October 31, 2012
Few comments re market positioning
AUD,NZDFlows and OrdersUSD/JPY
The professional market and the retail market act in different ways. If you read that the retail…
October 31, 2012
EU FinMins holding conference call later today
There is the possibility of a post-meeting statement around noon London time, so keep an eye out…
October 31, 2012
GBP: European session overview
I'm bullish EUR/GBP at the moment and I think this pair should hold above .8040 roughly, before…
October 31, 2012
Troika/Greek negotiations finally seem to be coming to a close
That's is according to some early news reports out of Europe. If and when the end is announced,…
October 31, 2012
Asian stocks edge higher; US nuclear plants get all clear
Thankfully I missed most of this lackluster session by going to lunch. Stocks are up a bit in Asia…
October 31, 2012
Professional market positioning overview: EUR shorts on increase again
EUR/USDUSD/JPYFlows and OrdersAUD,NZDGBP crosses
I collate this data from 3 of the biggest prime brokers and one leading investment bank. In…
October 31, 2012
EUR/JPY: Consolidation 102.60/103.40 before higher to test 104.80
The BOJ easing had little or no impact and with the market already sitting short Yen, we saw some…
October 31, 2012
EUR/USD: Technicals and Sovereigns point higher
The danger with extended periods of range trading is that we go looking for reasons to break out…
October 31, 2012
EUR/AUD trade update
This interbank trader seems to be getting a bit aggressive in his old age. :) You can follow all…
October 31, 2012
Asian market open, Wednesday October 31st: EUR starting to look bullish.
You can click through here and read my opening comments on FX Street.
October 30, 2012
EUR/USD: 50-day MA clearly above 200-day MA for first time in over a year
It was around this time last year that the 50-day MA last crossed the 200-day MA (bearish cross),…
October 30, 2012
EUR/GBP trade developing nicely
Technical AnalysisGBP crossesTrade IdeasEUR crosses
The potential base at the 38.2% Fibo near .8005 coupled with a possible basing pattern on the…
October 30, 2012
The only reason to buy JPY is to cut existing positions
The BOJ action of today is certainly not a strong signal to suddenly buy the Yen. On the contrary,…
October 30, 2012
EUR/USD: Sovereign names still buying dips below 1.2900
The amounts are not particularly large but for the last three days there have been reports of Asian…
October 30, 2012
Could be some good entry levels for bulls post BOJ
USD/JPY has fallen back towards support at 79.50 after the BOJ only slightly outdid it's expected…
October 30, 2012
Levels to watch post-BOJ
Flows and OrdersJPY crossesTechnical AnalysisUSD/JPY
USD/JPY: Sell orders reportedly heavy 80.40/50 and again near 80.85/90; stops reported below 79.50…
October 30, 2012
BOJ running late
We normally would have the BOJ decision by now, but remember this is a one-day meeting, not the…
October 30, 2012
Reports of alert at nuclear plant in US
Risk trades have turned lower on reports of an alert at a nuclear power plant in New Jersey.