+9.0% prev Data out overnight and the lowest reading since 2008 as growth in other key sectors leads to more talk that China faces risk of major slowdown unless they start to ease monetary policy, most likely by cutting interest … Continue reading
AUD/USD climbed 60 pips from the Asian low to the best levels since August 19. Last at 0.9321 but with some sellers at 0.9335 according to our orderboard. The big story in the FX market in the past 6 weeks … Continue reading
Good morning all and welcome to central bank day with the BOE and ECB on stage a little later. Here are the options going off today. USD/JPY 101.80, 102.00, 102.35, 102.50, 102.80, 103.00, 103.40 EUR/USD 1.3345, 1.3350, 1.3375, 1.3400, 1.3500 … Continue reading
Very light on the option front today for the majors but a few bits and bobs on some of the crosses. USD/JPY (nothing over 300m) 101.80, 102.20, 102.25, 102.60, 103, 103.50 EUR/USD (nothing over 250m) 1.3370, 1.3400, 1.3425, 1.3440, 1.3450, … Continue reading
AUD/JPY is the best-performer today as yesterday’s worries unwind. The 60-pip rally in the pair is virtually a mirror image of yesterday’s decline. The turnaround began at the 61.8% retracement of the May-July rally but after the 100-dma was breached. … Continue reading
Blimey, this week has gone quickly. We’re already at Anand’s last day and today he assesses his trades from the week and end with a dubious song choice. He should count himself lucky we don’t engage in censorship Click here … Continue reading
Day two for Anand in our Guest Trader feature and he’s all excited about silver, bless his little cotton socks. I hope he gets his trades on in better time than he sends me his posts each day Day one … Continue reading
AUD/JPY is again the only pair threatening to move during early Tokyo trade. It’s about 15 pips higher since the NY close.
AUD/JPY has peaked in April every year for 4 consecutive years followed by a short and very sharp drop of an average of 17.6%, analysts at TD note. They recommend buying short-dated puts. At the start of the month, I … Continue reading
AUD/JPY is nearly 30 pips lower this morning despite the generally improved risk sentiment. It stalled at 93.85, which is the 38.2% retracement of the fall from 95.20 to 93.00, and that is perhaps what has encouraged the selling?