March 14, 2014
AUD/USD: Need to see some bullish technical tendencies
The price-action over the last few days in AUD/USD has been bullish in my view but I would like to…
March 14, 2014
JPY shorts squeezed as market lacks conviction
The one constant in recent months in the FX market has been lack of conviction amongst traders.…
March 13, 2014
AUD: Nearly time to call a bottom?
There have been plenty of reasons over the last few weeks for the AUD to fall even further,…
March 13, 2014
Cable: Hate to say I told you so but…
Some things in the FX market never change, stop-loss hunts being one of them. As I guessed…
March 13, 2014
AUD/USD range firm now between .8930/.9130
Both of these levels are now looking very strong and playing the edges of this range makes perfect…
March 13, 2014
AUD: Jobs data to provide volatility
The highlight for AUD traders on today's economic calendar will be the Australian jobs data with…
March 13, 2014
Gold looking to close above previous resistance at $1361
The big level to watch in Gold is at $1433 as a break and close above there would create a neckline…
March 13, 2014
NZD closing in on important resistance levels; AUD/NZD at 30-year lows
AUD/NZD has traded down to 1.05 on 4 occasions in the last 30 years. Each time this level has…
March 13, 2014
RBNZ raise rates as expected, NZD choppy
Statement refers to high NZD, says it remains a headwind but might only moderate gradually in…
March 12, 2014
Gold moving higher in Asia
There is significant resistance at $1361 daily highs and that looks to be today's target for the…
March 12, 2014
USD/JPY: Everyone’s afraid of missing the big upmove
The market is incredibly bullish USD/JPY in my view, and perhaps with good reason. From time to…
March 12, 2014
EUR/USD: Buying dips still preferred play
The EUR/USD has been obeying the main Fibonacci retracement levels in recent weeks and this is…
March 12, 2014
Cable: Worth buying 1.6570/80 with tight stop
The GBP has given back some of its big gains especially on crosses like EUR/GBP but the overall…
March 12, 2014
AUD/NZD: Longs stopped out as copper price plummets
The big prime brokers are attributing the large fall in copper prices to momentum-based…
March 11, 2014
Cable: Focus to be on 1.6580 during European trade
Technical support at 1.6580 with stops expected just below there; Busy day on the economic…
March 11, 2014
AUD/NZD: Fresh longs in play
I'm a glutton for punishment but I cannot resist the attempt to try and pick the bottom in AUD/NZD…
March 11, 2014
AUD drifting lower as iron ore prices fall
Despite the big falls in iron ore prices, the AUD/USD is only falling very slowly which is somewhat…
March 11, 2014
EUR/GBP: Needs to break and hold above .8350 to form double-bottom
Some very savvy prop traders have been building long positions in EUR/GBP over the last few……