Perhaps they are too busy to intervene

What an unusual phenomena !

Sean warned me my ‘watch’ would be quiet…..even the Wall Street Journal has resorted to the frivolous

according to a BIS report; amazing what growth and an influx of retail business can do !

Read more in this Wall Street Journal article

As you know, we are running a promotional campaign for our very generous sponsors at FXDD. Jamie has hand-knitted these magnificent ForexLive T-shirts and all new FXDD accounts get one. Click through here and Jamie will tell you how it works.

As you all probably know, since our inception 18 months ago we have been fully sponsored by FXDD. This sponsorship presently enables us to bring you our services free of charge.

Should you be dissatisfied with your current provider, be in the market for a second account, or be ready to open your first account, then please contact our good friends at FXDD and check out what they have to offer.

Looks like we the risk selling tone will be the gambit as the Nikkei will open much lower; should be a day for BOJ officials to be talkative as the market is likely to test their mettle

After several sessions we are still eyeing the low supports levels of recent ranges as Sean mentioned earlier and while I cannot see them breaking in Asia ( famous last words) they are likely to come under scrutiny in early Europe barring surprises.

Safer to be sidelined and watch the possible breaks, or for those longs at least the stop levels are evident

Perhaps the action of the last two days has been enough for Asia. We may get the usual lunchtime comments from Tokyo but we are likely to see liitle until Europe I feel…..

Only 5 minutes remaining of the ‘Glorious 12th’….UK time……

If you didn’t bag the odd grouse ( pronounced ‘grice’ by the gentry dontcha know), then tomorrow is the second day of the season….

Failing that you might have bagged a couple of bucks in the Eur/Jpy which is gently raising it’s head again with the Usd/Jpy which has popped back over 86.00

Well Sean has gone to soothe his aigue and rub himself down with guinness or whatever ails the lurgy that seems rife downunder at the moment.

I will attempt to get a better grip than I did yesterday on the market, and if I don’t well I will be back again tomorrow !

US-based banks will often times pass their order books on to banks in Australia or New Zealand just before 5pm NY time. Remember that liquidity drops sharply after 5pm for at least 2 hours until Tokyo gets started and so stop-loss orders are much more vulnerable. The Australasian traders have a quick look at the orders, see if there’s any stops close by, and then get about triggering them.

That’s been their place in life since I’ve been in the FX market. Every European or US trader will have a story about the order fills they’ve received during the Twilight Zone; from the bad to the downright dodgy.

USD/JPY looks heavy with a suspicion that early Europe may test the downside in the absense of anything other than ‘chit-chat’ on levels from Noda et al.

Of note Sterling has strengthened against the Euro with the cross down to 82.85 as I am reporting; EUR/USD back below 1.31 again

AUD softer with the AUD/JPY cross down at 77.25

• 1
• 2
• 3
• 4
• 5
• ...
• 72
• >