Post-RBA price action suggests to me that AUD/USD goes higher quite soon by Sean Lee

There was a pop in the AUD/USD just prior to the RBA rate decision and this occurred because all the big local players and prime brokers pulled their bids and offers out of the mar …
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Large fixing flows expected today

Most of the big banks are expecting very significant end-of-month fixing flows later today and all the reports that I’ve read so far suggest that these flows will be heavily USD …
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Could USD/CAD be the next to topple from the USD house of cards! by Sean Lee

Cable has been leading the way, first rejecting levels below 1.50 and the daily close back above 1.55 will have changed the psychological profile for this pair; AUD/USD has broken …
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Range trading, apart from the GBP by Sean Lee

EUR/USD is in sideways consolidation below 1.1500. The market remains bearish. Only a break above 1.1550 will change the outlook. USD/JPY also in consolidation mode between 116/120 …
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Big Prime Brokers issue liquidity warnings for Monday morning

Liquidity gaps will become an increasing issue for the FX market and we are seeing/hearing increasing instances of big Prime Brokers warning their clients that such events could oc …
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AUD/USD: .7850 still key short-term level topside by Sean Lee

There is talk in the market of a short-term exotic option structure which is corralling prices between .7750 and .7850. This is easier to do during the Chinese New Year holiday whe …
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AUD/USD: Short-term exotic structure .7750/.7850 by Sean Lee

I’m not sure of the exact levels but the weight of bids towards .7750 and the weight of offers towards .7850 suggest that this is indeed a quick 100 pip play by one of the bigger …
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USD bears not panicking yet post FOMC

The FOMC statement was more dovish than expected and while the bearish USD trend looks to be stalling against the GBP and the NZD, other major pairs like USD/JPY and EUR/USD remain …
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USD/JPY: Still firmly in consolidation range by Sean Lee

USD/JPY has been stuck in a 116/121 range since early December and it looks likely to stay in this range for some time to come. There are conflicting positional forces at play, wit …
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AUD/USD: Basing formation negated by Sean Lee

Contrarians had been hoping that an inverted H&S might develop on the short-term charts but the break below .7720 has now negated this possibility. With USD/JPY having seemingl …
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