November 9, 2012
USD/JPY: Barrier protection at 79.00
Lots of talk of big bids and barrier protection ahead of 79.00 but I'm still short and happy to…
November 9, 2012
Risk sentiment soggy in early Europe
EUR/JPY has fallen 50 pips already in early European trade and liquidity is still quite poor…
November 9, 2012
Cable: Cheap day-trade idea
As expected, Europe walks in and promptly unwinds whatever moves happen in Asia. Nevertheless…
November 9, 2012
Orders pretty light across the board
EUR/USDGBP crossesFlows and OrdersUSD/JPY
Dealers say that only USD/JPY is showing any sign of decent order activity, with solid buy orders…
November 9, 2012
Chinese data puts another nail in Australian rate-cut coffin
If the RBA isn't worried about the level of the AUD, and they obviously aren't based on their last…
November 9, 2012
Why do dealers target stops?
I've been asked again, ‘why do dealers target stops?’. Lets look at an example of an interbank…
November 9, 2012
Quick overview of Asian market
Market triggered AUD/USD trailing stops below 1.0390 but failed to trigger larger stops below…
November 9, 2012
China’s industrial production comes in above expectations
Looks like the AUD/USD is triggering more short-covering above 1.0430 and EUR/USD stops above…
November 9, 2012
Old wives tale #77; always ignore GBP moves in Asia
Cable has rallied 40 pips already in Asia and if it rallies another 30, up to hourly resistance…
November 9, 2012
Pre-weekend positional square-up underway
AUD,NZDJPY crossesEUR/USDEUR crosses
Dealers say that liquidity is terrible and relatively small flows are moving the market. It seems…
November 9, 2012
EUR/USD medium-term overview: Risk-reward favours buying deep dips
I know it's a bit of a cop-out, but in reality its almost impossible to be bullish on either…
November 9, 2012
China CPI +1.7% YoY, -0.1% MoM
Bank of Korea left interest rates unchanged as expected: Not much going on in the majors, apart…
November 9, 2012
USD/JPY: Should be toppy now near 80.00
I'm looking to increase my short position on rallies and I think the market will struggle to get…
November 9, 2012
AUD/USD: Still short but its time to cover partially I think
The AUD looks fairly heavy this morning but then again it looked really well bid at 1.0470 as well…
November 9, 2012
Asian market open
You can click through to FX Street and read my opening comments. Just popping out for coffee with a…
November 9, 2012
Yen crosses likely to get squeezed lower as we near year-end illiquid markets
AUD,NZDFlows and OrdersJPY crosses
My argument here remains the same, hedge funds have been building large positions in the Yen…
November 9, 2012
USD/JPY: Stops triggered but bids reported near 79.25
The short-term market is being squeezed but the macro longs still probably feel safe whilst…
November 8, 2012
All quiet in FX market ahead of central bank meetings
I'm sure things will pick up a bit later on today after the ECB and BOE (neither expected to change…