January 2, 2013
EUR/JPY chopping around on fiscal cliff headlines
Not many traders playing today and markets usually stay quiet until the start of the second week in…
January 2, 2013
Useful AUD facts (or not so useful!): AUD/USD headed for 1.07 in January!
Many thanks to the mine of information, David Scutt at Arab Bank, for some useful A$ facts to open…
January 2, 2013
AUD/USD session outlook: Risk-reward favours buying dips
With Japan and China closed today, it should be relatively quiet in Asia, with only potential…
January 2, 2013
Welcome to 2013: Yen weak but other majors in familiar ranges
The fiscal cliff has been scaled, sort of, but unfortunately the only solution to every problem is…
December 31, 2012
AUD/USD: Mild short-covering takes it back above 1.0400
The failure to post fresh short-term lows below 1.0350 is forcing the bears' hand and we are…
December 31, 2012
JPY crosses slightly higher as fiscal cliff decision delayed
There is still reportedly some significant distance between the two main US political parties and…
December 31, 2012
EUR/USD: 1.3150/1.3300 range still in control
The market tried the lower end of this range on Friday when heavy EUR/JPY profit taking emerged…
December 31, 2012
USD/JPY: Whippy as retail market opens
Looks to me as if some stops were triggered below 85.70 in very thin trade. Market dipped from…
December 31, 2012
“Wait and see” is the best strategy today
Running large positions on a day like today is probably not a great idea although if large hedge…
December 31, 2012
FX market flows and order levels
EUR/JPY: Stops expected both sides of market, below 113.20 and above 114.80: Technical support…
December 31, 2012
Monday morning open, January 31st
Last day of the year and the market is relatively quiet awaiting more developments in the US fiscal…
December 28, 2012
EUR/JPY: Next major technical resistance at 116.70
EUR crossesTechnical AnalysisJPY crosses
116.70 is the 50% retracement of the big fall from 139.20 to 94.00 and should be respected, as the…
December 28, 2012
EUR/JPY: Optionality expected at 115.00
No sign yet of any slowdown in the EUR/JPY bull move and I suspect that Japanese investment funds…
December 28, 2012
Japan manufacturing PMI falls to 45.0
Any PMI number below 50.00 signifies contraction in the manufacturing sector. EUR/JPY has now…
December 28, 2012
EUR/JPY: Still plenty of demand, buying dips favoured
The overnight highs at 114.30 should attract some profit takers during Asian trade but with EUR…
December 28, 2012
Plenty of volatility in thin overnight markets
EUR/USDJPY crossesTechnical AnalysisAUD,NZDGBP crosses
The FX market will not return to full strength until January 7th although we should see some…
December 27, 2012
EUR/AUD m/t technicals: Pivotal resistance looming at 1.2925/50
Technical AnalysisAUD,NZDTrade IdeasEUR/USDEUR crosses
Once again its best to look at the longer-term charts to get a feel for what might happen in…
December 27, 2012
EUR: Looks like market needs them
EUR/USDFlows and OrdersEUR crosses
Big difference between needing and wanting, and at the moment it looks like the market is in…