December 4, 2012
Market now pricing in 60% chance of rate cut in February
That's two months ahead of the event so you can't tell me that the statement was anything other…
December 4, 2012
RBA: “Headline CPI will rise above 3% briefly”
Looks like this sentence in the statement is what has caused the AUD to rally. Doesn't make sense…
December 4, 2012
AUD rallies despite rate cut and ‘neutral’ statement
The teflon currency strikes again. Looks like the intraday market was short but to rally by 40 pips…
December 4, 2012
EUR/JPY: Look for trading opportunities post RBA
Whatever the RBA does AUD/JPY will move which in turn means that EUR/JPY will move. I'm looking for…
December 4, 2012
AUD/JPY: Bears looking for break below 85.20
According to positional reports in the professional market, it would seem that there has been…
December 4, 2012
AUD session outlook
Obviously the rate decision is the big risk event today and I'd expect the market to stay…
December 4, 2012
EUR/USD session outlook
Greek 10-year bonds had a massive 124bp fall last night and hedge fund squawk boxes are filled with…
December 4, 2012
Asian market open
You can click through here and read my full opening commentary on FX Street.
December 4, 2012
The day ahead in the FX market, Tuesday December 4th
RBA rate decision later this afternoon, with the market pricing in a 90% chance of a 25bps rate…
December 3, 2012
RBA tomorrow: Futures market pricing in 90% liklihood of a 25bps cut
We should be in for a busy day tomorrow here in Asia, in fact the whole week should be busy. No…
December 3, 2012
Still like the buy-dips play in EUR crosses
It's very early days on the long-term EUR/AUD chart but the possibility of a basing formation…
December 3, 2012
GFT shutting down US trading operation
One of the biggest retail brokers in the US, GFT, is reportedly shutting down its operations over…
December 3, 2012
EUR easing a bit into European open
EUR/USD closed on Friday in NY around 1.2995, dropped in early interbank trade to 1.2975, but since…
December 3, 2012
Quick overview of Asian trade
China official services PMI 55.6, up from 55.5 last month: HSBC manufacturing PMI 50.5: Australian…
December 3, 2012
Risk-on traders preferring to buy EUR ahead of AUD
Today's PMI data out of China was reasonably promising but the poor domestic data in Australia has…
December 3, 2012
EUR/USD: Next resistance is trendline near 1.3065
EUR/USDTechnical AnalysisEUR crosses
The trendline from 1.3485 comes in near 1.3065 and that is the next technical resistance…
December 3, 2012
EUR/AUD: Looks like stops triggered above 1.2500
EUR/USDTechnical AnalysisAUD,NZD
The AUD is staying weak after the poor domestic economic data and EUR/AUD has gapped sharply higher…
December 3, 2012
AUD/JPY tests first layer of bids after weak data
We are presently trading near 85.70 after weak domestic job-ads and retail sales data. AUD/USD is…