JP Morgan: Sell GBP/CAD

Well…JP Morgan doesn’t seem to agree with Citi’s reco and are recommending to short GBP/CAD. JPM: Sell GBPCAD at 1.8185, stop 1.8415, target 1.75 The latest break below daily …
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Citi Techs recommend long GBP/CAD position

CITI TECHS Going long GBPCAD We are adding a long GBPCAD position at 1.8042 with an initial target of 1.8360 and an extended target of 1.85. The stop is at 1.7925 and we are utiliz …
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Cable extends losses; 1.65 barrier in focus

GBP/USD is posting fresh lows amid on-going supply from an UK clearer Dealers report good selling interest from leveraged funds; volume is decent Support seen ahead of 1.65 option …
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BNP Paribas – Stay short AUD & USD/JPY to rise further

From the French bank’s stat team: AUD weakness justified…..stay short AUD AUD’s weakness this morning is no surprise given the stretched positioning amid the weakness of the …
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FX: Option expiries for today’s NY cut 10:00 ET

AUD/USD: 0.9250 (452M).   NZD/USD: 0.8400 (234M)USD/CAD: 1.0870 (140M), 1.0900 (165M)EUR/USD: 1.3100 (495M), 1.3125 (392M), 1.3200 (1.1BLN)USD/JPY: 104.00 (795M), 105.00 (430M)E …
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USDX: monthly 200 EMA vs NFP by Mary McNamara

The USD index rally has continued this week and, whereas I thought it would struggle for longer at the 61.8% fib, it has just cruised up through this major resistance and pivotal l …
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S&P500 & 1st trading day of the month: what to watch by Mary McNamara

Monday September 1st was a holiday for the US and thus today marks the first real trading day for the S&P500 for this new month. I’ve noted on numerous other occasions how t …
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Highlights from the RBA statement

RBA: Most prudent course is likely to be period of stability for rates RBA: Weakening China property markets a challenge in near term RBA: Australian Dollar remains above estimates …
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Session Data for Tuesday Sept 02 (GMT-5:00 ET)

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USD/JPY: levels to watch after latest Bull Flag move by Mary McNamara

I wrote an article last week following up on the U/J and warning traders to look out for any new ‘Bull Flag’ breakout. This article can be found through this link. The pair has …
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