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MOST RECENT ARTICLES
USDX Monthly: The November candle is printing a bullish candle and is still sitting above the ‘resistance-now- turned support’ of the monthly chart’s bear triangle tend line. It has not managed to move above the resistance of the 2010 highs though. Monthly Ichimoku: The November candle is still well above the monthly Cloud. Weekly: Last […]
I know most retail traders like to think of themselves as being traders, market makers, economists and technical analysts all rolled into one. This is not the case in the institutional world where each roll is very carefully defined: Spot dealer or market maker: You wear white socks with cheap shoes and an expensive suit. […]
FX RecommendationsShort EURAUD at 1.4260, targeting 1.3805. stop loss 1.4490.Short EURUSD at 1.2520, targeting 1.1800. stop loss 1.2800.Long EURCHF at 1.2305, targeting 1.2500, stop loss 1.1970.—- BNP BofAML’s MiJ, Joe Kraft thinks that the looming possibility of snap elections and a delay in the consumption tax in Japan are HUGE and that it indicates that […]
USD/CAD: 1.1345 (345M), 1.1350 (246M), 1.1365 (1BLN)AUD/USD: 0.8700 (2.1BLN) , 0.8775 (1BLN), 0.8650 (519M), 0.8585 (750M)NZD/USD: 0.7790 (616M) . USD/CHF: 0.9800 (830M)USD/JPY: 116.00 (210M),113.70 (500M). EUR/JPY: 142.30 (400M)EUR/USD: 1.2400 (1.3BLN), 1.2450 (1.1BLN), 1.2500-10 (3.3BLN) 1.2525 (1BLN)
New official rules will come into place on January 1st which will basically spell the end of all prop trading at the major banks, which in most cases had already stopped anyway. Banks will also be faced with the dilemma of defining where market-making stops and where holding prop risk begins. Bank trading rooms will […]
I noted yesterday how the Cable was approaching a key S/R level being the 61.8% fib of the latest bull move (2013-2014). Price has now broken below that support and any weekly close below this level might suggest much lower targets. GBP/USD weekly: the weekly candle has yet to close BUT any weekly close below the 61.8% […]
There is no doubt that the GBP/JPY has been on a bullish tear of late but there are a couple of signs starting to appear that suggest this pair may be due a bit of a pull back. G/J monthly: the monthly chart shows that price had stalled at the 50% fib of the major bear […]
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