October 10, 2012
South African miners weighing up possible pay deal
This could have some impact on the GBP because the GBP was sold earlier this week as a proxy trade…
October 10, 2012
AUD/USD making fresh intraday highs
EUR crossesFlows and OrdersAUD,NZDEUR/USD
Liquidity is quite poor still in the interbank market, better than yesterday but still quite poor.…
October 10, 2012
Hedge Fund positioning: Very long CAD, NZD and NOK: Short AUD, SEK and USD
The latest insight into hedge fund positioning makes interesting reading with CAD the big winner in…
October 10, 2012
AUD 20% overvalued according to Goldman Sachs strategist
Just reading a headline attributed to Goldman Sachs strategist Thomas Stolper that the AUD is 20%…
October 10, 2012
EUR/USD: Bit of an ‘oversold’ feel in early Europe
Just feels like the market might have gotten itself a bit short at the wrong levels and I'm going…
October 10, 2012
AUD performance of last 24 hours can also be attributed to strong bond sale
Australia sold AUD$3.25B of 15 year bonds earlier today, and some of the AUD buying of the last…
October 10, 2012
Another ultra-quiet Asian session drifts to a close
Let's hope that we see more volatility through European trade. The obvious EUR/AUD short-term…
October 10, 2012
EUR/GBP Technicals: Market pulled up shy of important technical resistance
Technical AnalysisGBP crossesEUR crosses
Anytime a market falls just short of a technical target and then retraces sharply, we need to…
October 10, 2012
EUR/AUD technicals: Favour deeper retracement towards 1.2350
Technical AnalysisAUD,NZDEUR/USD
There have been a lot of big players streaming into this pair over the last few weeks, hoping…
October 10, 2012
EUR/USD: Short-term bearish bias but still in overall range-trading mode
Technical AnalysisEUR crossesEUR/USD
I'm still in overall range-trading mode on EUR/USD but the events of last night have given some…
October 10, 2012
AUD/USD outlook: Likely to stay range-bound ahead of tomorrow’s jobs data
The market broke below important support at 1.0165 last Friday during thin afternoon trade in NY.…
October 9, 2012
EUR/USD: Macro fund sold heavily above 1.2980 causing domino-effect selling
Flows and OrdersEUR crossesEUR/USD
One of the bigger macro funds hit all of the major electronic platforms at once, causing the steep…
October 9, 2012
EUR starting to look tired on the crosses
Technical AnalysisGBP crossesAUD,NZD
EUR/GBP has done a sharp about-turn, just as it got in sight of its major target at .8110 and…
October 9, 2012
Interbank research favours EUR/USD range trading
The big banks are busy sending their morning research pieces out to their big trading clients and…
October 9, 2012
Cable: initial resistance at 1.6060
That was yesterday's breakdown point and heavy stops were triggered after that break. This level…
October 9, 2012
Asian currency update: CNY, KRW, SGD, and MYR
CNY: Fixed at 6.3441; Shanghai Bourse +2%; Speculation increases of an RRR cut this month: KRW:…
October 9, 2012
Asian market overview, October 9th
China's sharemarket rises by 1.5% giving risk-trades a boost: Japan returns after long weekend,…