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AudJpy, pushed by the Yen, pulled by the Aussie As said in the last post here, I have added a 3rd add-on to the position. I wasn’t expecting Boehner to help, mainly after Reid pessimism this morning. Even though I thing that this Fiscal Cliff is going to be solved, what matters to us...

China stocks and Reid are heavy weights. Hi, didn’t trade yesterday as I was setting up a new trading station. So where are we? Seems that Mr Reid comments on the Fiscal cliff and China stocks making a new 4 years low drove the markets down, despite strong US data and the Greek deal. I...

Week 48, EurUsd forget the greeks and wait for Godot again. Leave a reply What’s new ? Nothing really, market still waiting for the Eurogroup outcome, forgetting a bit the fiscal cliff. EurUsd long: may be the most interesting and also the most tricky plan for this week. I am thinking...

Week 47 recap. Aud long: AudUsd @1.038 +60p @1.0400 +45 p AudJpy @84.50 +190p What is intersting here is the correlation between 2 global macro views, one about a weaker Yen and the other about a risk on sentiment. UsdJpy is now stuck but Aud is dragging AudJpy and AudUsd...

Doji thing and Specs dumping the load UsdJpy, doji thing and specs dumping the load. The barrier attack failed few pips off the target. As explained in the initial post here, I was expecting the price to reverse for the reasons I detail below: 1: Imagine you’re a spec fund manager...

Hopefully RBA is running out of cash. Again trying to obtain an initial position on AudUsd. The trade is based on the same incentives than the one closed yesterday (pasted below) . Keep in mind that it’s the second component of the position, the first being the AudJpy, helped by the Yen...

That AUD combo trade recently mentioned here is rather surprising on its AudUsd component. It’s a classic behavior for a pair to discount an event and go the other way when the fact is known. Usually when the event can be a game changer , the market returns to at least its previous high. The...

On UsdJpy, the barrier at 83.00 is said to be heavily loaded with offers. I added a significant size ahead of it targeting 82.95 for 3/4 of it. The other thing is that I am looking at a pull back from there. If it retrace I'll be pending with orders above the price (buy stops) in case some...

AudUsd, RBA selling her soul before China PMI No clear explanations about the persistent sell off on AudUsd. I mentioned here the major risk to the trade is the RBA intervention during thin market, The intervention seems to be light though. They are not offsetting their FX inflows, hence...

Even though the Eurogroup failed to find an agreement, thus didn’t help some of my positions to get away from the price; I am rather OK with this week trades. UsdJpy long here and here : @ 80.55 +160 p so far, still running and locked below 81.60 @ 81.15 +100 p closed half at 82.00...

UsdJpy, Boj on the hot seat Remember that long UsdJpy above taken after the Japanese opposition leader, and likely next prime minister, publicly asked for a 3% inflation target. Here’s the follow ups : 1: The butterfly has been modified by buying back the body at low cost while...

Twitted @neoflytox real time I am now long AudUsd and AudJpy inside the current tiny range, and pending to add lower. As said in the weekly intentions here I was waiting for the minutes of the last RBA meeting. Though not excluding further easing, they show the board taking into account...

Week 47 intentions We had some pressure released by the end of last week when President Obama met the congressmen. Nevertheless uncertainty is still prevailing with a very high sensitivity to any facts or rumors about the fiscal cliff. Beside playing some tech levels, barriers and news...

As said in the weekly intentions quoted above I am now in an AUDUSD long: Analysts so far weren't able to give a common explanation to the last fall of Aud vs the Dollar and the Euro. We heard for sometimes times now that RBA rather than offsetting its FX inflows are accumulating them in a...

JPY Abe weighting more than the fiscal cliff, I thought that the fiscal cliff would heavily weight on UsdJpy until something is hinted by the Gop. Clearly the Yen is shrugging the cliff off since Mr Abe the likely new Japan boss , is asking out loud for an open ended easing by the BOJ...

Remember that core EurChf long taken since long ago, closed it with +22p before my last break. The number of pips was not important in this trade but the size was, since the risk was limited by the SNB floor. The pair is now returning below 1.2035 and I am stacking pending longs again from...

Hi, was off during family vacations. Spent all the week end and Yesterday reading and analyzing to re-sync with the market. The picture is quite clear, UNCERTAINTY is everywhere. 1: US economy is improving but the dollar is strengthening. The fears of a fiscal cliff gridlock to which you...

UsdJpy Target hit +57p. Being covered by the core position at 77.46 and having taken many pips already from several add-ons, it's easy to be positioned ahead of nfp at no risk. I am following the same strategy on ES, I didn't detail here, more on this later. Have a good week end.

Still pending at 1.2835. Price not far, but I can miss it in the post nfp fluctuations. Though I don't see any consistent north move without the 200DMA liquidity.

EurUsd lock hit +15p. UsdJpy long at 79.93 targeting 80.50 barrier.