February 22, 2013
Equity markets are key to today’s FX movements
There were nasty falls on some equity markets yesterday and there is something about Friday's which…
February 22, 2013
Technicals updated
GBP crossesTechnical AnalysisJPY crossesTrade IdeasEUR crosses
EUR/GBP has retraced to 38.2% level. EUR/JPY still inside the pennant formation. EUR/USD looking…
February 21, 2013
Profit target hit in EUR/JPY
Many thanks to Jordan for pointing out the possible EUR/JPY double-top this morning and whilst I…
February 21, 2013
Another old adage: GBP market always ignores what happens in Asia
Cable is back close to regaining 1.5200 and another old market saying is that the London market…
February 21, 2013
Levels to watch during European trade
AUD,NZDGBP crossesEUR/USDJPY crosses
AUD/USD: 1.0200 is where barriers are reported and Sovereign-type bids are also expected. EUR/USD:…
February 21, 2013
Cable: Still no bids in sight, its never too late to sell sterling
The cable has had another vertical fall, 75 pips this time, and as the old saying goes, "its never…
February 21, 2013
EUR/USD: Consolidating below 1.3260 heading into the European open
Looks like the bears might be in charge for the moment with the USD taking a big boost from the…
February 21, 2013
EUR/JPY weakness starting to intensify
Nice pick-up on the EUR/JPY double top (thanks to Jordan) and it's worked a treat so far. It really…
February 21, 2013
EUR/USD stagnating around 1.3275
Its been very quiet in the Asian FX market with nothing of note happening at all. EUR/USD is stuck…
February 21, 2013
EUR/JPY: Dealers eyeing possible double-top on short-term charts
Technical AnalysisTrade IdeasJPY crosses
As you probably well know, I like my topping formations to be perfect and also to be at interim…
February 21, 2013
Asian market open
You can click through here and read my full opening commentary on FX Street.
February 21, 2013
EUR/JPY intraday moves dependent on what happens at 1.3260 in EUR/USD
I favour a test of the lower end of the EUR/JPY pennant formation which comes in around 122.00. In…
February 21, 2013
GBP playing catch-up in the race to the bottom
AUD,NZDJPY crossesEUR/USDEUR crosses
The FOMC surprisingly took a breather from the currency race to the bottom and the GBP has now…
February 20, 2013
Cable: lack of buyers is the main problem
Sounds pretty obvious I know, but the market wants to sell and no-one wants to buy and therefore…
February 20, 2013
AUD/USD: No confirmation that stops are sitting above 1.0375
I presume that there are stops above technical resistance and recent highs at 1.0375 but I have no…
February 20, 2013
Hedge funds seen selling USD/JPY in recent trade
Early players in Switzerland have been seen selling the USD/JPY in the past 60 minutes.
February 20, 2013
EUR/JPY technicals: Again pulls back from upper end of pennant formation
The cross got to a high earlier around 125.90 and I have the upper end of the consolidative pennant…
February 20, 2013
NZD the main mover for 2nd successive day
This time it was the RBNZ chief Wheeler who got the Kiwi tumbling. He said that he will intervene…