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Hearing ACB shorting eurusd on this rally!

2013-01-13T22:40:00.001-08:00

We have moved up about 350 pips in eurusd in jut the last 3 sessions. We could possibly see some retracement on this pair.

Good luck

Holiday Season!

2012-12-25T23:21:00.000-08:00

Market's liquidity is really poor at the moment.

Lets all trade again in 2013!

Happy new year everyone!

Risk being sold aggessively in Asia!

2012-12-20T17:36:00.000-08:00

EUR and AUD getting smashed early in Asia.

Risk was sold and market blaming it on the news that "House Republicans Delay Vote on Boehner’s ‘Plan B’ Tax Increase "

It's Holiday seasons soon I will also try and just keep my position light.

GBPUSD trade idea

2012-12-18T02:34:00.001-08:00

I reckon it will be good to buy some GBPUSD just below 1.6200. Aiming for it to take out the barrier at 1.6250.

Any thoughts on that?

EURUSD demand in the 1.3170s

2012-12-18T02:25:00.000-08:00

Talks on EURUSD demand in the 70's by semi official names.

Also earlier we saw a good spanish auction. good amount was raised in the auction and was higher than the range expected with lower yields.

I think the market could go for 1.3200 barrier. I also hear some stops above that.

USDJPY continues higher!

2012-12-16T17:58:00.001-08:00

After the LDP/Koumei-tou coaltion won a majority of 2/3 at the weekend's lower house election, Jpy starts the week on the weakening side.

In USDJPY I am hearing that importers are the ones buying in the market at the moment. I will be in no hurry to buy at current level. I would prefer to wait for a dip to buy USDJPY and aim for USDJPY to continue moving higher from here.

Good luck for the week!

The Fed, central banks extend dollar swap lines

2012-12-13T05:48:00.000-08:00

US Federal Reserve, ECB, BOE, SNB and the Bank of Canada issued a statement saying that they will continue and extend the dollar liquidity swap arrangement till Feb 1 2014.

The measure is mainly aimed at easing the strains in the financial markets.

We will continue to see cheap money floating around in the market in the near future.

Risk should be on the better side with this announcement.

EURUSD CAP at 1.3100!

2012-12-12T23:55:00.001-08:00

Short term resistance in EURUSD at 1.3100. This is said to be selling by the option players.

I believe the next target will be around 1.3125 level if we move higher.

RTRS-EU FINANCE MINISTERS AGREE TO ALLOW EUROPEAN CENTRAL BANK TO SUPERVISE BANKS IN EURO ZONE - EU OFFICIAL

2012-12-12T19:42:00.000-08:00

EUR continues to push higher. Finally the eurozone come to an agreement on something significant.

Still see a lot of EURJPY buying in the market. I believe the trade make sense as JPY will continue to weaken on continuation of easing by BOJ.

EURUSD I will be a bit cautious to go long here as I believe there will be some resistance just around 1.3120 level. The high of last week. The risk and reward of going long EURUSD here is just not there. Better to take a punt by going short just below 1.3120 with a stop around 1.3130.

Good luck!

Large offers in USDJPY at 83.00

2012-12-12T01:19:00.001-08:00

I hear large offers in machinese at 83.00 for USDJPY. I think market will not try and break it before FOMC in the US later.

Market will most likely be trading in range prior to that.

Good luck!

Heard BIS is on top of EURUSD!

2012-12-11T05:50:00.000-08:00

Heard they were selling just below 1.3000 level. I personally think that it's a good level to sell the currency pair.

A clear break above 1.3000 is needed for this up love to sustain.

Hear 800mio EURUSD offers at 1.2980!

2012-12-11T02:14:00.001-08:00

A good amount on the offer at 1.2980. We had a strong Zew number coming in positive when expectation was a -12 number. The EURUSD went up by just about 5 pips and has stopped there.

I think market is still very much just trading in a range.

EURUSD offers

2012-12-11T01:32:00.000-08:00

Hearing in the market that there are good offers in the market in EURUSD at 1.2970/00.

The buying is most likely led by Asian Central Bank's recycling the USD they bought during asian time. Most asian currencies are at the low and ACB have been there to support them.

USDJPY I will be interested to enter the market around 82.10. heard bids are there in the market.

Japan earthquake!

2012-12-07T00:56:00.001-08:00

The initial reaction was to sell USDJPY. The market mainly hit EURJPY down when the news were out.

I hear from traders in tokyo that the effect of the earthquake is no where near the last one. Minimal damages. We should eventually see USDJPY being bought back again.

EUR plunge overnight!

