Outlook in USDJPY remains on the upside as long as support 105.70/104.98 holds on a weekly closing basis , resistance comes at the 108.20 levels , a halt is likely, but a clear break above the 108.20 levels will have large bullish implication towards the 110.65 levels…
On the downside , support comes at the 105.70 levels ahead of the 104.98 levels ( main) , below the 104.95 levels will turn outlook neutral for retesting the 104.09/103.54 levels before the next rise……
In all ,…Continue
“There is only one side to the stock market; and it is not the bull side or the bear side, but the right side” Jesse Livermore – Legendary Trader. 1877-1940
September 12th 2014 – Good morning. The mood music continues to be about Dollar…Continue
Added by Gary on September 12, 2014 at 8:30am — No Comments
Outlook in USDJPY remains on the upside as long as support 104.97/104.67 holds on a daily closing basis , resistance comes at the 106.95 levels , a break would open 108.00 next , At this point I’d expect strong resistance from the 108.00 levels to limit the upside move and bring consolidation before the next move , however ; a clear break above the 108.00 levels will have large bullish implication towards the 109.72/110.65 levels..
On the downside ,support comes at the 105.70 levels…Continue
Added by Haitham653 on September 9, 2014 at 4:13pm — No Comments
September 9th 2014 – Markets now remain quite stretched due largely to the march of the Greenback. We spoke about this all year and we are now seeing it everywhere we look.
EURUSD – Key weekly support now comes in all the way down at…Continue
Added by Gary on September 9, 2014 at 8:33am — No Comments
September 8th 2014 – So USDJPY is beginning to look quite attractive and seems to be putting in a series of pivots that may well take us to 110 is short order. As you can see in my webinar, my bias is to buy and we have taken out not only the 2014 high but also the 2013 high too.…Continue
Added by Gary on September 8, 2014 at 9:59am — No Comments
"We will keep the Pound Alistair because it is our Pound as well as England's Pound." - Alex Sammond, Leader, Scottish National Party.
September 3rd 2014 Good morning. So I’ve been…Continue
Outlook in USDJPY remains on the upside as long as support 103.07 / 102.23 holds on a weekly closing basis , resistance comes at the 104.18 levels , sustained trading above the 104.18 levels is needed to resume the upside offensive , If seen , the pair will target the 105.43 levels , a halt is likely, but further upside will aim the 106.95 levels…
On the downside , a failure to hold gains above the 104.18 levels could mean a return to the 103.07 / 102.23 levels ,a halt is likely ,…Continue
Added by Haitham653 on August 25, 2014 at 9:00am — No Comments
“When you expect things to happen, strangely enough they do happen” - JP Morgan, American Industrialist and Financier.
4th August 2014. In the week ahead focus should shift elsewhere after the US Dollar dominated the scene last week. There are four rate decisions…Continue
Added by Gary on August 4, 2014 at 8:00am — No Comments
"Never Knew How Poor I Was Until I Started Making A Little Money - Bud Fox, Movie Wall Street 1987."
14th July 2014. The Portuguese banking system continues to make headlines and the equity markets have come off a little. Will the ECB come and rescue them? They…Continue
Added by Gary on July 14, 2014 at 8:09am — No Comments
“Stock market bubbles don’t grow out of thin air. They have a solid basis in reality, but reality as distorted by a misconception.” George Soros 9th July 2014.
We are seeing the first few down days in a row for the S&P in some time. Should the markets correct…Continue
Added by Gary on July 9, 2014 at 7:11am — No Comments
1st July 2014. The last 24 hours has seen a wave of selling against the buck with key pairs now looking quite stretched. GBPUSD is now weekly, daily and was briefly hourly overbought. EURUSD seems to be making that move up towards 1.37 that seemed on the cards a few days ago. USDJPY seems to be…Continue
26th June 2014. If you recall Q1 in the United States was all about the bad weather and the restraining effect that was having on economic activity, but that was a terrible Q1 GDP number out of the states yesterday. I am starting to have some sympathy for Janet Yellen’s “catch 22”. …Continue
Added by Gary on June 26, 2014 at 8:19am — No Comments
“To serve as Prime Minister while being too mindful of the approval rating is like serving as Prime Minister on a roller coaster. What is important, I believe, is that I really act on promises that I make and leave results. Leave a track record and show to the Japanese public, who will,…Continue
“The ability to foresee that some things cannot be foreseen is a very important quality” – Rousseau
June 16th 2014. Last week was bitter sweet. While I managed to make significant progress in my own account it came at the expense of seeing the Kiwi Dollar reverse…Continue
Added by Gary on June 16, 2014 at 9:00am — No Comments
Outlook in USDJPY has turned to the upside this week , the weekly closing above the 102.35 is supposed to pave the way towards the 104.12 levels , further upside will aim the 104.86 levels ahead of 105.43 levels.
On the downside , support comes at the 101.74 levels ahead of 100.43 ( main) , sustained trading – weekly closing – below the 100.43 will open 98.92 levels before the next rise , below this level will turn focus on the 96.56 levels.
In all , as long as support 100.43…Continue
Royal Bank of Scotland - "Our strategy is to look for a buying opportunity in USD/JPY. In the current environment, it may mean waiting for 100, the 61.8% retracement of the rise from the previous low in October last year before it rallied to its peak above 105 around the turn into this year. However, we would be watching closely to see if it looks to be holding the low this year in Feb near 100.75. Perhaps the strategy is to look for supports to hold and signs of it breaking its recent…Continue
Added by Francesc Riverola on May 21, 2014 at 9:04am — No Comments
In addition to BoJ decisions there are a couple of other factors which could prove to be crucial in determining the path of USD/JPY through the remainder of the year and beyond. The first is geo-political risk. There is currently a risk that investors are treating the crisis in Ukraine with too much complacency. Further deteriorating in the region could lead to safe haven demand for the yen. Also,…Continue
Added by Daologic on May 19, 2014 at 10:43am — No Comments
UBS - "Financial markets are giving out inconsistent signals. A firmer yen, stronger Treasuries and bunds, weaker Eurozone peripheral bonds and lower stocks point to increased risk aversion. But the Swiss franc is weakening while commodity currencies are stable. The major currencies are more likely still to be driven by shifts in monetary policy. The Federal Reserve is set to keep tapering, helping the dollar recover from this year's lows. The likelihood of European Central Bank easing next…Continue
Added by Francesc Riverola on May 19, 2014 at 10:08am — No Comments
The USDJPY continued its bearish momentum last week , topped at the 102.35 levels , and bottomed at the 101.30 levels .Now pressure will be on the key support 101.30 …
The USDJPY will have to hold below the 101.30 levels on a weekly closing basis to push the market for further downside losses , If seen , It will target the the 100.00 levels , a halt is likely , but losing the 100.00 levels on a weekly basis will open 98.80 levels, further downside will aim…Continue
Added by Haitham653 on May 19, 2014 at 6:18am — No Comments