Back-to-back January declines in stocks meant this
January will most likely be negative for US stock indices (S&P500), and will be the 2nd consecutive year of negative January performance. back-to-back- declines in January have not only been less frequent, but have had more ominous implications for the general market, prevailing during some of the worst of geopolitical events & periods of economic disarray –as seen in the chart & analysis below.
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How about USDJPY?
is it ime to go long USDJPY? After our last 2 AUDJPY shorts hit its final target of 91.40, we issue 1 trade on USDJPY with 3 charts. Full detail found here
The US dollar reasserted itself Thursday as it cruised to gains against the yen and pound while beating up on commodity FX. The euro kept pace and was the top performer while CHF lagged. A full slate of tier 1 Japanese data is due next.. After the last of our 2 AUDJPY shorts hit its final target of 91.40, totalling +230 pips, we issue 1 trade on USDJPY with 3 charts. Full detail found in the latest Premium Insights.
Read More...The Fed touched on softer short-term inflation but better growth in a statement that had something for everything but nothing definitive or surprising. On the day, the Australian dollar was the top performer while the loonie lagged to a fresh 5-year low. The RBNZ followed up the Fed decision by shifting to neutral and flexing its jawbone. Our Premium subscribers who got on those 2 Premium shorts in AUDJPY, issued on Monday are realizing 200 pips on the 1st trade and 130 pips on the 2nd trade, which was filled after last night's release of higher than expected Aussie CPI temporary lifted the pair.
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