2012-12-06T17:35:00.001-08:00

EUR dropped just when Draghi was in answering a Q&A session and stating that "there was wide discussion on interest rates, decision was taken by consensus, we are operationally ready for negative deposit rates"

EurUsd dropped to 1.2950 straight.

I will not sell eurusd here but maybe more on a bounce towards 1.3000.

EURO Move Higher

2012-12-06T01:33:00.001-08:00

EURUSD last up move was bought by middle eastern names.

EURJPY still seem fairly bid in the market. EURJPY level at 108 seems to be the one that market is eyeing for. They believe a good break there will lead to big bullish momentum in the pair.

Lets see.

EURO Sentiment

2012-12-05T18:57:00.001-08:00

EURUSD yesterday hit a high of 1.3126 and then we saw it closing lower on the day below 1.3100.

A poor Spanish auction was one of the reasons why the EUR were hit yesterday. Also, an article in FT reveals that Deutsche Bank hid 12 Billion USD in paper losses during the financial crisis.

For today, I reckon Euro will be slightly offered when it approach 1.3100. I would like to go short the pair when it bounces back up towards 1.3100.

Good luck !

RBA cuts 25 BPS to 3.0%

2012-12-03T19:47:00.002-08:00

The initial reaction in the market was to sell AUDUSD and saw it dropping just 10 pips lower. Afterthat we saw good demand of AUDUSD. It jump up to a high of 1.0458.

RBA says that Audusd is still higher than what they expect.

I think we will still see good offers around 1.0500 coming out later if we get there.

HSBC CHINA NOV PMI 50.5

2012-12-02T18:22:00.000-08:00

The manufacturing PMI hits a 13 month higher of 50.5 VS estimate of 50.4.

We continue to see stronger numbers coming out from China itself. This suggest that china economy could just be bottoming out around here.

Australia's retail sales number on Monday morning however dissapointed the market. Talks in the market that RBA could possibly go for a 50 BPS cut. Seeing AUD bearish on the crosses but not too much against the USD. This is mainly due to the uncertainty with the US fiscal cliff issue.

I would also go short AUD on the crosses.

Good luck

Heard ACB sold some EURUSD here!

2012-11-29T02:23:00.000-08:00

Heard that from some friends in the market.

They are also saying more offers left with banks at around 1.3000/1.3010. I will try shorting it just before that.

If 1.3010 breaks, I guess it won't be too good holding on to your shorts.

Good luck all!

AUD !

2012-11-28T17:36:00.000-08:00

On the Aud, this morning we saw better Capital Expenditure number out of Australia. AudUsd still trading in range and below 1.0500.

The market is focusing on next week's RBA on Tuesday. Market is very much pricing in a 70% chance of a rate cut. I am trying to go short into the rates decision if market still stays around this level.

Lets see how the week ends..

EURUSD good 2 way action

2012-11-28T01:25:00.001-08:00

EURUSD I think offers are just below 1.2941 and bids been said to be around the low of 1.2900 for now.

We have heard central banks on both sides. Selling close to 1.2940 and buying on the lower end of 1.2900.

I guess it will be a tight range for now..

AUD and NZD

2012-11-28T01:23:00.001-08:00

I am bearish on both the currencies at the moment. I see both currencies being under pressure slightly from here.

For NZD I think offers at 0.8250 shoud be enough to hold the bulls in kiwi dollar.

For AUDUSD, I reckon its good to go short with a stop just above 1.0490. I am looking for AUDUSD to go below 1.04. Next tuesday we have RBA and it is widely expected that RBA will cut rates. I believe that will pressure AUD for now.

JPY Ideas!

2012-11-27T17:42:00.000-08:00

USDJPY I reckon it's now a sell just around 82.20 level as we trade the range of 81.80/82.20.

I still prefer buying dips on USDJPY and this will very much continue into 2013. I think we will continue to see the JPY depreciating against all major currencies in 2013.

For the shorter term, I believe there are keen buyers just around 81.50 level. Upside most banks are targeting it to go towards 84 level in the shorter term.

All the best!

Greece deal reaches agreement!

2012-11-26T17:12:00.000-08:00

Agreement that they will bring Greece's debt to a sustainable path and returning back to the market.

Finance minister agreed to lower interest by 100 bps. They will also defer interest payments on EFSF loans to Greece by 10yrs & return ECB SMP profits

Overall good news for eurozone and especially Greece.

We saw euro testing the 1.3000 level. So far, EURUSD have not been able to sustain above that.

USDJPY still holding on to 82.00 level. This morning we tested lower and have just bounce back up slightly. I reckon USDJPY is still a currency to buy on dips. Hearing good bids around 81.50 level for now.

Good luck!