February 25, 2013
AUD slips on risk-aversion as retail market opens
The AUD is being affected by some risk-aversion post UK downgrade and I suspect that the Japanese…
February 25, 2013
Retail market smashes EUR/JPY back down on open
Looks like the retail market agrees with me and we've seen a big dip in EUR/JPY right on the…
February 25, 2013
Asian market open
You can click through here and read my full opening comments on FX Street.
February 25, 2013
EUR/JPY: Small short position in play
JPY crossesEUR crossesTrade Ideas
Prices have reached the top of the Pennant formation which I've been tracking (see members) and…
February 25, 2013
USD/JPY still surging, highs so far around 94.75
Dealers are too busy to talk to me and I remember well how hectic it can be on a Monday morning in…
February 25, 2013
EUR/JPY: Now almost 200 pips higher than the NY close
JPY crossesEUR crossesGBP crossesEUR/USD
Both EUR/JPY and EUR/GBP have made big moves higher and as I surmised last night, it's likely to be…
February 25, 2013
Cable: Barriers expected 1.5050 and 1.5000
Reports last week suggested that there will be solid barrier protection ahead of 1.5050 and 1.5000…
February 25, 2013
Cable makes new lows below 1.5130, USD/JPY gaps 100 pips higher
The early interbank market is up and running and cable has traded to fresh trend lows near 1.5100…
February 24, 2013
GBP to be the main focus on Monday morning
Cable fell by about 90 pips in thin late-NY trade after Moody's downgraded the UK by 1 notch. This…
February 22, 2013
Quick overview of Asian trade
AUD rallied sharply after RBA Stevens speech which suggested to many that rate-cutting cycle is…
February 22, 2013
EUR/GBP: Next technical support levels at .8605 and .8570
The 50% retracement of .8445/.8765 comes in around .8605 and there are some hourly lows around the…
February 22, 2013
AUD: Professional analysts speculating that RBA rate-cutting is now over
Interesting how many analysts hang on every single word the RBA Governor says. The chatter now…
February 22, 2013
AUD/JPY: Seeing some quite heavy short-covering
It looks like the short-term market was quite short of this pair, which does surprise me somewhat,…
February 22, 2013
Not seeing too any obvious trades at the moment but Steven’s comments on Yen are interesting
The comments from the RBA Governor regarding the Australian economy were a bit mixed but the fact…
February 22, 2013
AUD dips again as Stevens changes tone
Its been quite an inconsistent speech from the RBA Governor, who sounded as if he was returning to…
February 22, 2013
Stevens: Only central banker who’s happy with currency level
Glenn Stevens has been surprisingly hawkish, saying that the FX level is appropriate and that there…
February 22, 2013
AUD rallies sharply on Stevens comments
Very sharp 50 pip pop in the AUD/USD as Glenn Stevens returns to his old ways of talking up the…
February 22, 2013
Asian market open
You can click through here and read my full opening commentary on FX Street.