Short Term Daily Forex Analysis – August 16, 2013
Short Term Daily Forex Analysis – August 16, 2013 Being contained by the resistance of the downward trend line on 4-hour chart, USDJPY pulls back from 98.64.
Strategies
The Yen Index – Barometer of Risk
As mentioned in the previous post, the Yen index can give us an excellent perspective of market sentiment, given the Yen’s unique position within the forex market as both a currency of safe haven and a gauge of market risk.
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.
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.
Where next for YM Emini index futures?
For longer term traders in YM futures, the index in April has continued the pattern of trading that we saw during the second half of March, with the Emini contract trading in a tight range, closing the week following the NFP data, at 14,484, and back in this area once again.
Alarm bells ringing for gold bugs!
With commodities in general taking a hammering in the markets at the moment, neither silver or gold have escaped. In the last two days, the dramatic falls in silver, have also been reflected in gold futures, with the June contract trading lower once again overnight on Globex as we test the $1540 per ounce level.
Corn, oats and soybean all plunge on USDA report
What an end to the month! If traders in soft commodities were expecting a quiet end to the first quarter of 2013, there was a real sting in the tail, with the latest USDA report released on the 28th March, sending corn futures tumbling, and spilling over into oats and the soybean market. And the catalyst for these dramatic falls?
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.
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