June 5, 2013
USD/JPY: Looks soft heading into European open
I'm running a small USD/JPY short which I wish was larger. The market is trying to buy dips at the…
June 5, 2013
JPY: Growing expectations ahead of PM Abe’s speech this morning
One other important risk event to take note of is the planned speech by PM Abe, which I believe is…
June 5, 2013
Asian market open
You can click through here and read my full opening commentary on FX Street.
June 5, 2013
Cable: Very heavy turnover reported overnight; 1.5150/1.5370 range favoured
Flows and OrdersTrade IdeasGBP crosses
At least 3 of the big banks are reporting very heavy turnover in the cable overnight and the…
June 5, 2013
USD/JPY: Selling rallies towards 101.00 preferred
Technical AnalysisTrade IdeasUSD/JPY
Prime brokers report that short-term speculators are building long positions around 100.00. The…
June 5, 2013
AUD/NZD: Range traders have done well recently in this pair
The non-sexy side of FX trading is usually the most profitable, not aiming for 25 big figure moves…
June 5, 2013
EUR/AUD: Stalls again at 1.3600; contrarians take note!
The market showed just how bearish it is on the AUD, giving back all of its gains quite quickly…
June 4, 2013
GBP/JPY: Good name taking profit after long-term play
I'm always interested to hear what these kinds of traders are up to; this big professional trader…
June 4, 2013
Cable: Looking bit heavy in early European trade
I sold 1/2 my long position overnight at 1.5315 and will look to buy it back on any big dips…
June 4, 2013
USD/JPY: Reducing shorts, looks like I might have the wrong levels
No point in hanging on to positions that I'm not sure about. I sold at 100.06 and 30 but have…
June 4, 2013
EUR/USD: Retail sentiment remains overwhelmingly bearish
I'm sorry to say this, but if the retail market gets heavily biased in one direction they are…
June 4, 2013
EUR/USD: Dealers eyeing stops below 1.3040
I cannot imagine why anyone would want to place a stop-loss order below 1.3040, right in the middle…
June 4, 2013
USD/JPY: Taking a small short position
I think the break below 100 was a big event and now that we've had the usual Asian reversal, I'm…
June 4, 2013
AUD choppy after RBA stays on hold; buy-dips preferred in short-term
No real surprises but it seems the market heard something bearish in the statement as AUD/USD went…
June 4, 2013
EUR looks like it could retrace somewhat on the crosses
EUR/GBP has failed on 4 separate occasions above .8590 and looks susceptible to a sharp drop…
June 4, 2013
AUD still edging lower into RBA
The AUD/USD is a bit tricky to trade at the moment with a strong downtrend in control but last…
June 4, 2013
Australian current account balance data due in 15 minutes
I can't imagine that this data will make good reading although the market is expecting an…
June 4, 2013
Asian market open
You can click through here and read my full opening comments on FX Street.