This is the formation which the EUR/USD bears are eyeing and a daily close below the 200-dma would be the sealer.
Recent Articles by Sean Lee
Most reports I’m reading from the big Prime Brokers show that professional speculators remain quite long of GBP but judging by the price action overnight, the market still has a healthy appetite to grow these long positions. Cable gapped higher … Continue reading
Large US investment bank was the big seller down through 1.3650 and they ran into another big US bank which was buying on behalf of a series of big customers ahead of the 200-dma. The amounts were quite significant according … Continue reading
USD/JPY: 101.60/65 was the overnight spike high and there are stops building above this level. But be warned, the big Sovereign players who were buying below 101 yesterday will sell into liquidity and they will be well informed re where … Continue reading
The main event during today’s Asian session will be the HSBC manufacturing PMI for China. Given all the recent reports out of China, a number even lower than last month’s 48.1 would not surprise (any number below 50 signifies industry … Continue reading
Minutes from the latest RBA policy meeting contained no surprises; RBA assistant-Governor Debelle unsurprisingly tried to talk the A$ down with comments like “lower capital inflows may result in a lower A$”; S&P clarified their overnight comments regarding a possible … Continue reading