Yes just my opinion, which may still be right as its moved around 100 pips up from 1.30 however and may go higher. The price action is reflecting a slow and steady grind up, indicating a short squeeze but also ongoing USD weakness which I thought ...

Boehner: No Substantive Progress In Two Weeks Of Talks

Now reaching the 38.2% fib level at 1693, and should react here. If it closes below on the daily, I'll be going short.

The Debtor Prisoner’s Dilemma

Barring a disaster, RBA won't cut rates again before Q2 2013. These are historically low rates for Australia.

RBA Statement on Monetary Policy

No truth that they can "doctor" the feed, but as there is no central FX market as such they can "adjust" the prices by a few pips. For this reason I trade on MT4 alongside e-signal, which is an independent consolidated charting package, and the most ...

RBA Statement on Monetary Policy

My trading system has a signal to sell gold at 1712, target 1699. 1694 is the fib level so a break and daily close below this level means go short with a target around 1640, otherwise if not it should bounce and go long then around 1700, target ...

RBA Statement on Monetary Policy

I would disagree with that, as asking why is a natural part of learning, however the more relevant question is: "Why do I care or worry about it when I can't change it?" So just move on to the next good setup and trade.

RBA Statement on Monetary Policy

Ah the Euro! Fundamentally and fatally flawed with no logic behind the current price action, but nevertheless slowly grinding higher and continuing to take out weak shorts in the process. Having now broken my watched weekly downtrend line if it ...

Spain makes formal request for EU bank bailout funds - statement

If its the EURUSD then for my 2 cents worth, won't happen. This pair has way too much headwind above 1.30, including the weekly downtrend line from the May 11 high of 1.4960 now around 1.3022, and the 61.8 fib from this high at 1.3045. Only a weekly ...

Boehner: No Substantive Progress In Two Weeks Of Talks

Massive what, the USD, S&P, Dow?

Boehner: No Substantive Progress In Two Weeks Of Talks

Month end flows this week with the big multi nationals in the market, be careful, and better to trade JPY again next week.

Getting Some Long Liquidation In Yen Crosses

Orly, yes the Japanese multinationals will repatriate their profits and intercompany balances back from overseas at month end, buying the yen to do so. The flows are large so it impacts the currency.

Japan's Abe reiterates call for different scale of BoJ monetary Policy

Orly, 79.35 might be a stretch, but 81.00 looks very likely. Its month end so the yen flows back into Japan will support the currency, but then next week watch for the resumption of weakness.

Japan's Abe reiterates call for different scale of BoJ monetary Policy

Do nothing - its news and wait until after its settled for the real price action. However this is still a good level to go short.

False Alarm: No Deal Yet - This Is After All The Circus Known As Europe

Mild short squeeze up to be expected, but it hasn't moved much only 20 pips so far. If it doesn't go through 1.30 and hold on the hourly before London opens tonight this barrier will be tough as most of the Greek deal is already priced in. This is ...

Greek deal done: 124 pct Debt to GDP in 2020

Squeeze to be expected, but it hasn't moved much only 20 pips so far. If it doesn't go through 1.30 before London opens tonight this barrier will be tough as most of the Greek deal is already priced in. This is now a great level to go short, with a ...

Greek Haircut puts German Political Capital at Stake

LG, obviously there is no universal order book, but Brokers Oanda, GFT, Dukascopy, FXCM and Axi are all showing similar order profiles which is a reasonable cross section from which I'm just extrapolating. No more scientific than that but I've found ...

Greek Haircut puts German Political Capital at Stake

The order books still show EUR net short around 60%, so expect another round short squeezes to 1.30 and above before it falls. Just don't get too excited going long up here - another EUR fail is due today which could send it back below 1.29 before ...

Greek Haircut puts German Political Capital at Stake

Agree 2-11, although the RSI is not over 60 (yet) on the daily chart and the ADX is pathetic at 12 so no trend (yet!), hence any rise will be slow and messy. My long term weekly downtrend line from the 1.4960 peak on 3rd May 11 is still intact and ...

EUR/USD: A little resurgence towards 1.29

Bellow - to yell at, make lots of noise! Is the Euro doing that? lol. And heavy means weighs a lot relative to something else - is the Euro "heavy" relative to the USD - . Why not get the grammar right and just say "weak" or "prone to fall further". ...

EUR/USD: Heavy bellow 1.2745

I agree Ibro. A good employment reading and steady / lower unemployment rate may result in a risk on move for EUR, GBP, AUD & NZD and a weaker JPY (not sure about CAD as it has its own data out tonight). My guess is a good jobs result but a higher ...

EUR/USD: Trading the US Non-Farm Payrolls