September 28, 2012
Cable now testing recent highs
1.6265 proved to be the high a few days ago and we are now testing that level again. Technical…
September 28, 2012
AUD/USD: Some technical analysts getting all ‘bulled up’
No, I did not forget a few letters from the middle of 'bulled'! Yesterday it was cable where the…
September 28, 2012
Lack of bad news re Spanish bank tests is causing short-covering
I don't think we are witnessing any major move here, simply that some players were short EUR and…
September 28, 2012
Stop-loss buying in EUR/USD
Flows and OrdersEUR crossesEUR/USD
Leveraged players are cutting short positions ahead of the weekend, according to one of the bigger…
September 28, 2012
USD/JPY: Looks set to target weak stops below 77.50
Many felt that there was a minor possibility of some BOJ intervention today (last day of financial…
September 28, 2012
Spanish bank stress tests: 6 ok, 8 need more capital
First reports on the Spanish bank stress tests suggest that 6 banks have sufficient capital whereas…
September 28, 2012
Japanese data has no effect on JPY
As usual the market has completely ignored the raft of Japanese economic data. The CPI number will…
September 28, 2012
AUD/USD: Drifting as local interbank players prefer shorts intraday
No-one is expecting any major moves in the AUD today but local dealers seem to prefer the short…
September 28, 2012
EUR: Spanish bank stress tests due shortly
The results should hit the newswires in the next few minutes and could cause some volatility.
September 28, 2012
GBP/JPY technicals: Getting ready for a big move higher
Technical AnalysisGBP crossesJPY crosses
Have a look at the daily chart and see what you think of my analysis, remembering that I'm an…
September 28, 2012
GBP/USD: Play short-term range 1.6185/1.6265 with bullish bias
GBP crossesTrade IdeasFlows and OrdersTechnical Analysis
The GBP has been very interesting this week due to the very heavy turnover particularly during…
September 28, 2012
Asian market open, Friday September 28th
You can read my opening comments on FX Street.
September 27, 2012
Good luck tonight
I'm switching off for the day otherwise my family will disown me completely. Good luck tonight, I…
September 27, 2012
GBP staying strong amid plentiful institutional demand
Interbank squawk boxes are all issuing the same story, plenty of end-of-month demand for GBP.…
September 27, 2012
EUR/GBP: Nearing recent lows
Technical AnalysisGBP crossesFlows and Orders
Recent support points at .7935 are coming back into view and there is a 61.8% retracement level…
September 27, 2012
EBS volumes down by 50% compared with last year
Interesting dynamic in the professional market as the big 5 or 6 banks get so big that they must…
September 27, 2012
Seems to be large difference of opinion, retail vs professional markets
I certainly don't talk to everyone in the professional market but I do see pretty much everything…
September 27, 2012
GBP: Asset rebalancing demand expected at London fix
Technical AnalysisGBP crossesFlows and Orders
Just like the AUD during the Asian session, the GBP is likely to be the main beneficiary of…