October 25, 2012
Asian market open
You can click through here to read my opening comments on FX Street.
October 25, 2012
Webinar day today!
If you'd like to hear my thoughts on the pros of 'position building' and the cons of 'trade…
October 24, 2012
Why traders trigger stops!
The easiest way to describe this is with an example. Let's take EUR/USD yesterday as an example.…
October 24, 2012
EUR/JPY falls below support at 103.10
Look for those trailing stops in USD/JPY below 79.50 to start proving magnetic!
October 24, 2012
EUR falls again after IFO: Next support at 1.2890
Quite a nasty fall across the board for the EUR, after poor PMI and IFO. Next risk event is Draghi…
October 24, 2012
EUR/GBP nearing support levels at .8105/10 after weak German PMI
Technical AnalysisGBP crossesEUR crosses
There is decent support in the EUR/GBP at .8105 which is bound to attract some buying…
October 24, 2012
Citibank FX strategist sees AUD hitting new highs in 2013
Steven Englander, head of G10 strategy at Citi, says reserve manager buying will the be main driver…
October 24, 2012
Intervention continuing in Asian currencies; should be EUR/USD positive over time
The MAS bought around $2billion on one day recently at 1.2200 and have been regularly intervening…
October 24, 2012
Some bank analysts changing their RBA forecast
The majority of bank analysts still seem to be coming down in favour of a 25bps rate cut next month…
October 24, 2012
Reports of 2-year extension for Greece
Risk trades and the EUR getting a boost from these reports but a German FinMin official won't…
October 24, 2012
USD/JPY: Hedge funds building longs but sellers heavy at 80.00
One of the biggest prime brokers reported overnight that Yen shorts are at extreme levels.…
October 24, 2012
AUD looks to improved Chinese data
Improved Chinese data and sentiment is helping the AUD to hold at session highs near 1.0320. I'm…
October 24, 2012
AUD tries to rally but sellers solid above 1.0300
Not many people playing after the numbers with AUD/USD running out of steam above 1.0300. Dealers…
October 24, 2012
Quick look at EUR/USD and USD/JPY
USD/JPY is still holding up well despite huge offers at 80.00 and trailing stops building below…
October 24, 2012
AUD/USD: What to expect from the day ahead
I don't want to get caught up in guessing what the CPI number might be, of course its important and…
October 24, 2012
Asian market open, Wednesday October 24th
You can click through here and read my opening comments on FX Street.