Sell off to continue in Cable

GBPUSD Daily The bears have taken out the 1:1 (Purple) overbalancing the current up trend and opening up this market for further losses, the next major support isn’t until the 38 …
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Q. What’s the difference between volume and liquidity by Jamie Coleman

A. To the average trader, volume is not a very big deal. It is important from a technical perspective when it is quantifiable (sadly, it is not, in forex…). What matters most to …
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Some info from the FXWW Chatroom

Spot desk: AUD & NZD putting some pain on here as US fixed income grinds higher and model stops go off. There is some heavy selling interest at 0.8500 in kiwi, and I would expe …
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ECB Monthly Bulletin Highlights

ECB sees 2014 GDP at 1.0 % vs 1.1 % in May, 2015 at 1.5 % (unchanged), 2016 at 1.7 % (unchanged) ECB: Long-term HICP expectations up 0.02 % to 1.86 % ECB sees 2014 HICP at 0.7 % vs …
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CFTC Update on EUR/USD from the FXWW Chatroom

Last week’s data from the CFTC on IMM positioning showed that leveraged names had turned big sellers in EURUSD, with the net short increasing to EUR13.1bn in the week to August 5 …
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Option Expiries – August 14th

EUR/USD: 1.3350-60 (440M), 1.3400 (967M) AUD/USD: 0.9275 (687M), 0.9320 (330M), 0.9333 (229M) NZD/USD: 0.8550 (271M) USD/CAD: 1.0880 (410M),1.0920-25 (532M), 1.0990 (400M) USD/JPY: …
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FX Flows + Orders Update

From the Westpac Spot Desk via our FXWW chatroom: Weaker French GDP and revisions lower to 2015 growth from 1% to 0.5%, German GDP coming in weaker sets the tone for flat EZ growth …
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GBP/USD – 1.6690 next key support

S1: 1.6690 – 28, 29-May lows S2: 1.6661 – 15 Apr low S3: 1.6600 – old tops S4: 1.6556 – Apr low The downtrend in Cable is continuing, with this week set to be the sixth con …
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Robin Williams – Legend

You made us laugh, You made us cry, but most of all you captured moments in time like no other could. Legends live in our memories forever, you are one. RIP
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Carney: Wage growth critical for 2015 rate rise

Bank of England Governor Carney: Wage growth critical for 2015 rate rise Carney: Sterling strength limiting export growth Carney: Markets expect bank rate of 2.25 % by mid-2017 Car …
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