May 6, 2013
Cable: Still struggling to break above 1.5600
I tried shorting this pair on Friday evening but gave up and thankfully booked only a tiny loss.…
May 6, 2013
AUD/USD: First layer of support noted near 1.0260
Local dealers say that order boards are still pretty light but that the first layer of support…
May 6, 2013
RBA: Case gets stronger for a 25bps cut tomorrow
I think it should be a foregone conclusion that the RBA cuts tomorrow, given what's happening at…
May 6, 2013
Asian market open
You can click through here and read my full opening commentary on FX Street.
May 6, 2013
EUR/JPY: Friday night’s price action suggests bull trend back on track
Trade IdeasJPY crossesEUR crosses
Anyone who traded through the NFP data on Friday probably has the same sense that I have, namely…
May 6, 2013
Technical support/resistance levels updated
Those who wish to access the new technical analysis support/resistance tables plus some…
May 3, 2013
Cutting short-term trades ahead of the weekend
I'm taking my 5 pip loss in the cable and my 85 pip profit in USD/JPY and heading into the weekend…
May 3, 2013
EUR/USD: Sell orders capping near 1.3115
Those sell orders I mentioned earlier at 1.3115 have done the job so far and are capping for now.…
May 3, 2013
Cable: More likely to go down rather than up in short-term
Weak trailing stops are building just below the market and one of my contacts in HK, who's been…
May 3, 2013
EUR/USD orders updated
Bids reported near 1.3030 but stops also directly below 1.3020. Sovereign buyers, including China,…
May 3, 2013
RBA will cut by 25bps next week, maybe even 50bps
Australian rates are at 3% in a world where the ECB is considering negative rates and whilst US…
May 3, 2013
Asian market open
You can click through here and read my full opening comments on FX Street.
May 3, 2013
Levels to watch in the FX market, Friday May 3rd
Trade IdeasEUR/USDUSD/JPYFlows and OrdersAUD,NZD
Remember that China and Japan are closed again today so it should be quiet in Asia. AUD/USD bids…
May 2, 2013
AUD/USD support holds the first test
1.0225 has been tested quite seriously, as has the AUD/NZD support at 1.2050, and both have held on…
May 2, 2013
AUD/NZD: Closing in on recent lows
I had thought that this pair might show some inclination to form a base near 1.2100 but that's…
May 2, 2013
ECB: Overwhelming expectation of a 25bps refi rate cut
All 6 major bank reports that I've read today expect the ECB to cut the refi rate to 0.5% but leave…
May 2, 2013
AUD/USD: Solid buying interest still reported near 1.0225
I'm hearing from a few local banks that the corporate and Sovereign bids are still in place near…
May 2, 2013
USD/JPY: Barrier defence still in play at 97.00
Flows and OrdersUSD/JPYEUR/USD
The market's biggest player is reportedly defending a 97.00/104.00 double-no-touch option and…