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European Open: patience required

Quite a dull session in Asia, as market participants keep calm before the Central Bank meetings this week. So nothing to note from the Asian session except a wider September Trade Deficit for Nzd. However the Bird was hardly shaken by the news and remains one of the stronger currencies out there. Stops seen building […]


AUD/JPY: telling us anything?

The AUD/JPY is often viewed as the risk-barometer pair for Forex and as a metric to gauge broader market sentiment. I thought I’d take a look at the charts here and see if they’re telling us anything whilst I wait for my son to come home after his final HSC exam. A/J monthly: the monthly […]


Marking time ahead of FOMC and BoJ

There hasn’t been too much stock or FX movement but that isn’t surprising as the markets wait for FOMC and BoJ interest rate decisions and this may remain the situation until both of these events are out of the way! The US$ is a bit lower following weaker than expected New Home Sales data but it’s really […]


FX: Option expiries for today’s Monday Oct 26 NY cut (10:00 NY, 15:00 London)

From the FXWW Chatroom – *EUR/USD: $1.0930(E338mn), $1.1000(E1.12bn), $1.1015-20(E250mn), *USD/JPY: Y120.00($1.15bn), Y120.50($372mn) *EUR/GBP  Gbp0.7207(E400mn), GBP0.7300(E200mn) *AUD/USD: $0.7275-80(A$490mn) *NZD/USD  $0.6530(NZ$918mn) *USD/CAD: C$1.3200($420mn), C$1.3350($700mn) *USD/CNY: Cny6.4000($1.46bn) ————————- Expiries of note this week *EUR/USD: Oct27 $1.1250(E1.09bn): Oct28 $1.1075-80(E1.1bn): Oct29 $1.1000(E1.29bn): Oct30 $1.0700(E1.41bn) *USD/JPY: Oct29 Y120.00($4.86bn), Y122.00($2.5bn) *EUR/JPY: Oct28 Y134.00(E440mn), Y135.50(E702mn) *EUR/GBP: Oct29 GBP0.7220(E631mn), Gbp0.7350(E516bn) *AUD/USD: Oct27 $0.7250(A$1.46bn): Oct30 $0.6900(A$3.55bn), $0.7200(A$982mn) 


FX Flows

From the FXWW Chatroom – During the early hours on Monday, EurUsd traded down to 1.0989 from 1.1018. Some said the move was linked to trigger of stops surrounding 1.0995. Buying from option occurred and brought EurUsd back to square one. Offers are lined up above 1.1030 and thickens into 1.1070’s.  Japanese were better sellers […]


European Open: EUR still in focus

Asian equities continued to hold onto recent gains overnight, although doubts on the health of the Chinese economy have also encouraged profit taking. China kicks off its fifth plenum today (Oct 26-29) and all eyes are on the GDP growth target. Consensus is looking for an avg growth target of 6.5% from 2016-2020 but downside […]


When it’s not just about the money…

A highly talented young trader can earn $50k or $200k a month from the comfort of their own surrounds, and remain in complete control of their own destiny. Of course these traders are very rare indeed, less than 100 worldwide in my estimation, but it does raise the question as to why these traders would […]


This week is the most important for trading forex in 2015

THE WEEKLY FX DRIVE THRU  THE VIEW FROM MY TRADE DESK: LOOKING BACKWARDS, FORWARDS & SIDEWAYS (FOR GOOD MEASURE) AT THE FX MARKET 1.1: LOOKING BACKWARDS: The title of my blog last week was: –oo “HAVE WE SEEN THE TOP IN THE EUR/USD?” And, the prior week was: – “IS NOW THE TIME TO SELL […]



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