being reported topside
Flows and OrdersEUR crossesEUR/USD
EUR/USD stops now reported above 1.3075 and EUR/JPY stops reported above 124.00. I cannot see…
March 25, 2013
EUR/USD closes gap as Cyprus deal hits headlines
EUR/USD has now closed last Monday's opening gap from 1.3050 as news that a Cyprus deal has been…
March 22, 2013
EUR/USD: Bids reported at 1.2870
No surprise there, that was after all the previous technical support and the market was unable to…
March 22, 2013
EUR/JPY continues its yo-yo week
EUR crossesGBP crossesTrade IdeasEUR/USDUSD/JPYJPY crossesFlows and OrdersAUD,NZD
From 124.50 on Friday last, to 121.50, to 124.00, to 122.00, to 124.50 and back to 122.30. EUR/JPY…
March 20, 2013
EUR/USD: Hasn’t been able to consolidate below 1.2870
The bulls will be slightly more optimistic after prices failed to consolidate the bearish break…
March 20, 2013
EUR: Heavy sales seen from asset managers
In January and February we saw a big rally in the EUR crosses as asset managers bought back into…
March 19, 2013
EUR/USD: Very important support at 1.2870/80 and gap target at 1.3050
The EUR market was very very bearish yesterday and took out a well-defended barrier at 1.2900, but…
March 18, 2013
EUR/USD: Trailing stops building above 1.2930
Technical support is at 1.2870/75 and that is likely to attract some bids, with the liklihood of…
March 18, 2013
Big players take stock before deciding on next step
When we get a big event like the Cypriot bank bail-out, the major banks click into overdrive. All…
March 18, 2013
EUR/USD: Still looking very soft
All of the major banks seem to be aligned, that we will not get any major fall-out from the events…
March 18, 2013
Bank analyst reactions to developments in Cyprus
Many thanks Rich for the excellent synopsis of 9 major bank analysts and their take on the weekend…
March 18, 2013
EUR/USD: Barrier protection at 1.2900
A local hedge fund tells me that there was talk on Friday of a barrier at 1.2900 which looks to be…
March 18, 2013
EUR: Best avoided until the dust settles
It's not a great start to the week for some European bank-account holders to find that 10% of their…
March 18, 2013
EUR/USD trading 100 pips lower after Cyprus bank tax
Trade IdeasUSD/JPYEUR/USDEUR crosses
EUR/USD opened 100 pips lower after EU FinMins agreed to Cyprus imposing a tax on bank deposits.…