UJ looks sluggish, perhaps a break towards 121.99 and then back up. We shall see

USD/JPY Discussion

rbock Good points all, but saying it's "only the carry trade" is like the captain of the Titanic saying "Its only the iceberg". So long as carry is king the NZD will skyrocket, we need BoJ hikes, and risk aversion to sweep the globe. Otherwise, ...

Why is NZD so strong??

Looking to re enter a short above 122

USD/JPY Discussion

Why did you go long?

USD/JPY Discussion

We've crushed 21, and 55 SMA, now 100 sma at 120.14 and 200 SMA at 119.44 are up next

USD/JPY Discussion

@your avatar BTW I look for 119, I'm going to wait for the inevitable retrace, and load the short truck.

USD/JPY Discussion

I read on BBC that many Economists and leading Corporate types are calling for the next BoE move to be a cut.

Cable Update (GBPUSD)

Traders panicked at the talk of RBNZ intervention

Why is NZD so strong??

All this carry trade idioticy could've been prevented by the morons at the BoJ. Last Summer they had a credible data run that should've seen them hike at least twice. Instead they stood pat and now we have what we have.

New Zealand's Dollar `Overvalued' and Will Weaken, Says Goff

Unless other CBs join in and start selling their holdings of NZD it won't matter.

New Zealand's Dollar `Overvalued' and Will Weaken, Says Goff

Exactly!!

New Zealand's Dollar `Overvalued' and Will Weaken, Says Goff

We should keep an eye on EU, its been a beast post NFP. Apparently establishing a new range higher. I believe that's preventing our 2.0033 level from being reached.

Cable Update (GBPUSD)

Yep, I'm about to cash out one short at a -10 pip and one short at + 50. All in all a mixed day.

Cable Update (GBPUSD)

Yep, that spike at 2.0056 ahead of key 2.0033 was just that. Now I'm waiting for a retest of that support

Cable Update (GBPUSD)

Yeah 4hr chart shows my move.

Cable Update (GBPUSD)

Totally agree, 2.0033/50 are buy zones

Cable Update (GBPUSD)

Just the reason for a correction towards 2.000

Cable Update (GBPUSD)

Its coming gents, its coming.

Cable Update (GBPUSD)

2.0033 is going to be tough, but I still see at least one attempt. Lots of dip buyers as Cesar pointed out.

Cable Update (GBPUSD)

Not so fast my friend

Cable Update (GBPUSD)