January 7, 2013
EUR/JPY support 114.20/30 getting tested again
If this level can hold again then we should see trailing stops building above 114.75. A clean…
January 7, 2013
EUR/JPY view #2: Wait for an outside week before commiting to contrarian trade
Very wise old trader just sent me his view of the world and he's expecting a very volatile week in…
January 7, 2013
Head of Japan’s business lobby expects USD/JPY range of JPY75/90
No wonder he's happy with the current level of 88.00. EUR/JPY dipped towards support at 114.30 on…
January 7, 2013
EUR/JPY: Next support at hourly lows near 114.30
There may even be stops placed below there so some care is needed if you are trying to pick a base.…
January 7, 2013
EUR/JPY: Hanging around session lows, still looking softish
PM Abe made lots of bold statements in the weekend press, and a joint-statement between the…
January 7, 2013
Around the Asian markets
Stocks slightly lower as morning sessions come to a close: Gold fairly steady near $1660/oz: Risk…
January 7, 2013
EUR/JPY: Fails to maintain gains and now sliding lower
I've taken a small short position in this pair this morning as I feel there is plenty of scope for…
January 7, 2013
USD/JPY: Talk of optionality at 88.50
USD/JPYFlows and OrdersJPY crosses
Some unconfirmed chatter of a barrier at 88.50 but I don't believe it's a very big one. Most focus…
January 3, 2013
China official non-manufacturing PMI improves slightly to 56.1
Recent economic data out of Asia has been reasonably promising which would explain the seeming bias…
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…
January 2, 2013
NZD/JPY leading the way, up almost 1.5% today
I don't have any access today to interbank NZD dealers but I think its safe to say that liquidity…
January 2, 2013
US House of Reps to vote on fiscal-cliff bill in 15 minutes
The Senate already passed the bill and it looks like the House will do the same when it votes…
January 2, 2013
Cable closing in on important resistance level above 1.6300
Cable has topped out near 1.6300/10 on three separate occasions in recent months and we are closing…
January 2, 2013
EUR/JPY chopping around on fiscal cliff headlines
Not many traders playing today and markets usually stay quiet until the start of the second week in…
December 31, 2012
JPY crosses slightly higher as fiscal cliff decision delayed
There is still reportedly some significant distance between the two main US political parties and…
December 31, 2012
“Wait and see” is the best strategy today
Running large positions on a day like today is probably not a great idea although if large hedge…
December 28, 2012
EUR/JPY: Next major technical resistance at 116.70
EUR crossesTechnical AnalysisJPY crosses
116.70 is the 50% retracement of the big fall from 139.20 to 94.00 and should be respected, as the…