March 8, 2013
Cable support at 1.4970
The USD is making gains against the GBP and the AUD as well as the Yen during Asian trade. Cable is…
March 7, 2013
Cable: If you feeling brave…
Feels a bit oversold to me and I might try that dangerous game of picking a bottom, if prices stall…
March 7, 2013
GBP/USD: Cynical stop-loss hunt in thin markets
There isn't much liquidity at this time of the morning in cable and interbank dealers took…
March 7, 2013
GBP/AUD: Diverging Central Bank expectations keep the pressure on
The problem with experience is that we have seen pairs like GBP/AUD at much higher levels (twice as…
March 6, 2013
Once again Asia gives few clear clues to FX market
Maybe I've gone temporarily blind and can't read the signals but these markets are giving me…
March 5, 2013
Cable sees some heavy short covering
Interbank dealers reported during the European session that there were a lot of hopeful buyers…
March 4, 2013
Cable likely to lead the way in London trade
It's hard to find a weaker currency than the GBP at the moment and on the opposite side of the…
March 4, 2013
Cable outlook
The sell-off in sterling is showing no signs of letting up and more weak domestic data triggered…
March 1, 2013
Cable: Prefer to buy intraday dips for 1.5250 test
Trade IdeasAUD,NZDEUR crossesEUR/USDUSD/JPYGBP crosses
I still feel that last Friday's gap in late NY trade from 1.5250 is likely to be closed. I prefer…
February 28, 2013
GBP: Tide turning in favour of more QE
It's not the Moody's downgrade which is likely to have the biggest impact on the GBP, although…
February 27, 2013
Nice risk-reward for cable bulls
This optionality ahead of 1.5050 has been well-reported for some time now and the fact that we…
February 27, 2013
No bright ideas emerging from today’s trade
Flows and OrdersAUD,NZDGBP crossesEUR/USDJPY crosses
AUD/USD: Still sitting above major option barriers and more to come at 1.0150. EUR/USD: Staying…
February 26, 2013
Cable: Still looking for gap to 1.5250 to be closed
Cable gapped lower on Friday afternoon in NY on the Moody's UK debt downgrade, news which was…
February 25, 2013
Cable: Good risk-reward for bulls buying at 1.5100
We've been down as far as 1.5075 from 1.5250 since the news of the downgrade was released in NY…
February 25, 2013
EUR/JPY: Now almost 200 pips higher than the NY close
EUR/USDJPY crossesEUR crossesGBP crosses
Both EUR/JPY and EUR/GBP have made big moves higher and as I surmised last night, it's likely to be…
February 25, 2013
Cable: Barriers expected 1.5050 and 1.5000
Reports last week suggested that there will be solid barrier protection ahead of 1.5050 and 1.5000…
February 25, 2013
Cable makes new lows below 1.5130, USD/JPY gaps 100 pips higher
The early interbank market is up and running and cable has traded to fresh trend lows near 1.5100…
February 24, 2013
GBP to be the main focus on Monday morning
Cable fell by about 90 pips in thin late-NY trade after Moody's downgraded the UK by 1 notch. This…