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USD struggling at major resistance by Mary McNamara

The first US session after FOMC was always going to be the test for the USD and, from my perspective, it hasn’t fared too well. The US session is yet to close but the gains printed during the Asian session have been lost during the US session thus far as the index now trades back below the major resistance […]


EUR/USD – Good selling interest towards 1.2650 by Milan Cutkovic

USD bulls got a bit disappointed by the components of the GDP release earlier, which led to some position covering EUR/USD rallied above 1.2620, but ran into supply from Asian sovereign names here Dealers report decent selling interest on their books between 1.2640 and 1.2650 and expect that level to hold EUR sentiment remains negative, […]


NZD/USD – Flows Update

The Kiwi has flown from a low of 0.7766 to the current level of 0.7841. This is a very impressive recovery. Volume has been turned up to 11 – our turnover is more than twice the recent average. Overall, our flow has no bias, but is still interesting. Strong net leveraged demand has been met […]


How to Stalk a Low Risk/ High Reward Trade by Sam Eder

“Although the cheetah is the fastest animal in the world and can catch any animal on the plains, it will wait until it is absolutely sure it can catch its prey. It may hide in the bush for a week, waiting for just the right moment. It will wait for a baby antelope, and not […]


Todays updates from the FXWW Chatroom

SocGen’s Kit Juckes:So – where are we? On track for a June hike as long as market volatility doesn’t de-rail growth. If that’s the case, 2yr rates are still too low, the curve not flat enough, and the dollar rally set to resume. A tougher but arguably bigger question is how EM and DM credit […]


FX Majors & Crosses: Todays trade ideas via the FXWW Chatroom

Danske:MajorsEUR/USD: LOOK TO SELLUSD/JPY: LONG AT 107.30 FOR REVISED 109.91; RAISE STOP TO 107.91GBP/USD: SELL AT 1.6085 FOR 1.5875; STOP AT 1.6145USD/CHF: LOOK TO BUYAUD/USD: BUY LOWERUSD/CAD: BUY AT 1.1160 FOR 1.1385 OBJ, STOP 1.1070CrossesEUR/JPY: LONG 136.80 STPD137.39, LOOK TO SELLEUR/GBP: SHORT AT .7920 FOR .7851 OBJECTIVE; STOP AT .7950EUR/CHF: SHORT AT 1.2080 FOR 1.2021; […]


London Open – Dollar is King again by Milan Cutkovic

Broad USD strength after slightly more hawkish FOMC minutes USD/JPY back above 109.00 – leveraged funds and CTAs main buyers overnight EUR/USD broke sub-1.26, but will need a clear break below for downside momentum to accelerate again Asian equtity markets mixed; Nikkei and Shanghai are up 0.70 %, but Hang Seng lost 0.80 % Commodities […]


USD: its job has just begun! by Mary McNamara

The USD certainly rallied on the back of FOMC news but whilst some were calling this moving ‘soaring’ I beg to differ. It is still trading below major resistance and until such time that there is a break and hold above this level then, as far as I’m concerned, not a lot has changed!  USDX […]



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