Cable is steady at 1.6715 after tripping the earlier stops and the other majors are slightly above their NY closing levels. If you haven’t caught up yet on events, or lack of, at the APEC meeting then scroll down this … Continue reading
Cable has popped quickly from 1.6685 to 1.6720 after light stops were triggered above 1.6710 in ultra-thin early morning interbank markets. EUR and AUD have also been pulled about 10 pips higher.
The interbank market is up and running and the major pairings are unchanged from the NY close; EUR/USD 1.4925, USD/JPY 89.70, cable 1.6685 and AUD/USD .9335. There might be a small possibility that the professional market was short USD/JPY going … Continue reading
I like the way this trade is starting to develop and I think we may be only in the early stages, especially in AUD/GBP. The market is uniformly bullish AUD and bearish USD and is positioned accordingly. No matter what … Continue reading
Both cable and the EUR/USD have fallen back close to their opening levels as the gains on the back of Australian economic data (logically) proved unsustainable. It will now be over to the European market to see if they can … Continue reading
It’s the second part of the headline that the market is looking at and the AUD/USD has roared ahead through offers at .9350. The other majors are being bought up as well with the global economic recovery now obviously in … Continue reading
Cable fell over 120 pips after the Fitch rating agency said that the UK economy was most at risk of losing its AAA rating. It didn’t say it would lose it, just most at risk. More to come.
Yesterday it was cable and EUR/USD which tried hard to break through big levels, eventually did, and then galloped off into the sunset. Today or this morning at least, the market will focus on the AUD/USD and its latest attempt … Continue reading
Well it played out pretty much as we had expected. Seller at 1.4915 with lots of stops just above and the high so far has been 1.4942. The cable and the AUD/USD haven’t really followed the EUR/USD higher so this … Continue reading
Cable is back at 1.6630 where all the stops were earlier and AUD/USD is back towards .9200 as a bit of liquidity finally hits the market. Regional stockmarkets are expected to be close to flat or slightly in positive territory … Continue reading