November 12, 2012
AUD/USD orders update
Light sell orders reported at 1.0450 although I hear unconfirmed reports of stops above 1.0440.…
November 12, 2012
AUD/JPY edges higher in light trade
Risk sentiment is improving slightly for all the reasons mentioned below. AUD/JPY is edging higher…
November 12, 2012
EUR bulls feeling slightly more confident
With the Greek vote now done and the prospect of Sovereign bids below 1.2700, not to mention higher…
November 9, 2012
Why do dealers target stops?
I've been asked again, ‘why do dealers target stops?’. Lets look at an example of an interbank…
November 8, 2012
All quiet in FX market ahead of central bank meetings
I'm sure things will pick up a bit later on today after the ECB and BOE (neither expected to change…
November 8, 2012
Around the Asian markets
Stocks are -1.5% on average: Gold steady around $1715/oz: Copper +0.25%: Oil $107.50/bbl +0.6%.
November 8, 2012
Chinese communist party congress getting underway
President Hu Jintao is currently speaking and is saying that China faces unprecedented risks.
November 8, 2012
Teflon AUD does it again
The AUD and the local economy is unaffected by what's happening elsewhere and just keeps on…
November 7, 2012
USD/AXY: Around $1 billion bought today in intervention
We can expect to see plenty of activity from ACBs later today as they seek to recycle these freshly…
November 7, 2012
FX market starting to feel “tradeable” again
I'm not overly sure how to define a "tradeable" market, but it's a market which moves constantly…
November 6, 2012
Last word on Melbourne Cup day goes to the bookies
Some bookmakers, obviously looking for publicity, have started to pay out on a President Obama win…
November 6, 2012
EUR/USD tends to move sharply on London open
Very recent history, ie the last few trading sessions, suggests that EUR/USD is likely to go for a…
November 6, 2012
USD/JPY: Stops reported below the market
I can't believe that the stops are overly big or otherwise the market would have targeted them…
November 1, 2012
Stop Losses R Us
If the FX market was a store it would be called Stop Losses R Us! Or perhaps as Iridium suggests,…
November 1, 2012
Still no movement after data drop is complete
The final HSBC number came in at 49.5, up from 47.9 last time, but nobody cares and nobody is doing…
November 1, 2012
South Korean economic data improves in October: PMI and trade surplus rise
PMI rose to 47.4 from 45.7 in September: Trade surplus came in at $3.8bln, better than the…
October 31, 2012
EUR/CHF: Time for me to give up on long position.
I've had enough of the frustration and am taking my loss and giving up on this pair. It's probably…
October 31, 2012
Asian stocks edge higher; US nuclear plants get all clear
Thankfully I missed most of this lackluster session by going to lunch. Stocks are up a bit in Asia…