March 8th, 2010 20:41:57 GMT.

Too much of a good thing?


AUD/USD and AUD/JPY have been major disappointments to reflation traders today and both head into the close on an offered note. It could just be a case of too far too fast and prices need a period of consolidation. The … Continue reading


March 8th, 2010 14:18:37 GMT.

Narrowing rate spreads supporting EUR


EUR/USD continues to benefit from the heat escaping the Greek debt situation. As speculation against the ancient country dies down, spreads between German bunds and the bonds of the lesser euro zone credits like Spain and Portugal continue to contract. … Continue reading


March 7th, 2010 23:45:50 GMT.

Quick look at the order book


USD/JPY: solid offers 90.60/70 with trader stops above 90.75 EUR/USD: plentiful bids starting at 1.3590 down through 1.3565 AUD/USD: corporate bids moving up, now starting at .9050, not many offers until .9145/50


March 5th, 2010 03:47:11 GMT.

Quick look at the order books


Best to keep a mental note of these levels for later tonight: USD/JPY; heavy offers starting at 89.50, then every 10/15 pips until 90.25 AUD/USD; stops below .8955 and again below .8935 Cable: talk of Sovereign bids around 1.4950 area … Continue reading


March 4th, 2010 22:18:52 GMT.

AUD/USD: market smells a bit long


I’m one of the one’s adding to the long stench and I suspect that there will be many other discouraged longs who will throw in the towel on a break below .8935. China yesterday started to make noises about the … Continue reading


March 4th, 2010 15:55:54 GMT.



AUD pulling back below 0.9000, EUR/USD below 1.3600, GBP/USD back into the mid-1.5050s…none of this was supposed to happen after yesterday’s topside breakouts in all three pairs. AUD was the canary in the coal mine, slipping back below 0.9070 even … Continue reading


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