Andrew Timothy Robinson, Saxo Bank

Trading commentary: Saxo Bank

Andrew Timothy Robinson, FX-specialist, Market Strategist, Saxo Bank

Asia Today: Higher Oz CPI questions the next RBA cut

24 October 2012
We saw more activity in Asia today with a couple of data points to keep us busy.

EURUSD takes out 1.3000 ahead of tomorrow’s FOMC

23 October 2012
EURUSD took out 1.3000 – for now – ahead of tomorrow’s FOMC meeting as peripheral EU spreads worked higher and safe haven seeking was the name of the game.

Asia Today: USDJPY still edging higher with one week to BOJ meet

23 October 2012
It was a paint-drying session in Asia with a barren data slate and tight overnight ranges providing little incentive to trade.

Busy week ahead as we wait for the EURUSD range to resolve

22 October 2012
Today has been an odd day – as Friday’s awful close in the US and all of the negative energy that seemed to be forming around poor US earnings has failed to ignite a wider bout of fear.

EU Summit no watershed event. EURUSD 1.3000 key support

19 October 2012
Sentiment is key after the EU Summit developments provided little that wasn’t already priced into the current market environment.

Summit how they will, I’m still looking for signs of a Euro top

19 October 2012
The focus is on the EU summit today and tomorrow. There is a possibility of a last gasp Euro rally, but I am looking for signs of a Euro top in coming days.

Summit how they will, I’m still looking for signs of a Euro top

18 October 2012
The focus is on the EU summit today and tomorrow. There is a possibility of a last gasp Euro rally, but I am looking for signs of a Euro top in coming days.

Asia Today: China growth shows signs of bottoming – helps risk

18 October 2012
Asia was on China watch today with the release of Q3 GDP and the rest of September data on tap.

What does market do with strong US numbers?

17 October 2012
Strong US economic data – always the least straightforward data to trade – is it good or bad for risk and good or bad for the USD?

Asia Today: EURUSD firmer as Moody’s holds Spain rating steady

17 October 2012
The EUR was given an additional leg up at the start of Asian trading after Moody’s left Spain’s rating unchanged at Baa3, though with a negative outlook.

Fresh-squeezed Euro remains the pain trade

16 October 2012
US earnings reports and an apparent German overture on credit to Spain is squeezing Euro shorts again across the board as EURJPY challenges 103.00 and EURUSD is having a go above 1.3000.

EURJPY testing through resistance

16 October 2012
The strong US retail sales data saw a rebound in risk appetite and a weaker JPY and the key Euro crosses are bid as well, as EURJPY pressed beyond the bounds of the recent triangle of consolidation.

Asia Today: AUD holds firm despite dovish RBA minutes

16 October 2012
The minutes of the last RBA meeting were the highlight of an otherwise barren Asian data slate.

Asia Today: Better China data fails to ignite risk appetite

15 October 2012
The weekend saw Chinese trade data released which showed a widening in the trade surplus to $27.67 bln from $26.66 bln with a rebound in imports matched by a better performance by exports.

EURUSD pokes at 1.3000 while Aussie suffers

12 October 2012
EURUSD is having a go at 1.3000 with little conviction while action elsewhere is generally uninspiring, though Aussie donned a pair of lead boots and went for a swim as today’s weakest major currency.