March 25th, 2010 23:24:25 GMT

Taking a punt on GBP/AUD

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No, not me this time, but a professional trader friend of mine who spent many years working for Barclays. He’s been trading GBP/AUD  a lot in recent months and he’s taking a punt that support around 1.6250 will hold. His … Continue reading

March 22nd, 2010 04:17:18 GMT

Stops to blame for fall in cable

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Good sized stops starting below 1.4970 were to blame for the fall in cable according to interbank dealers. The other majors never really moved. Sovereign bids soaked up some of the stops. More stops eyed below 1.4940 but there is … Continue reading

March 22nd, 2010 01:25:45 GMT

Quick look at the order books

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EUR/USD: talk of option protection ahead of 1.3500; mixture of stops below but more bids 1.3470 down through 1.3430 with Sovereign names prominent. Trailing stops now above 1.3550. Cable: bids 1.4970 through 1.4950, again with Sovereign names prominent, but not … Continue reading

March 21st, 2010 22:09:06 GMT

Cable technicals: sitting on trendline support

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The trendline from 1.4780 through 1.4875 sits around 1.5000, where we are currently trading. The fundamental outlook for the pound remains quite poor so if attempting longs, keep stops fairly tight.

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