March 26, 2013
AUD/JPY might be the next one to break lower
I'm back on a roll again in the crosses and my partial-profit target at 120.20 was hit last night…
March 25, 2013
EUR/USD closes gap as Cyprus deal hits headlines
EUR/USD has now closed last Monday's opening gap from 1.3050 as news that a Cyprus deal has been…
March 22, 2013
EUR/JPY back near 122.00 as Cyprus mission to Russia comes up empty
I know I'm talking my position a lot but the Yen crosses feel really heavy to me and ripe for a…
March 22, 2013
Yet again, nothing happens during Asian trade
Absolutely nothing at all happening during Asian FX trade. Go do those important chores and come…
March 22, 2013
Cable: Flow guy still thinks it will be toppy above 1.5225
Flows and OrdersJPY crossesTrade IdeasEUR crossesGBP crosses
If you've been following his information in recent weeks, you will be aware that he's been…
March 22, 2013
EUR/JPY: Reports emerging on where the large trailing stops are placed
Technical AnalysisJPY crossesTrade IdeasFlows and Orders
Prime broker reports suggest that many of the really big EUR/JPY long positions are getting a bit…
March 22, 2013
EUR/JPY: Keep an eye on the 55-day MA
It has provided an excellent support point since mid-November and is currently sitting just below…
March 22, 2013
EUR/JPY continues its yo-yo week
Flows and OrdersAUD,NZDEUR crossesGBP crossesTrade IdeasEUR/USDUSD/JPYJPY crosses
From 124.50 on Friday last, to 121.50, to 124.00, to 122.00, to 124.50 and back to 122.30. EUR/JPY…
March 21, 2013
Very dull session in Asian FX market
The Yen strengthened slightly as profit taking kicked in ahead of important technical resistance…
March 21, 2013
JPY crosses slightly lower after FinMin comments
Japan's FinMin Aso is being quoted on the newswires as saying that achieving the 2% inflation…
March 21, 2013
No bright trade ideas this afternoon
AUD,NZDJPY crossesTrade IdeasUSD/JPY
The trades that could tempt me are: Short USD/JPY with stop above 96.70. Long AUD/USD at 1.0370,…
March 21, 2013
Kuroda to speak at 6pm Tokyo time tonight
Looks like we won't be seeing any wild volatility this afternoon. Bank analysts are downplaying the…
March 21, 2013
AUD/JPY, EUR/JPY edge back from important resistance levels
The 100.00 barrier in AUD/JPY and the 'gap' level near 124.35/45 in EUR/JPY are the two levels I'm…
March 21, 2013
Kuroda speech today; market speculating on early easing measures
There has been increased speculation over the last few hours that Kuroda San will use his first…
March 21, 2013
EUR/JPY: First of the main EUR pairs to close Monday’s opening gap
EUR/JPY closed on Friday in NY around 124.35 and gapped lower on Monday morning after the Cyprus…
March 19, 2013
EUR/JPY: Should find decent support at 122.70
Technical AnalysisTrade IdeasJPY crosses
That was yesterday's intraday high during Asian trade and I will look to cover part of my short…
March 19, 2013
Reports suggest that Cyprus unlikely to approve bank levy in current form
I'm not sure that they really have much choice at the end of the day, as the obvious alternative is…
March 19, 2013
JPY interbank flow reports
USD/JPYFlows and OrdersJPY crosses
Hedge funds are currently buying back Yen short positions, mainly against the EUR and the USD.…