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NZD/USD approaching upper side of range

NZD/USD is currently testing the falling trendline resistance from the November/December highs and could test soon the pivotal 0.7860 level. I’m not keen on taking new positions ahead of the NFP tomorrow, but unless the US employment figures will be terrible, I see the overall range in NZD/USD remaining intact in the near future and […]

Global Markets – S&P rallies; Oil consolidating

Risk-on! The S&P 500 is up 1.70 % on the day and almost back to flat on the year, while the DJIA is slowly heading towards the 17.900 level. USD/JPY didn’t follow the move in equities this time. Solid offers ahead of 120.00 have capped the topside so far and some EUR & GBP short […]

AUD/USD Trade Idea + 80c Support Zone

Of course this AUD/USD 80c zone is a big support level. If my Twitter conversations are anything to go by, every man and his dog is watching it for a buy and looking to at least build into some sort of position. These institutional levels that you read online are often just obvious levels every […]

FX pairs parked at major levels ahead of NFP BUT this has some benefit!

The last 24 hrs have seen rather choppy FX action as although ADP payroll data helped to boost the USD FOMC Minutes undermined optimism here somewhat. The Minutes observed Fed optimism about the US economy but noted concern for the broader global economy. Most FX pairs are now parked at major S/R levels whilst the markets […]

EURUSD: Euro choppy following FOMC Minutes. Focus turning to NFP, tomorrow.

EUR/USD: 1.1849 The Euro fell to as low as 1.1800 in the hours ahead of the FOMC Minutes, before a mild bounce. The release of the minutes actually had minimal impact as they merely re-emphasized the message that the Fed had put out at the time of the meeting, although the Euro is squeezing a […]

Morgan Stanley: Selling GBP/USD with a 1.40 target

GBP has started the year on a weak footing – a trend we expect to continue throughout 2015. Political uncertainty, a softening growth outlook and declining inflation are likely to be the drivers of GBP underperformance. Investment inflows to the UK, an important supportive factor for GBP over the past two years, are already showing […]

AUD/JPY: trade idea

The USDX seems to be stalling a bit ahead of all the scheduled US sensitive data for this week and this may set up for better trading opportunities in some of the cross pairs. One pair coming back into focus for me now is the A/J. The A/J has essentially chopped sideways for the last couple of […]

USDJPY: Safe haven demand helps Yen as US$ heads lower on the back of lower equities/oil price

USD/JPY: 119.58 The dollar came under pressure, on the back of the lower oil/energy prices, and eventually took out the 100/200 HMA supports at around 120.00 and then broke below the daily Tenkan at 119.80 as the Yen found some safe haven demand, with the dollar falling quickly to a low of 119.37.Further short term […]

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