Cable: Longs preferred for move back towards 1.6475 by Sean Lee

I tend to favour the range-trading consolidation theory for cable in the short-term, as it comes to grip with the post-referendum world. The GBP still looks good on the crosses wit …
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AUD/NZD: Range trading 1.0920/1.1060 likely for next few sessions by Sean Lee

Like most FX pairs, and perhaps even more than most, AUD/NZD spends the vast majority of the time range trading. We really should not be trying to pick the trending direction, rath …
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AUD/USD: Large option expiries at .8900 today

From the FXWW chatroom: About 900mln worth of 89 cent AUD/USD option maturities today…….overwhelming amout of puts ……….a lot of people will be short at 89 cents………o …
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USD/JPY: Favour playing 107.50/110.00 range

The entire world is bullish USD/JPY it seems and many are positioned accordingly. Sentiment will remain bullish whilst the respective central bank policies diverge but with positio …
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Model/hedge funds exiting AUD longs as market vols spike : by Sean Lee

The main driver behind the AUD selling this week would seem to be related to the sharp increase in market volatility. Model funds and hedge funds had built large AUD long positions …
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Market getting carried away with bullish USD calls by Sean Lee

Now every so-called analyst is trying to out-do his/her peers with bullish USD calls. In the last 24 hours I’ve read that EUR/USD is headed for 1.22, Cable is going to 1.50, USD/ …
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USD/CAD: Consolidation phase soon to end

With all of the movement elsewhere, I find it hard to imagine that USD/CAD will continue to trade sideways for any significant length of time. I’m still firmly of the opinion tha …
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USD, AUD and CAD to remain well bid amid uncertainty elsewhere

The more aggressive ECB policy and uncertainty surrounding the Scottish referendum will continue to drive investors and speculators out of the EUR and GBP. The cap on the CHF will …
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AUD: Don’t expect any surprises from the RBA today

The big week of central bank meetings kicks off today with the RBA. This is probably the most predictable of all meetings with no change in policy warranted and statement language …
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Busy week of central bank meetings ahead

The ECB will be the main event, with expectation of QE high after Draghi’s Jackson Hole speech, but the BOJ and BOC will also be keenly awaited. Sentiment remains very bearish on …
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