Looks like a triple bottom on the daily, doesn't it? Sure seems pretty close to the 12 month low.

Cable Update (GBPUSD)

Opened a short @ 105.32

USD/JPY Discussion

Watch out - this is sure to get incredibly choppy as there's no single headline number with this release.

Cable Update (GBPUSD)

You may get saved by the upcoming inflation report which could highlight the severity of the problem in U.K.

Cable Update (GBPUSD)

Uh-oh... this doesn't look good. Closed my long at a loss and will wait to re-enter below 1.94

Cable Update (GBPUSD)

It seems buyers are lining up to beat the news... if it's encouraging, a BIG move up is possible. Would love to see a 1-2-3 punch for the pound in the next hour.

Cable Update (GBPUSD)

I think he meant averaging down.

EURUSD

Something happened right at 12 pm EDT today that caused USD to strengthen all across the board, not just against JPY - we're talking futures, euro, pound etc. For a while it did look like it would cool off after the sales report, but then it's as if ...

USD/JPY Discussion

A triple bottom awaits on the daily around 1.9350-1.9375... but I doubt it will go that low today.

Cable Update (GBPUSD)

I'll buy the "invisible hand" argument at least with respect to ECB in that the bank has had it with the euro being so damn strong for so long, and some form of shadow intervention is upon us... I really don't get what's up with GU though. Upside ...

Cable Update (GBPUSD)

Oil should provide some (albeit minor) support against USD going into NY session. Lots of money could have been made on June oil futures in the last half hour... at least oil pricing still makes sense.

Cable Update (GBPUSD)

Added to my small long position @ 1.9483... a very expensive lottery ticket. But, seeing how it regains ground sometimes in a matter of hours, we might be looking at a recovery to 1.9600 in four hours' time.

Cable Update (GBPUSD)

This pair defies explanation lately... although, USD is kicking every currency's ass right now but still, after inflation news of that sort one would expect a much stronger showing. Bizarre.

Cable Update (GBPUSD)

Wow, I was spot on here. Too bad I didn't short on my own advice.

EURUSD

How tight is your trail, anyway? I see a possible temporary correction to 1.5425, from which point it could go back up to 1.5550 which looks like it's where the two week upper trendline lies.

EURUSD

Given the continued hawkish stance of ECB and the "borrow and spend" mantra of the Fed, I just don't see this happening. Next week we might be back to 1.57. You're entitled to your own opinion though; check back with me in 7 weeks then. BTW, the ...

EURUSD

Yeah, a matter of a very long time. With oil going through the roof and no end in sight, the euro is not likely to sell off that much any time soon.

EURUSD

Looks like it's slowing down for now... possible recovery up to 1.5660 or so in five to six hours depending on the U.S. consumer sentiment figure. The pound is going up, for one thing, but what do I know.

EURUSD

Maybe. But the euro inflation number is due out before the Fed's decision and those have lately been beating expectations, the last of which may have been directly responsible for the runup to 1.6000. Plus, the pair has received a 450 pip haircut in ...

EURUSD

The euro certainly looks pretty weak, but I would be more scared to get in short than long at this point. Don't forget the U.S. interest decision is next week; if they cut - well, the dollar suffers, but if they don't it only means they're going to ...

EURUSD