Wednesday, June 17, 2009

NZD/USD Commentary and Trade Ideas

There is not much new in this pair. After the Monday global appreciation of the dollar taking the Kiwi down to a little under .6240,we have since recovered to .6350. The recent sideways pattern has resulted in a cross over of the 9 versus the 18 day simple moving average

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AUD/USD Commentary and Trade Ideas

This pair seems to be going with the flow. Yesterday was a bull USD day and the AUD took a tumble, only to reverse back to the upside today, trading currently at 79.95. While the trend lines to the upside remain in place, the market has lost it's upside momentum

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USD/CAD Commentary and Trade Ideas

This morning the CAD sold off to the 1.1220 level briefly,and then quickly rallied over 100 points to 1.1345. We are currently trading lower versus the dollar at 1.1310 despite higher crude prices today

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USD/CHF Commentary and Trade Ideas

It looks like this market is reluctantly ending it's downtrend,albeit without a lot of vigor. This morning we have fallen from a recovery high of 1.0955 to the current level of 1.0835. If the market sells off to 1.0785 try the long side, risking 100 points

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USD/JPY Commentary and Trade Ideas

There are often days when market orders work a lot better than limit orders. Yesterday was one of them as our 98.20 sell remained unfilled, as we sadly watched a 200 point break from the bench

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GBP/USD Commentary and Trade Ideas

The retreat from last week's highs around 1.66 has not been significant. When this market does sell off, it grinds to the downside,but on a turn about back up, it sprints

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