December 6, 2013
Did I mention GBP/JPY looked toppy…..
One thing that will never change in the FX market is that erstwhile bears change their coats and…
December 5, 2013
GBP/JPY: Good risk-reward for the contrarian bears
FXWW NewsJPY crossesTrade IdeasGBP crosses
Looking for extremely over-bought or over-sold conditions can be a very profitable exercise in the…
December 5, 2013
GBP and EUR having a short vacation
FXWW NewsEUR crossesTrade IdeasGBP crosses
Very little movement in either overnight; I've reduced my long position in GBP/USD as the…
December 3, 2013
Cable: Selling a bit more at 1.6410
FXWW NewsGBP crossesTrade Ideas
There has been more positive data out of the UK and this has seen cable move back above 1.6400.…
December 3, 2013
Might be a good time to book some profits on EUR/AUD, GBP/NZD etc
FXWW NewsAUD,NZDGBP crossesTrade IdeasEUR crosses
Despite a big technical break yesterday, GBP/NZD failed to consolidate these gains and will close…
December 2, 2013
Cable: Target filled at 1.6410
FXWW NewsFlows and OrdersTrade IdeasGBP crosses
The first of my longer term targets at 1.6410 has been filled. Remember that we've come from 1.50…
December 2, 2013
EUR/GBP: Stops triggered below .8290 in early interbank trading
FXWW NewsFlows and OrdersTrade IdeasGBP crosses
I remember being on the receiving end of some dodgy GBP/DMK stops during early Monday morning trade…
November 29, 2013
Trades to watch for, Friday November 29th
FXWW NewsAUD,NZDTrade IdeasGBP crosses
Stay long cable, this is a no-brainer in my view. I've cancelled my take-profit orders this…
November 28, 2013
Cable: Partial take-profit orders set at 1.6410
FXWW NewsGBP crossesFlows and Orders
As you all know I'm very bullish on cable and have been for some time but I'm also a realist and…
November 28, 2013
Cable: Close above 1.6260 will only add to bullish sentiment
FXWW NewsGBP crossesTrade Ideas
GBP/AUD has accelerated higher again and it's next technical target is weekly highs just below…
November 26, 2013
Trade ideas for Tuesday November 26th
FXWW NewsTechnical AnalysisGBP crossesTrade IdeasAUD,NZD
Cable has failed to break above 1.6260 and is threatening to retrace inside its consolidation…
November 22, 2013
AUD/USD and Cable update
FXWW NewsFlows and OrdersGBP crossesTrade IdeasJPY crosses
Prime broker reports stops just above 1.6200 in cable but sell orders also seen 1.6215/20 which…
November 22, 2013
Cable: Expect test of 1.6250/60 later today
FXWW NewsTechnical AnalysisTrade IdeasGBP crosses
Obviously talking my book here as usual but all the signs remain bullish for the GBP in my biased…
November 21, 2013
GBP/JPY: Major resistance at 163.00
FXWW NewsJPY crossesTechnical AnalysisGBP crosses
Huge level looming large for GBP/JPY at 163.00 (see chart). Normally these levels hold on the first…
November 13, 2013
Cable: False break makes me even more committed to buy-dip strategy
FXWW NewsTechnical AnalysisTrade IdeasGBP crosses
The bears showed their weakness yesterday, unable to hold below 1.5900 after an important technical…
November 8, 2013
EUR/GBP: Sell rallies but .8300 looks cheap-ish in short term
FXWW NewsGBP crossesTrade Ideas
I'm not able to post charts at the moment but a quick view at the weekly chart confirms to me that…
November 4, 2013
FX market open, week November 4th: Still looking to sell USD rallies
FXWW NewsTechnical AnalysisAUD,NZDGBP crossesTrade IdeasEUR/USDEUR crosses
My opinion hasn't changed and I'm still looking to sell medium-term USD rallies in preparation for…
November 1, 2013
Cable technicals: Double Trouble
FXWW NewsTechnical AnalysisTrade IdeasGBP crosses
Two big possible scenarios here and we need to wait and see which one plays out (see chart). There…