Sounds like a good entry point to me!

EURUSD

This reminds me of the time a few months ago when $ dropped to 0.90+ against CAD - that lasted for a few hours or so, and CAD has been dropping ever since... perhaps the invisible hand argument has some merit here; perhaps some serious money has ...

EURUSD

Wow, never thought I'd say this but the USD seems unstoppable... perhaps even more stunning has been the drop in gold lately though. Have patience though - next week more EUR inflation data is to come out, and the world should be whole again.

EURUSD

Frankly, I'm amazed by the disconnect between how bad things are in the U.S. economy and the current equity market levels, which are still very close to historical highs. Beware of a second wave of large stock corrections which is likely to come ...

USD/JPY Discussion

The pound is not really a carry trade currency; those would be the high yielders such as aud and nzd.

Cable Update (GBPUSD)

heavy resistance just under 1.9800... we may be near a corrective move down.

Cable Update (GBPUSD)

Can someone offer some kind of explanation for the 70 pip spike on no news in the last hour? Nothing on Bloomberg... maybe I'm looking in the wrong places.

Cable Update (GBPUSD)

I'd close my long within the next 40 minutes if I had one. High impact data is slated for release soon - lately it hasn't been too bullish for the cable.

Cable Update (GBPUSD)

This is some wild price action, I'll tell ya. Made some of the easiest pips ever riding this thing...

EURUSD

I agree that we are on the cusp of a significant move down. The impending U.S. earnings don't look awfully promising, and now the effects of the credit tightening by the RBA are really beginning to be felt, this dismal home loan report being first ...

Aussie Pairs

All - good calls on the Euro correction. Now we just need to sit and wait for aussie to follow suit... not sure why it's still staying so strong even though common sense calls for some risk aversion before G7.

EURUSD

Hehe, didn't even have to wait for London open.

EURUSD

This spike will certainly be corrected at the London open.

EURUSD

Yeah, this is pretty annoying. My gold futures went under water in a matter of a couple of hours even though I thought I got in on a big dip. It would appear the market has reacted to Paulson making waves by buying the depreciating green paper his ...

EURUSD

Yeah, it's not often I feel like a rock star watching a trade go my way. This is one of those rare moments. Added to my short @ 0.9902 (merely averaging down at this point on the way to BE). Looks like the market is finally coming to its ...

USDCAD trend reversal?

Double-top or not, it is surprising to see high-impact news not making barely any impact on the pair's direction. While the european currencies all corrected in a sharp manner following the trade balance release, a really big positive Canadian ...

USDCAD trend reversal?

I think the trade balance numbers should give the pair a nudge back in the expected direction, i.e. down. BTW, has anyone noticed the definition of trade balance as given in the calendar is incorrect? It's the difference between export and import ...

USDCAD trend reversal?

USD is stronger across the board today, not just CAD - excellent time to short before news releases this week. The only asset class depreciating faster than USD that I can think of is a new car.

USDCAD trend reversal?

Yes, but not before falling by 80 or 90. Just goes to show that timing is everything... anyway, hope you made some money on that trade. It seems yet another pair is headed for parity with USD; swissy has been as good as gold lately.

buy usd/chf for a quick gain today

Sorry if this seems rude, but do you have anything actually valuable to add to the discussion?

USDCAD trend reversal?