Wednesday 26/04/2012 8.30 PM GMT

Well you can read all over the news wires, the reasons for the rally in risk currencies but the problem is – there is no basis to the rally and the whole rally is based on sand. With many risk currencies over extended in the short term a correction is now on the cards.

Wednesday 25/04/2012 8.00 PM GMT

There were no shocks from the Fed today and they said much as everyone expected them to say but there was no hint of QE3 and of course while there was ever any chance of them doing it, many thought they would …

Tuesday 24/04/2012 8.00 PM GMT

The European currencies remain firm but this won't last – we may see a blow off but there going to come down hard, as the bearish global fundamentals are reflected in the charts. We are looking for a stronger Dollar and yen.

Monday 23/04/2012 8.00 PM GMT

Today we are seeing the dollar and the yen back on the up as safe haven flows flee stocks and high risk currencies and we would expect this trend to continue in the coming weeks with any dips being good buying opportunities...

Friday 20/04/2012 8.00 PM GMT

The Euro rallied to a 2 week high and we could run a little higher on stops being run but the rally looks no more than short covering and we expect a down turn and will look to add back in our banked 50% of our euro trade, if this occurs.

Thursday 19/04/2012 8.00 PM GMT

We are seeing some spiky and sideways action in many of the currencies we track but expect both the dollar and the yen to remain a buy on the dips. Despite most bankers and brokers remaining bullish on risk assets, the global economy is slowing and this means a higher dollar and yen longer term. 

Wednesday 18/04/2012 8.00 PM GMT

Not to much action today in the market with the only mover of note being the British Pound which has pushed up to above 1.60. Today euro zone remains in focus, as investors await a Spanish Bond auction. 

Tuesday 17/04/2012 8.00 PM GMT

Stocks are up today and so are the risk currencies but the moves are still below resistance although is the Canadian dollar which is right below recent chart highs. We view the risk currencies as a sell into resistance.

Monday 16/04/2012 8.00 PM GMT

the currencies are trading quietly today and the Euro and other risk currencies are moving higher but this won't last long and were looking for the dollar to remain firm and see it as a great long term buy on the dips.

Sunday 15/04/2012 5.00 PM GMT

The week ended up well for us as the risk currencies sold off and left our positions in great shape for the coming week. here we will look at some of the best trends we see shaping up and a round up of our positions.