January 23, 2013
AUD: Chances of a February rate cut seen at around 40%
The market is pricing in a modest increase in the chances of a February rate cut by the RBA after…
January 23, 2013
Cable: Hanging on grimly to the 1.58 handle
As I've said a few times recently, cable is extremely tricky to trade at the moment. There have…
January 23, 2013
EUR/JPY: Bids reported nearby
Hearing from the interbank market that there are some bids in EUR/JPY at 117.65 which are providing…
January 23, 2013
Yen crosses likely to have a quiet session
I can't say I have done any exhaustive research on the phenomenon, but it seems to me that markets…
January 23, 2013
AUD: Still stuck in range-trading mode
The market is not expecting a rate cut from the RBA next month, largely ignoring poor domestic…
January 23, 2013
Asian market open
You can click through here and read my full opening commentary on FX Street.
January 23, 2013
Short-term technical outlook updated
EUR/USDEUR crossesOthersTechnical AnalysisUSD/JPYJPY crosses
I've updated the outlooks for EUR/JPY, USD/JPY, EUR/CHF and EUR/USD in the members section. In…
January 22, 2013
EUR/CHF: Hoping to buy near 1.2270
EUR/JPY is undergoing its buy-the-rumour-sell-the-fact experience and it has dragged EUR/CHF lower…
January 22, 2013
EUR/USD: Trading near session highs as Europe opens
The ZEW survey may add to volatility a bit during European trade but I must confess that I have no…
January 22, 2013
AUD getting a boost from commodity market
China has raised its booking prices in the steel market for the 3rd consecutive month and this is…
January 22, 2013
USD/JPY: Longs getting very nervous; safer to sell intraday rallies
Despite the best efforts of the BOJ, the market is simply overly long of USD/JPY still. It has…
January 22, 2013
USD/JPY: Looks like trailing stops nuked below 89.30
Hearing next batch of stops below 88.90.
January 22, 2013
USD/JPY: Then again, maybe everyone gets stuffed
Which would be the normal course of events in the FX market! First USD/JPY shorts get squeezed…
January 22, 2013
BOJ: Probably enough there to satisfy the Yen bears
The 'open-ended easing' should be broad enough to encourage the market into some more Yen selling…
January 22, 2013
USD/JPY: 2% inflation target but no set timeline
USD/JPY zoomed up to 90.05 but is struggling to hang on to the gains as details remain thin on when…
January 22, 2013
Yen dealers bit trigger-happy but no announcement yet
Quick spike up in the Yen crosses on old headlines and rumours but as yet no announcement. Normally…
January 22, 2013
AUD/USD: Sad days when market is excited by a 20 pip move
The AUD/USD has been stuck in neutral for the last few weeks and it doesn't take much to get the…
January 22, 2013
Opportunities in non-Yen pairs post BOJ
One of my favorite pastimes is looking for trades in pairs which shouldn't be affected by…