November 9, 2012
Pre-weekend positional square-up underway
AUD,NZDJPY crossesEUR/USDEUR crosses
Dealers say that liquidity is terrible and relatively small flows are moving the market. It seems…
November 9, 2012
Yen crosses likely to get squeezed lower as we near year-end illiquid markets
AUD,NZDFlows and OrdersJPY crosses
My argument here remains the same, hedge funds have been building large positions in the Yen…
November 8, 2012
Risk sentiment turns south along with share markets
Chinese shares are almost 1.5% lower in early trade and this is affecting risk sentiment in Asia,…
November 8, 2012
Risk sentiment turns very sour indeed
The bulled-up analysts got it wrong, initially at least, after yesterday's election result and the…
November 7, 2012
Risk trades turn higher with Obama on edge of victory
I thought an Obama win was expected to be risk-negative? Seems not, and the risk trades have turned…
November 1, 2012
Good-news day out of China
Both official and HSBC PMI data came in near or above expectations: The Shanghai index is over…
November 1, 2012
USD/JPY back above 80.00; AUD/JPY important resistance at 83.55 now looms
USD/JPYTechnical AnalysisJPY crosses
Not so much fanfare this time, but perhaps that means that the move can have more legs this time?…
October 31, 2012
EUR/JPY takes out yesterday’s post BOJ spike high
EUR/JPY is looking very strong already although the European session is only young. I'm still…
October 31, 2012
EUR/JPY: Consolidation 102.60/103.40 before higher to test 104.80
The BOJ easing had little or no impact and with the market already sitting short Yen, we saw some…
October 30, 2012
The only reason to buy JPY is to cut existing positions
The BOJ action of today is certainly not a strong signal to suddenly buy the Yen. On the contrary,…
October 30, 2012
Levels to watch post-BOJ
Flows and OrdersJPY crossesTechnical AnalysisUSD/JPY
USD/JPY: Sell orders reportedly heavy 80.40/50 and again near 80.85/90; stops reported below 79.50…
October 30, 2012
Reports of alert at nuclear plant in US
Risk trades have turned lower on reports of an alert at a nuclear power plant in New Jersey.
October 30, 2012
Some hedge fund interest to buy USD/JPY
USD/JPYFlows and OrdersJPY crosses
Dealers say that demand for USD/JPY has been very steady over the past 2 hours but that EUR/JPY…
October 30, 2012
EUR/JPY: Trimming open positions ahead of BOJ
We can expect the decision to be announced sometime after 12pm Tokyo time (edit: between 03:10 and…
October 29, 2012
EUR/JPY: Technical support at 102.35
EUR crossesTechnical AnalysisJPY crosses
That's the 50% retracement of 100.15/104.60.
October 29, 2012
Yen crosses under mild pressure as session gets underway
EUR/USDGBP crossesFlows and OrdersJPY crosses
The market is still probably quite short of Yen across the board and we are seeing further profit…
October 28, 2012
EUR/JPY trade update
As always with these things, I wish I'd sold more but such is the nature of trade-building…
October 26, 2012
Risk trades looking bit sick as Europe gets underway
No major story to report out of Asia with the usual case of positional adjustment ahead of the…