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.
Simple story this week: The Japanese yen was the top performer as risk aversion kicked in and hope for BOJ stimulus flounders. The Australian dollar was the laggard on a soft CPI report. The pair fell 1% on the week or … Continue reading
AUD/JPY momentarily touched below the April low to 94.81 today. The soft Australian CPI report was the major market mover today and threatens to cap the pair and spark a retracement back to the Feb-March uptrend. At the same time, … Continue reading
AUDUSD down to 0.9360 in a rush from 0.9388 dragging AUD pairs with it Haven’t heard anything specific being the driver so I’d say it’s order/punt related Will try and find out more. Add: As Alex was just saying in … Continue reading
Take a look at the daily AUD/JPY chart. Until yesterday, it had gained 10 straight days. Today it rallied to a 10 month high but is now down on the day, flashing a potential reversal on the chart. I’m more … Continue reading