January 3, 2013
All quiet in Asian markets
Should stay pretty quiet from now until the European open, and in fact we may have a few quiet…
January 3, 2013
China official non-manufacturing PMI improves slightly to 56.1
Recent economic data out of Asia has been reasonably promising which would explain the seeming bias…
January 3, 2013
Cable: Prefer to buy dips after bullish break yesterday
EUR/USDGBP crossesTrade IdeasEUR crosses
We do need to be careful as we often get false breaks in thin holiday markets but for now I'm…
January 3, 2013
USD/JPY: Still no sign of a top forming
Technical AnalysisTrade IdeasUSD/JPY
Very little pullback from yesterday's highs in USD/JPY and option players are still noted buyers as…
January 3, 2013
EUR session outlook
Flows and OrdersEUR crossesTrade IdeasEUR/USD
EUR/USD rose sharply yesterday in Asia on at times 'silly' EUR/JPY price action and then fell back…
January 3, 2013
AUD/USD session outlook: Play edges of 1.0460/1.0540
Flows and OrdersTrade IdeasAUD,NZD
The main factor to watch for here in coming weeks is the influx of US cash into the Australian…
January 3, 2013
Liquidity to stay poor for next two days
We can expect more choppy illiquid trade for the next two days although the market is returning to…
January 3, 2013
Levels to watch for today during Asian FX trade
EUR/USDUSD/JPYFlows and OrdersAUD,NZDEUR crosses
USD/JPY: 61.8% retracement of 95.00/75.60 comes in near 87.60 which was the approximate high…
January 2, 2013
EUR/USD: Capped for now below 1.3300 but more gains favoured
Flows and OrdersTrade IdeasEUR/USD
Real money and Sovereign players aren't really busy at the moment but from what I'm hearing, both…
January 2, 2013
USD steadies but set to remain under pressure
We've seen some decent sized moves today in USD/AXY with USD/KRW down at 16-month lows and the big…
January 2, 2013
USD/JPY technicals: Next resistance at 87.55
The 61.8% retracement of the fall from 94.95 to 75.60 comes in at 87.55 and this level should be…
January 2, 2013
AUD/USD: Book intraday profits and re-load on dips
Unfortunately I didn't take my own advice and buy the dips this morning towards 1.0380, but at…
January 2, 2013
Cable: Should now find support below 1.6300
Europe will probably walk in and say 'what the hell was the Asian market thinking?'. Then again…
January 2, 2013
GBP/JPY goes crazy as cable stops triggered
The entire planet has known forever that political grandstanding would continue up until the last…
January 2, 2013
NZD/JPY leading the way, up almost 1.5% today
I don't have any access today to interbank NZD dealers but I think its safe to say that liquidity…
January 2, 2013
US House of Reps to vote on fiscal-cliff bill in 15 minutes
The Senate already passed the bill and it looks like the House will do the same when it votes…
January 2, 2013
Cable closing in on important resistance level above 1.6300
Cable has topped out near 1.6300/10 on three separate occasions in recent months and we are closing…
January 2, 2013
Asian economic indicators on the improve
Singapore Q4 GDP +1.8% QoQ, better than the -1.0% expected: HSBC South Korean PMI 50.1 in…