Markets are doing what they sometimes do, get ahead of themselves and struggle with indecision as to which way to go. It looks like the Fed's statement from last week and China's PBOC position continue to cause ripples. Yen crosses off a little but ...

Asia Crumbling; China's Worst 2 Days In Almost 4 Years, Nikkei 450 Pts Off Session Highs

Needs to break the 38.2 fib at 1.3180. If it does then agree this looks likely.

Euro zone business slump eases but second quarter contraction likely: PMI

"Weaker falls in output"! Just love the way they try to put spin on another pathetic result for the French. If it stays below 50 this implies continued contraction from previous levels, so at what point is output so low things slow to a halt? This ...

Downturn in French private sector eases further in June

There goes the AUD again. Are there any longs left out there? Not much between here and the monthly 100ema at 0.9021 and then 0.9000

HSBC Flash China Manufacturing PMI hits 9-mth low

You read right. Minus in pips but up in dollars. Average wins 2.8:1 but win ratio < 50%, which I'm working on.

What is a Good Win Ratio?

Well said. My account is down lots of pips and yet equity well up - a low win/loss ratio but with good setups and trade management.

What is a Good Win Ratio?

Comments look more dovish than expected, hence the slightly negative response.

RBA Monetary Policy Meeting Minutes

The last month of reporting before the impact of the lower AUD kicks and imported car prices rise. Watch for falls in the next few months, both in absolute and seasonally adjusted terms.

Australia new vehicle sales flat in May

A good risk mgt idea, whether its fundamental or technically based. Split your total lot size between pairs. An oldie but a goodie.

Bringing the Powerful Basket Approach to Forex Trends

Quite resilient result actually. AUD should bounce back up to mid 0.95's on this.

Australia Labour Force

Completely agree. You just can't trust any govt to do the "right" thing. So for some ideas how to protect yourself, follow the link for those of you don't know this guy. url

The Fed's other trillion dollar problem

Excellent. Must be a lot of inventory sitting around waiting for someone to buy! Just another useless statistic.

Industrial production up by 0.4% in euro area

This index has whiskers on it and is notoriously unreliable. The market bounce has more to do with the oversold AUD than the index results. Nothing to see here, move along.

Australia consumer sentiment index bounces in June

With respect, good luck with that. As PaulAmbrose says there is just too much resistance above here to chew through first, and with the German Court hearings on and the EURJPY under pressure I can't see it happening yet, if at all. Expect to see ...

Rates And EUR/USD: Where From Here? - SocGen

I do like the suck meter though. Might get one of those!

10 Questions to ask ourselves when our trading sucks

Good question but its relative for each trader and not imho a generic one for everybody. "Under capitalised" implies sufficient capital to trade to meet certain objectives, but these are different for everyone and I know part time traders using $2k ...

10 Questions to ask ourselves when our trading sucks

More double talk to appease the Germans. Of course they will find a way to prop up the recalcitrants.

ECB will not buy bonds to save states from going under - Draghi

Interesting dynamic. The JCB is probably going to protect somewhere Y90-95 and the Chinese are protecting Y104, so I'm thinking the JPY will settle into this fairly wide range.

Kuroda: Japan’s economy is picking up

Do we detect a note of mild anxiety here? Things will be truly bestiechen if the OMT is ruled unlawful.

Legal challenge to ECB could have 'serious consequences'

Don't know if you're serious or not, but yes. If the EUR runs through 1.33 again it should slow at the resistance around 1.3320-40 (123.6 ret fib of the 1.3242/1.2796 move, the 61.8 fib of the larger move 1.3710/1.2746 and the 50ema on the monthly ...

EUR/USD: grinding above 1.3245 resistance