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?
AUD/JPY is the big mover today, down more than 100 pips. The decline busted the May low and marks the lowest since March 26. I’ve been writing about selling this pair for a few weeks and the drop finally came … Continue reading
The main story in markets today is worries about US consumers and housing after several companies posted soft results. Dick’s Sporting Goods and Staples are down more than 10% after disappointing earnings. Retailer TJX is down 6.5% after cutting full-year … Continue reading
Keeping an eye on the FX options market is one of the things we do at ForexLive and we’re always trying to do a better job. Traders have better access to trading data all the time and some trades today … Continue reading
The biggest mover was AUD/JPY at a measly 93 pips. Let’s hope the week ahead is better.