November 7, 2012
Asian market open, Wednesday November 7th
You can click through here and read my opening comments on FX Street.
November 7, 2012
Professional market positioning turns short EUR again
Flows and OrdersAUD,NZDEUR/USDUSD/JPY
The biggest position amongst professional players at the moment is short EUR, according to data…
November 7, 2012
Gold could be a big mover in next few days (retail market is quite long)
The market, especially the retail market, is quite long at the moment with some brokers reporting…
November 7, 2012
FX market still in stop-loss mode: Positioning light ahead of election results
Flows and OrdersAUD,NZDEUR/USDUSD/JPY
My main feeling at the moment is that the market is still in stop-loss hunting mode. Yesterday we…
November 6, 2012
Last word on Melbourne Cup day goes to the bookies
Some bookmakers, obviously looking for publicity, have started to pay out on a President Obama win…
November 6, 2012
EUR/JPY: Bit of caution advised as rumours swirl
The gossip is that a major EUR/JPY transaction is going through the market at present, it started…
November 6, 2012
EUR/USD: Sovereign bids holding for now
These bids at 1.2765 have been on the books since yesterday and so far they are scaring the bears…
November 6, 2012
Spanish PM on the newswires: Many opinions on possible bail-out
The EUR has dipped slightly on the Dow Jones headlines: sustained high yields would lead to…
November 6, 2012
Only HKMA active today amongst Asian central banks
Not sure yet how much they bought at 7.7500 but they seem to have plenty of capacity to soak up all…
November 6, 2012
USD/JPY: More stops below 79.90
Flows and OrdersUSD/JPYEUR/USD
I thought we might be done but seemingly not, with more stops reported below 79.90. (Edit) EUR/USD:…
November 6, 2012
EUR/USD: Analysis for European open
This is the latest analysis from Chifbaw.com and you can visit their website for full details.…
November 6, 2012
Asian market overview
RBA keeps rates on hold, market now pricing in 65% chance of cut in December: Reserve managers…
November 6, 2012
USD/JPY: Looks like most of weak stops now done
Those trailing stops below 80.00 have been done so now we've gotta figure out where the next batch…
November 6, 2012
EUR/USD tends to move sharply on London open
Very recent history, ie the last few trading sessions, suggests that EUR/USD is likely to go for a…
November 6, 2012
EUR/AUD: Should be worth a risky intraday long near 1.2222
Trade IdeasEUR/USDTechnical AnalysisAUD,NZD
There is a minor daily low at 1.2230 and a 50% retracement at 1.2220, so if you like all the…
November 6, 2012
AUD/JPY selling interest ensures USD/JPY stops get done
Flows and OrdersUSD/JPYAUD,NZD
Decent-sized selling interest in AUD/JPY near 83.60, coupled with a bullish AUD/USD, has ensured…
November 6, 2012
AUD/USD technicals: Scope now to test top of weekly wedge
The bulls seem to be back in control here at the moment and there is scope for a move towards…
November 6, 2012
There will be a Green Moon before that horse ever wins a Melbourne Cup!
Yep, I said that this morning. I also said the RBA would cut rates. A reverse indicator is also…