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Closed at 116.8 for +60pips

I hope you all took my advice and bought sub 1.23 overnight, for the 1.2350's? i think the Euro is unable to hold its gains following the positive news from Riksbank and russian finmin Kudrin. I think the Euro looks overloaded to the upside, so I therefore think selling rallies in the mid to...

Closed at .7412 +50pips

As there is no news flow on this pair tomorrow. I'd of thought it will be contained in the 1.2285 to 1.2395 range. Therefore, a long close to or under 1.2300 has a good risk/reward chance with a stop at 1.227. Target 1.2375

I shorted the forex pair, not the future. Indirectly, if metals become more volatile then Tocom will increase margin levels, and thus shorts in JPY will be paired back generally. Similar thing happened in December across JPY crosses.

long .7362

For Aud/Usd, I am gonna buy a bounce at .735, move seems a bit overdone today.

Shorted at 117.40. Looks like the gold free-fall today will hit this and other JPY crosses when toyko opens. Looking for the bottom of the Ichimoko cloud at 116.4

Closed short at breakeven. I think this will rally from here, and thus looking for better levels to sell.

Good trades. I think USD/CAD has been disappointing this week, considering commod strength and dollar weakness. Its a combination of fear/greed magnified 100 fold which has made this week so tiring. I empathize.

On the GBP/USD front. The economic backdrop on this cross is not great; tepid to say the least. Inflation and houseprices are pretty flat, and I cant see rates going up for a long time. I think the only thing holding this up is M&A activity in the UK. Once, bids for certain companies are out...

Closed long at 1.2384 for 84 pips. Will go long again closer to 1.23. I could be wrong but a lot of crosses are approaching upper/lower 2% ma bands, particularly GBP and CHF, against the dollar. Therefore, after massive weekly gains, you've got to question how much more there is to come this...

Just gone long at 1.23 Feel a drop of 70pips from the high today is fair enough for a pull back. I think 1.2415 would have to be hit sooner or later. I think a range of 1.228-1.237 might develop for a while though.

I agree, as I said yesterday 1.2415 is the natural channel top target. However, given the doveishness of the Fed minutes I expected this cross to trade a lot higher, so it suggests the market is already very long, so a retracement may occur, before the trend is resumed. Buy sub 1.23 if you can.

Interesting article. I think the market has got ahead of itself at the moment. Take GBP/USD - poor economic environment, no yield play, yet has rallied to highs. The only thing I can think of keeping it up is general dollar weakness and M&A activity. I think the dollar will assert itself by...

I agree that rates cannot rise that much in kiwi land. However, they are gambling on a revise in expectations and sentiment (even if short-lived and false) that rates will rise. They are hoping the low delta calls will become high delta calls, and then liquidate.

Short at 1.7780

It says that 250mn worth of 73 calls have traded on NZD today. Implying that banks are buying deep out-of-the-money calls for a hyper return (they believe a bottom on this cross), if NZ inflation figures imply rate hikes in the future, and the carry-trade scenario is back on again.

I think the hourlies will have to fall to a neutral level, so this will result in a retracement. I am looking to buy on dips and have limit orders of 1.222 and 1.7635 on GBP/USD to take me long again (not sure they'll get hit though). The real truth in todays action will be when european...

Cant see the Head n Shoulders u talk about on the Eur/USD daily chart, where is it?