The words ‘deader than disco’ spring to mind. 15/20 pip ranges in the majors and it felt even tighter than that. The New Zealand consumer confidence index came in at 127.6 in May, down from 133.5 last month; Anti-European party … Continue reading
The polls aren’t always correct and the anti-EU party in The Netherlands, led by Geert Wilders, suffered a surprising and heavy defeat. More from The UK Telegraph.
The local interbank market has been reporting solid bids in AUD/NZD at 1.0750 over the last few sessions and (I’m just guessing here) perhaps the buyers have lost patience with the weekend approaching? The cross is up to 1.0785 and … Continue reading
And following on from my last post, many traders are finding a lucrative avenue in selling trade signals to other traders mainly via automated services on platforms like MT4. Firstly, if you are considering buying such signals, make sure you … Continue reading
Nothing going on in the market so let me share some of my experiences from the last two years. As many of you know, I’ve been running my own professional services business with a primary focus on generating funding for … Continue reading
The latest ANZ-Roy Morgan poll of consumer confidence comes in at 127.6, down from 133.5 last month (Reuters). The NZD is unchanged after the data.
The moves are relatively small thus far but the USD is up across the board and some of the majors are nearing very interesting levels. EUR/USD @ 1.3635, AUD/USD @ .9200/10 and Cable @ 1.6840 are all levels which should … Continue reading
Reuters are reporting some decent-sized expiries later today at 1.3675. Depending on the size, we often see the spot price gradually move towards these levels as the expiry time nears.
AUD/JPY is again the only pair threatening to move during early Tokyo trade. It’s about 15 pips higher since the NY close.
I’m not going to stick my analysis and point-of-view down your throat but have a look at the medium-term USD/CAD chart (ripe for a deeper correction towards 1.02ish?) and also have a look at the crosses like GBP/CAD, AUD/CAD and … Continue reading