September 19, 2012
NZD: Rise in milk prices should support
Fonterra announced earlier that milk powder prices have risen by 4.1% for November. Dairy exports…
September 18, 2012
EUR/USD fails to hold below 1.3080
There was a possible double-top on the short-term charts but this continued action back above the…
September 18, 2012
All feedback welcome
If you see any blatant issues with the site, would you please let me know over the coming days and…
September 18, 2012
Flow updates
Real money and macro funds are main buyers of EUR/USD and interbank players seen selling.
September 18, 2012
EUR/USD: Now needs to stay below 1.3080
Flows and OrdersTechnical AnalysisEUR/USD
Big fight at 1.3080 (one investment bank reported EUR 1 billion on the bid) but the bears have…
September 18, 2012
EUR/USD support holds amid heavy turnover
There was a heavy push to get EUR/USD down below 1.3080 but the bids must've been very large indeed…
September 18, 2012
EUR/USD orders: Bids reported at 1.3070
Despite the fact that a break below 1.3080 should imply a double-top formation, investment banks…
September 18, 2012
USD/JPY: No confirmation re stealth intervention
There was some very heavy chatter overnight that Japanese banks were involved in stealth…
September 18, 2012
RBA close to cutting rates, but more likely in November: WestPac
Analysis of the latest RBA minutes by WestPac says that the RBA is very close to cutting rates,…
September 18, 2012
Cable: Looks set to test 1.6300
As you know I'm generally long and bullish on cable so I'm not very objective on this pair. There…
September 18, 2012
EUR/AUD: Looks headed to 1.3000
EUR/USDTechnical AnalysisAUD,NZD
A quick look at the daily chart shows a very solid recent uptrend which seems destined to test…
September 18, 2012
AUD/USD: Steady after RBA minutes
My first thoughts are that the minutes are not quite as bearish as many had anticipated. Statements…
September 18, 2012
USD/JPY: Fresh longs in play
I've just taken a small long USD/JPY position at 78.55 and will see how it develops over the next…
September 18, 2012
EUR/USD: Break below 1.3080 targets 1.2915
Possible double-top on the short-term EUR/USD charts which would be confirmed by a break and hold…
September 18, 2012
EUR/JPY: Buying dips preferred strategy
As you can see from the attached chart, 100.50 was the magical level and the market started to pick…
September 18, 2012
Bearish Monday’s becoming firmly entrenched
Just reading an interesting piece of research from Deutsche Bank which shows that the AUD/USD has…