Short Term – Daily Forex Analysis – April 9, 2013
USDJPY continues its upward movement from 92.56, and the rise extends to as high as 99.66. Further rise is still possible after a minor consolidation, and next target would be at 101.00 area.
Currencies
Steroids, implants and botox – just what the Yen needed!
The Bank of Japan took control of it’s currency in grand style last week, having duly selected the largest hypodermic they could find, filled it with steroids, and then injected a syringe full directly into the artery of the dollar yen.
Morning Coffee Break – Tuesday April 2
Morning Coffee Break – Tuesday April 2 April what is thought of being a strong month historically began the month and second quarter at a slow snail pace. The Dow and the bulls have look to April as the best month of the year as far back as 1950 with an average 2.7% gain for the month.
Gold bugs hoping for some Spring sunshine
Gold continued to trade in a narrow range once again yesterday, with the April gold futures contract closing marginally lower and ending the gold trading session with a narrow spread down candle, closing just below the psychological $1600 per ounce level at $1594.80 per ounce.
3 Ways Cyprus is a ‘Game Changer’ for Europe
With strong words to support the Euro, Mario Draghi, the European Central Bank President, quelled fears over the future of the Eurozone. However, the bailout negotiations in Cyprus revealed cracks in this ‘floor’ supporting the region and markets. A ‘Banking Union’ has been undermined, imbalances within the region magnified and individual systematic risk returned.
Morning Coffee Break – Monday April 1
Morning Coffee Break – Monday April 1 In today’s Morning Coffee Break we find as traders come to their trading systems after a 3 day weekend and the start of the second quarter have several milestones to build on from record closes on the Dow and S&P 500.
Short Term Daily Forex Analysis – March 27, 2013
USDJPY remains in downtrend from 96.70, the rise from 93.53 is likely consolidation of the downtrend. Key resistance is now located at the upper line of the price channel on 4-hour chart.
Morning Coffee Break – Wednesday March 27
Morning Coffee Break – Wednesday March 27 Today’s Morning Coffee Break is finding U.S. equity futures are indicating a lower open this morning after yesterday’s push higher towards an all-time high of less than two points in the S&P 500.
Morning Coffee Break – March 25
Morning Coffee Break – Friday March 22 U.S. equity markets are pointing to higher open on the first day of the week of a short week. All three U.S. indexes are in the green on a Cyprus last minute bailout plan that was approved by European Union Finance Ministers.
Short Term Daily Forex Analysis – March 22, 2013
USDJPY moves sideways in a trading range between 94.31 and 96.70. The price action in the range is likely consolidation of the uptrend from 90.93.
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