April 10, 2013
Yen crosses: Strong bounce back shows strength of trend
There was a rush of profit-taking in pairs like AUD/JPY and EUR/JPY in late-Asia early-Europe…
April 10, 2013
AUD/USD: Targeting 1.0575 trend channel highs
Technical AnalysisTrade IdeasAUD,NZD
The break above 1.0500 has changed the short-term picture to mildly bullish. Look to buy intraday…
April 10, 2013
EUR/USD: Decent technical resistance 1.3115/30
The 38.2% retracement of the fall from 1.3710 to 1.2745 comes in at 1.3115. The 100-day SMA is…
April 9, 2013
Cable: 1.5250 confirmed as vital pivot
It's funny how the same levels keep cropping up again and again. This level was weekly support,…
April 9, 2013
EUR/USD: Dealers aiming at stops below 1.2990
No word on whether the bids from yesterday are still there around 1.2965 or not. Dealers report…
April 9, 2013
EUR/JPY: Missed my chance for quick contrarian trade
Always much easier in hindsight of course, but EUR/JPY simply smelt wrong near 130.00 earlier today…
April 9, 2013
JPY starting to feel a bit overstretched
Now I'll be the first to admit that I've thought this on many occasions and been wrong but USD/JPY…
April 9, 2013
EUR/JPY fast approaching 130.00
EUR/USDFlows and OrdersUSD/JPY
EUR/USD accelerated above 1.3035 and it looks like some stops were targeted above there. EUR/JPY…
April 9, 2013
Kiwi keeps on powering higher
The NZD is trading at post-float highs on its TWI and is showing no signs of slowing down. Those…
April 9, 2013
Cable: Testing support levels near 1.5250
This has been a big level for the cable, providing a weekly low which held for months, then…
April 9, 2013
AUD/USD: Unable to generate any momentum
Yesterday I thought the break below 1.0380 might generate some bearish momentum but it was not to…
April 9, 2013
USD/JPY: Too dangerous for me at these levels
We've come 700 pips in around 9 trading sessions and the market is showing no signs of slowing…
April 9, 2013
EUR/USD: Consolidating ahead of further gains
Unless Mr Bernanke says something unexpected to strengthen the USD, or some EZ news breaks which…
April 8, 2013
EUR/USD: Decent bids close by
I'm hearing from a good source that there are some decent bids close by in the EUR/USD near…
April 8, 2013
EUR/CHF: Ready to follow EUR/JPY higher?
I've had quite a few enquiries today regarding EUR/CHF and whether we should be looking to buy it…
April 8, 2013
Today’s deliberate mistake was..
I forgot to post the Asian market open commentary which you can view here on FX Street, apologies…
April 8, 2013
Asia still trading quietly
Nothing much has changed from this morning so the same levels still apply when we head into the…