No your platform is probably not stuck in gear, the market just is not moving at all. The AUD and NZD are still trying to grind higher but even that is painful to watch and of course the poor old … Continue reading
My charts don’t go back far enough but I believe we’re at 25 year lows in this pair and showing absolutely no sign of stopping. GBP/AUD has fallen from 1.82 to 1.6565 in the last month, a fall of 10% … Continue reading
The thing is that in Asia, GBP100 million can be enough to move the market whereas in the London market it would hardly cause a ripple. Some renewed selling of GBP/JPY by Japanese accounts has driven the pair 50 pips … Continue reading
The latest election polls from the UK in The Times suggest that the Conservatives will have difficulty in winning a clear overall majority. The GBP market has become quite sensitive to suggestions of a hung parliament.
For the last few days, Asian central banks across the region have been intervening in currency markets, buying USD and trying to stem the rise of their local currencies. Amounts will vary from currency to currency but the overall amount … Continue reading
Some decent flows out of Tokyo are to blame and cable is back towards 1.5000 again. I hear that there may be Sovereign bids around 1.4950/60 level but I’ve got no confirmation at the moment.
The EUR, AUD and JPY are little changed compared with yesterday’s open and only the GBP has moved, losing ground in one sharp hour’s trading overnight. The EUR remains dependent on Greece-related announcements for volatility and the stand-off between Sovereign … Continue reading
This market overshot on the downside when it fell from 1.54 to 1.48 in a few short days. There are two ways of viewing such a sell-off, a final capitulation at the end of a move or an indication that … Continue reading
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
I tend to believe that we are in the midst of a big cross move which will involve a weakening in major currencies like the EUR and the GBP, but also the USD, and a strengthening of commodity currencies but … Continue reading