March 25, 2013
Waiting to see how the Russians will react to Cypriot bank laws
We saw recently how venomously Russia reacted to towards the US in the case of the death of an…
March 25, 2013
EUR/JPY back below 123.00; just one ripple away from a tsunami
I should have put up a headline like "FXWW legends monster EUR/JPY lower" but maybe not. :) I still…
March 25, 2013
EUR holding up for now as market eyes topside stops
Flows and OrdersEUR crossesEUR/USD
Most of the big banks seem to be warning that any post-Cyprus-deal euphoria is likely to be…
March 25, 2013
Beware of great deals and guaranteed profits in the FX market
I've received a few unfortunate e-mails this weekend regarding both dodgy brokers and dodgy trading…
March 25, 2013
Cable stops were triggered in early interbank market
There was an early gap higher in cable this morning when the interbank market opened, as soon as…
March 25, 2013
Margin FX accounts could be severely affected by Cypriot events
I'm still trying to piece the whole story together but at this stage it seems that many margin FX…
March 25, 2013
EUR stops being reported topside
Flows and OrdersEUR crossesEUR/USD
EUR/USD stops now reported above 1.3075 and EUR/JPY stops reported above 124.00. I cannot see…
March 25, 2013
EUR/USD closes gap as Cyprus deal hits headlines
EUR/USD has now closed last Monday's opening gap from 1.3050 as news that a Cyprus deal has been…
March 25, 2013
Asian market open
You can click through here and read my full opening comments on FX Street.
March 25, 2013
Cable still maintaining its bid tone but technical resistance looms
No sign of any big sell orders near 1.5250 (although its quite normal for orders to be cancelled…
March 25, 2013
AUD: Short-term market building long positions
The hourly chart in AUD/USD looks quite constructive, being short EUR/AUD seems like a sensible…
March 25, 2013
JPY: Comments from South Korean FinMin will have an impact
The new South Korean FinMin has raised concerns about expansionist Japanese policies weakening the…
March 22, 2013
EUR/JPY: Struggled to bounce all day
I'm feeling quite comfortable with my short positions (famous last words) and I've put in a silly…
March 22, 2013
EUR/USD: Bids reported at 1.2870
No surprise there, that was after all the previous technical support and the market was unable to…
March 22, 2013
Cable: Favour a bearish bias at these levels
EUR/GBP is getting closer to decent support levels near .8450 and cable itself is edging towards…
March 22, 2013
EUR/JPY back near 122.00 as Cyprus mission to Russia comes up empty
I know I'm talking my position a lot but the Yen crosses feel really heavy to me and ripe for a…
March 22, 2013
Yet again, nothing happens during Asian trade
Absolutely nothing at all happening during Asian FX trade. Go do those important chores and come…
March 22, 2013
USD/JPY: Still healthy demand from options players and Japanese corporates
Some of the bigger hedge funds have been busy selling rallies but the dip-buyers are also active,…