April 22, 2013
Cable: Decent technical support at 1.5175
There is trend-line support and a 61.8% retracement (1.5030/1.5410) converging near 1.5175 which…
April 22, 2013
Now the FX market can really open for the week
AUD,NZDGBP crossesTrade IdeasUSD/JPY
Thankfully I've missed no opportunities during a very side-ways Asian session so we can look to…
April 22, 2013
Staying quiet in early Asian FX market
GBP crossesEUR/USDUSD/JPYTrade IdeasAUD,NZD
Nothing much to report so far this morning with most of the market's focus on USD/JPY, and whether…
April 22, 2013
EUR/JPY: Buy dips for test of 131.10
EUR crossesTrade IdeasJPY crosses
I favour buying intraday dips back towards 129.60/70 with a reasonably tight stop looking for a…
April 22, 2013
IMM market positioning updated
Members can view the latest update from HSBC in the members section (let me know if you need a…
April 22, 2013
USD/JPY: Barrier protection still in place ahead of 100.00
Dealers report plenty of interest near 100.00 with option-related sellers being joined by…
April 22, 2013
EUR/GBP: Nice bounce off .8500 lows
EUR/USDGBP crossesTrade IdeasEUR crosses
My patience was rewarded in this pair on Friday when market stops below .8530 were triggered and I…
April 22, 2013
EUR/AUD: Broad consolidation 1.2600/1.2750 but looking bullish
The fact that the AUD fell back on Friday afternoon to finish the week on its lows. despite…
April 22, 2013
AUD/JPY: Still capped by Fibo resistance at 102.85
Technical AnalysisUSD/JPYTrade IdeasAUD,NZD
The 61.8% retracement of the 105.40/98.70 fall comes in at 102.85, which was the high on Friday…
April 19, 2013
Heavy flows going through in early Europe
EUR/USDGBP crossesFlows and OrdersUSD/JPY
Sovereign names selling USD/JPY in reasonable size near 99.25 but no sign of a pullback yet.…
April 19, 2013
AUD/JPY: Trying risky shorts ahead of technical resistance
Technical AnalysisUSD/JPYTrade IdeasAUD,NZD
The 61.8% retracement of the big fall from 105.40 to 98.70 comes in at 102.85. I've taken a risky…
April 19, 2013
There go the GBP stops
As I mentioned a little earlier they were lined up with most of the big banks waiting to be hit.…
April 19, 2013
AUD/USD: Testing intraday offers again
Decent-sized selling interest was reported earlier today at 1.0335/40, which is where we are now…
April 19, 2013
GBP: Expect stops to be targeted in early European trade
EUR/GBP: Stops reported below .8530. Cable: Stops reported above 1.5325.
April 19, 2013
USD/JPY: Real money sellers reported above 98.60
Comments from Japanese FinMin Aso have accelerated the buying in the Yen crosses but USD/JPY is…
April 19, 2013
If it looks and smells like a Toshin flow…
A good source at a local hedge fund is hearing that Toshin demand is driving the NZD and AUD higher…
April 19, 2013
South Korean FinMin says weak Yen is bigger threat than North Korea
So much for no mention being made at the G20 of Japanese FX policy! We might see USD/JPY dip a…
April 19, 2013
Asian market open
You can click through here and read my opening comments on FX Street. Looks like its going to be a…