October 19, 2012
Today is 25th anniversary of Black Monday
The first big stock market crash that I was in the market for happened on October 19th, 1987. If…
October 18, 2012
EUR/JPY: Perfect double-top, just to throw some doubt in bulls minds
Technical AnalysisJPY crossesEUR crosses
This market just loves to throw some doubt in, just when the direction seemed clear. EUR/JPY…
October 18, 2012
EUR/CHF: Maybe I’m mad but I’m going long
When a pair refuses to move then it's best left alone and I've also got a half-rule which I'm about…
October 18, 2012
EUR/AUD: Bit of buying going through the market
Flows and OrdersAUD,NZDEUR/USD
Decent enough flow just reported in EUR/AUD with a Swiss name buying the pair from around…
October 18, 2012
EUR/USD: Order interest 1.3070/80
Light stops reported below 1.3080 but solid bids also seen (1.3065/70). Check the members section…
October 18, 2012
AUD/USD still looking well bid
I think Europe will have another serious go at the topside in AUD/USD when they get started in the…
October 18, 2012
AUD choppy after China GDP comes in as expected
The first move was down to test hourly support at 1.0360 after the Chinese GDP number came in…
October 18, 2012
EUR/USD: Drifting lower, stops likely below 1.3080
Back to the usual Asian fare today with very quiet ranges. Some demand in the USD/AXY has had a…
October 18, 2012
EUR: Macro funds still short after “ordinary” year
Flows and OrdersAUD,NZDEUR/USDEUR crosses
The chatter in the professional market is that most of the big macro hedge funds have had a pretty…
October 18, 2012
AUD/USD: Parameters now at 1.0310/1.0440
The main dynamic in the market at the moment is position adjustment, but we should not forget that…
October 18, 2012
EUR/USD: Play edges of 1.3080/1.3170 range
The break-up level yesterday around this time was 1.3080 and that level continues to provide…
October 17, 2012
Cable: Trying to break higher after BOE minutes and jobs data
Sterling has been lagging well behind the EUR on this latest leg higher and it's been trying hard…
October 17, 2012
AUD/USD technicals: Fibo resistance at 1.0350
Trade IdeasAUD,NZDTechnical Analysis
There is quite strong technical resistance at 1.0350, which is the 61.8% retracement of the…
October 17, 2012
AUD/USD: Large stops above 1.0340 and 1.0350
Just repeating what I said earlier, the big macro funds are short and bearish, and have been…
October 17, 2012
Spanish 5-yr yields down 21bps in early trade
This will give some impetus to EUR bulls. 10-year Italian yields are 11bps lower.
October 17, 2012
EUR/USD orders: Solid selling interest 1.3150/75
Just reading the opening comments from one of the big European banks and they are quite confident…
October 17, 2012
What will Europe do?
My feeling is that stoploss driven moves in Asia usually get reversed in early Europe so let's see…
October 17, 2012
AUD/USD still grinding higher
Offers near 1.0320 have now been filled and the market can now get back into stop chasing mode. I'm…