COMMENTARY

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  • 5/17/2012 6:21:55 AM ET
    Risk FX Consolidates in Quiet Trade
    A very quiet night of trade in the currency market due to Ascension day holiday in Continental Europe with EUR/USD consolidating its recent losses while cable saw more selling pressure on...
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  • 5/16/2012 1:15:34 PM ET
    Stocks mixed as Euro woes linger
    All those investors hoping for a bounce this morning have been disappointed so far. US stock index futures were lower first thing following steep falls in Asian Pacific markets overnight, and...
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  • 5/16/2012 6:01:56 AM ET
    Is EUR/USD Prime For Short Covering Rally?
    The selloff in risk FX continued in overnight European trade with EUR/USD plumbing fresh lows below the 1.2700 figure while cable dropped through the 1.5900 barrier in the wake of a...
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  • 5/15/2012 12:48:06 PM ET
    Greece to hold fresh election
    US stock index futures were sharply higher this morning, and close to making back all of yesterday's losses. Although Asian Pacific markets were mostly weaker overnight, European equities have managed to...
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ECONOMIC EVENTS

LATEST BUSINESS NEWS

RECENT TRADER TALK

  • Very to the point and matter of fact. However, one will stick his neck out and say the sell off will not cease until 1.25600 and it may be only days away. The dynamic reading of the structure of volatility, a rough estimate of the order fl...
  • With second Greek election now confirmed, wondering if all the immediate bad news on Europe is now priced in? Barclays note that at current levels, EURUSD testing trend line which links the June 2010 and December 2011 lows. As you say, we ...
  • I agree Darkdoji - it does look grim. This morning's European rally ran out of steam quite quickly, despite better German GDP (the ZEW survey didn't help). All eyes still on EURUSD and a failure to close back above 1.28 won't help either. ...
  • It was starting to stretch the theoretical norm that stocks were rallying on wall street not just in the situation Europe has boxed itself but the general shape 0f things around the world as well. It was as if they were not going adjust t...
  • Well thanks again - my first and last stop on technicals this week, will be checking your thoughts on daily updates though. Pretty much in agreement with my personal reviews before coming over to lean on your deep insights. This is going t...

TRADE IDEAS

  • Trades to Watch
  • Trades in Progress
currency trade idea
EUR/GBP
Medium term



 Sell Sell at .7975
Stop at 0.8016
Target at 0.7905
EUR/USD
Long term



 Buy Buy at 1.2467
Stop at 1.2064
Target at 1.3072
CAD/JPY
Long term



 Buy Buy at 78.4800
Stop at 77.48
Target at 79.98
currency trade idea
EUR/USD
Medium term
Opened 5/16/2012
 Buy Long from 1.2744
Stop at 1.2679
Target at 1.281
EUR/AUD
Medium term
Opened 5/14/2012
 Sell Short from 1.2838
Stop at 1.2925
Target at 1.2738
AUD/JPY
Medium term
Opened 5/11/2012
 Sell Short from 79.6900
Stop at 80.2
Target at 78.45
These are hypothetical trades and should not be relied upon as a substitute for independent research.

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