January 23, 2013
Cable: Hanging on grimly to the 1.58 handle
As I've said a few times recently, cable is extremely tricky to trade at the moment. There have…
January 22, 2013
GBP staying weak in overnight trade
I've updated the medium term technicals for both cable and EUR/GBP in the members section. Cable is…
January 21, 2013
EUR/GBP: Might be some value in trying to pick a short-term top
Technical AnalysisTrade IdeasGBP crosses
Overall I remain bullish on this pair but I've been trading it since 1986 and it does nothing in a…
January 21, 2013
GBP/JPY technicals: Looks more like a wedge than a top
Technical AnalysisGBP crossesTrade IdeasJPY crosses
The 2-hour chart seems to be forming a wedge (see members) between 141.25 and 144.00. This is…
January 21, 2013
Cable: Still very tricky to trade; bearish but at lower end of range
The single main driver in cable is EUR/GBP flows, no doubt about that. Longer term structural short…
January 18, 2013
AUD pops up 20 pips on slightly better than expected China GDP
The headline number came in at 7.9%, slightly better than expected. AUD/USD is back above 1.0550…
January 18, 2013
Cable proving tricky to trade in current environment
EUR crossesTrade IdeasGBP crosses
Obviously the dominant influence on the GBP at the moment is coming from EUR/GBP, where we are…
January 17, 2013
Range trading in the main during Asia but some big moves to come
EUR/USDUSD/JPYOthersTrade IdeasAUD,NZDGBP crosses
AUD/USD triggered weak stops below 1.0500 after poor jobs data, AUD looks weak on crosses:…
January 17, 2013
EUR/GBP: Booking partial profits
EUR crossesTrade IdeasGBP crosses
I've been long for ages on this pair and I'm taking around 40% of my profit off the table. I…
January 17, 2013
Massive order levels in AUD/USD, EUR/CHF and GBP/USD
AUD,NZDOthersFlows and OrdersGBP crosses
I've updated the orders in the members section and the highlights are as follows: AUD/USD; large…
January 15, 2013
Cable: 1.5950 is big level to watch
Many of the so-called structural stops are reportedly below 1.5950; options book will start more…
January 9, 2013
Cable: Still in middle of it’s 4-year wedge
Hard to believe that the crazy currency pair which I started trading in 1986, and which used…
January 4, 2013
Friday January 4th: No obvious trends yet to emerge
EUR/USDUSD/JPYFlows and OrdersAUD,NZDGBP crosses
Since the temporary fiscal cliff solution was agreed upon, EUR/USD has gone from 1.3175 to 1.3300…
January 3, 2013
Updates on important levels and ranges
EUR/USDUSD/JPYFlows and OrdersAUD,NZDGBP crosses
EUR/JPY: Looks like a broad 113/116 range in coming sessions so patience required: USD/JPY:…
January 3, 2013
Cable: Prefer to buy dips after bullish break yesterday
EUR/USDGBP crossesTrade IdeasEUR crosses
We do need to be careful as we often get false breaks in thin holiday markets but for now I'm…
January 3, 2013
Liquidity to stay poor for next two days
We can expect more choppy illiquid trade for the next two days although the market is returning to…
January 2, 2013
Cable: Should now find support below 1.6300
Europe will probably walk in and say 'what the hell was the Asian market thinking?'. Then again…
January 2, 2013
GBP/JPY goes crazy as cable stops triggered
The entire planet has known forever that political grandstanding would continue up until the last…