Tagged: FX

Hold onto your hats

As London was going home on Tuesday February 3rd, EUR/USD had almost hit 1.1500 – that’s up 3.5% from its post ECB QE lows. Prior to that, it had fallen almost 5%¬†from the moment just before Mr Draghi stood up to give his press conference. It took 2 days to fall and 6 trading sessions…

Read more >

Don’t hit the sherry too soon

It always happens when you least expect it, doesn’t it?* And lo, so it was that the dollar did rally up to the highs of the year, just as the market had hoped on January 1st but had suffered in want of for most of this blessed year. While shepherds watched their flocks by night,…

Read more >

The Day Today 2 Oct 2014

Stock markets a sea of red, the dollar in reverse, but most significantly the US 10yr closed below the key 2.45% level. Are all of September’s positions about to be reversed? * There are certainly positions out there to be reversed: Parker Currency Index up 3.29% in Sept, biggest monthly gain in 10yrs {fifw NSN…

Read more >

The Day Today 1 Oct 2014

* Japan Tankan survey: – Boost investment by most since 2007 – But non-manufacturers and small businesses show deterioration in sentiment – Employment index shows tightest labour market since 1992 As USD/JPY hits 110, Japan officials rhetoric shifts: * Econ Min Amari: Excessive currency movements undesirable {fifw NSN NCQZ9H6KLVR9 <go>} * Dep Chief Cabinet Sec…

Read more >

Remind me, how do we trade a trend again?

The last few weeks have felt like a real market again, as a number of you have remarked to me (often a little misty-eyed). FX volatility is up and the dollar has been on the march. For those keeping count, it’s been the longest winning streak for the dollar since 1967. For the technically minded,…

Read more >