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TC Update.

Thurs 21st Aug USD Index: this has stalled now ahead of the Jackson Hole Symposium: TC Signals: The three TC signals have yielded up to 215 pips now. E/U: has moved on to give up to 100 pips: E/J: has now closed above the daily 200 EMA. This TC signal has delivered up to 50 pips: […]

FXWW Chatroom updates today

CIBC:Euro took out the 1.3250 barrier – traders witnessed good demand from 1.3255 to 50 but selling was overwhelming. The next layer of bids are at 1.3225, however keep an eye on 1.3200. I am told there is a digital option there which is larger than the one at 1.3330. Sell orders are placed above […]

EUR/USD – Good support ahead of 1.32

Almost everyone is bearish on the Euro and there are plenty of reasons to be…however, there is solid support ahead of the 1.32 level, so bears might pause a bit ahead of the Yellen speech tomorrow afternoon. 1.3228 = 61.8 % Fibo of the July 2013-May 2014 rally Dealers in Asia reported solid bids 1.3220-30 […]

FX: Option expiries for today’s NY cut 10:00 ET

Option expiries for today’s NY cut (10:00 NY, 15:00 London) according to data from DTCC: AUD/USD: 0.9250 (402M), 0.9290 (130M), 0.9350-60 (297M) USD/CAD: 1.0945 (420M) USD/JPY: 103.00 (884M), 103.35 (580M),103.65-75 (260M) EUR/USD: 1.3200 (874M),1.3220 (370M), 1.3260 (606M), 1.3300 (1.5BLN) EUR/GBP: 0.7970 (280M), 0.7985 (250M), 0.8000 (686M) Notable are 103.00 in USD/JPY, 1.32 and 1.3260 in […]

AUD/NZD: Look to play 1.1025/1.1100 in short-term

The channel top in AUD/NZD at 1.1100 held nicely this morning and the bulls out there will be a little worried. I have the feeling that AUD/USD might have a serious test of .9200 later tonight and that should have some impact on the cross. That said, the recent trend has been bullish in AUD/NZD […]

Session Data for Thur Aug 21st (GMT-5:00 ET)

FXWW industry updates for August

FX market volumes continue to be hit by major structural changes across the market. The big interbank players have basically ceased to take on any proprietary risk, leading to a big drop in volumes, and in many cases they have changed their market-making activities also. Most of the banks are acting now like pure broking […]

Aug 21 Positions Update

Open Orders EURJPY – Price has come really close to my stop loss, although I still remain protected by a layer of offers up t 137.70. I will hold the position to see what happens. If stop hit, it would represent a tiny loss, so that is within early plan. EURCHF – The level of […]

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