October 30, 2012
Could be some good entry levels for bulls post BOJ
USD/JPY has fallen back towards support at 79.50 after the BOJ only slightly outdid it's expected…
October 29, 2012
NY markets likely to stay closed on Monday
Hurricane Sandy's impending arrival in metropolitan NY is expected to keep the US stockmarket…
October 26, 2012
There are 4 criteria that need to be filled before the RBNZ can intervene
Coming on the back of comments from the RBNZ's Wheeler that intervention can have some short-term…
October 25, 2012
BoE’s Bean says UK economy is over the worst
Cable is trading near session highs and the risk trades are all at intraday highs. Are we seeing…
October 25, 2012
Hang Seng rises for 11th consecutive day
Lots of money still flowing into HK it would seem, with the local sharemarket posting it's longest…
October 25, 2012
Webinar day today!
If you'd like to hear my thoughts on the pros of 'position building' and the cons of 'trade…
October 24, 2012
Why traders trigger stops!
The easiest way to describe this is with an example. Let's take EUR/USD yesterday as an example.…
October 24, 2012
Some bank analysts changing their RBA forecast
The majority of bank analysts still seem to be coming down in favour of a 25bps rate cut next month…
October 24, 2012
Reports of 2-year extension for Greece
Risk trades and the EUR getting a boost from these reports but a German FinMin official won't…
October 24, 2012
USD/JPY: Hedge funds building longs but sellers heavy at 80.00
One of the biggest prime brokers reported overnight that Yen shorts are at extreme levels.…
October 24, 2012
AUD looks to improved Chinese data
Improved Chinese data and sentiment is helping the AUD to hold at session highs near 1.0320. I'm…
October 24, 2012
AUD tries to rally but sellers solid above 1.0300
Not many people playing after the numbers with AUD/USD running out of steam above 1.0300. Dealers…
October 23, 2012
What to do now the debate is over?
CNN polling has 48% calling Obama the winner and 40% calling Romney. Based on this, we have two…
October 23, 2012
No need to adjust your sets, nothing going on
Check back in an hour and see if anything's started moving, in the meantime get those unwelcome…
October 22, 2012
JPY crosses still marching higher
No sign of this afternoon's move higher in the JPY crosses to lose momentum. EUR/JPY has tripped…
October 19, 2012
FX market staying very slow in Asia
We've had a reasonably busy week so the law of averages kicks in and we get a total non-event today…
October 17, 2012
What will Europe do?
My feeling is that stoploss driven moves in Asia usually get reversed in early Europe so let's see…