Tag Archives: currency

AUD/USD Sea Change

Posted on May 9, 2013 by

The AUD/USD pair bounced off an important support level in the last 36 hours, at 1.0150. Today, stronger than expected jobs numbers in Australia added support, but the big picture is deteriorating. A fall through the key support not only … Continue reading →

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Buy EUR/USD on Incompetence

Posted on March 19, 2013 by

Just when it seemed safe to re-enter the Mediterranean waters, European finance ministers have found another way to de-stabilise the global financial markets. However, the immediate response to plans to dip into depositers savings to cover a funding gap appeared … Continue reading →

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AUD/USD – Boundary Protection

Posted on March 14, 2013 by

Yesterday’s post – Buy AUD/USD on Trend Break – showed my stop entry order. After the release of jobs data today, AUD/USD rocketed higher, through the stop entry order at 1.0337. I should be long AUD/USD. However, my account shows … Continue reading →

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Buy AUD/USD on Trend Break

Posted on March 13, 2013 by

Who will win the currency wars? Central banks in the US, UK, Europe, Japan and China all want to see their currencies weaken, regardless of whether this is their stated aim. The AUD is a bobbing cork in the global … Continue reading →

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Buy AUD/USD on Reversal

Posted on February 13, 2013 by

The AUD/USD appears to be breaking upwards, breaching both resistance and a the medium term trend line. Fundamentals are less clear – many commentators are attributing recent weakness to anticipation of further interest rate cuts – a condition that was present … Continue reading →

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USD/SGD – Triangle Alert

Posted on January 24, 2013 by

Advance readings on GDP for Singapore suggest the period of prolonged weakness is coming to an end. Combined with the US Fed’s ongoing action to weaken the USD, there is a case for short positions in USD/SGD (short USD long … Continue reading →

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Sell AUD/USD – at Last

Posted on January 11, 2013 by

Traders bring personal bias to the market. We can’t help it, we are human after all (even if it isn’t always apparent!) Acknowledging our own bias is a key to overcoming it as an obstacle to successful trading. Lucky enough … Continue reading →

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Sell EUR/USD on Jobs

Posted on January 4, 2013 by

Fundamental strength in the USD, a clear trend break, and a “trigger” in the form of US non-farm payrolls (NFP) numbers tonight ticks a lot of trading boxes.

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CAD/JPY “History Rhymes”

Posted on December 18, 2012 by

Yen weakness on the re-election of the LDP in Japan appears to anticipate the new government pressuring the Bank of Japan to further increase liquidity. While this may eventually be the case, and while favouring Yen weakness overall, in the … Continue reading →

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Die AUD Die

Posted on December 10, 2012 by

An interest rate cut didn’t do it. Weak economic data didn’t do it. What will it take for the AUD to fall? Traders at investment banks are largely expecting a fall in AUD, based mainly on the drop in Australia’s terms of trade … Continue reading →

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Posted in Forex, Market, Trading | Tagged , , , , , | 3 Comments