There is not always corrolation between stocks and currencies. Sometimes SP500 & DJI will move up while EURUSD stillmove down. The market is tsometimes driven by other factors.
Ho, I think everybody was caught off-guard with the sudden JPY sell-off. We got used to the idea that USD & JPY run together, but sometimes (like yesterday) there is divergence. In this game we can ask guidance from the boffins, but we still have to own our own minds. The JPY crosses are still all running underneath their daily trendline. Hopefully we saw the top for the next week or two.
Let hope that 95.2 level on USDJPY hold. Maybe Ashraf can guide us on that.
Try publishing this in the UK weekend papers: Traders bet BankofEngland will raise rates to 6.25% --highest since 1… https://t.co/GWXrTEAk4R(9 months ago)
Poor start to a slow market day as Ezone PMIs disappoint. Im still keeping an eye on the rare (-2%) USD-GOLD combo,… https://t.co/UyRzWsRbs7(9 months ago)
-5% YTD is not good, while -7% from the year highs can be tough. Gold traders have their eyes fixated on this for n… https://t.co/NV5UMKsfNo(9 months ago)
ما وراء هبوط الدولار مع الذهب و من منهما يتمكن الارتداد؟
موعدنا الآن في غرفة شركة إكس أم لجلسة الأسواق
https://t.co/Y7tD0RxCS2
@XM_COM (9 months ago)
Jobless claims > 300k before next FOMC meeting would be ideal for Fed to make up for any CPI upside surprise (9 months ago)
"Cook & Eat at Home" scheme may come next to defeat UK inflation... (9 months ago)
Earlier in the week gold selloff was attributed to smaller than exp China EASING. Metal is now holding v well despi… https://t.co/ZW9cmXTPWW(9 months ago)
Gold, Bitcoin, USD Combo
I mentioned last week on here on how and why both gold and USD are falling together. Since then, the trend accelerated alongside another detail.
View Hot-Chart..
Where do you see USDJPY going before coming down in the channel towards the bottom?
In this game we can ask guidance from the boffins, but we still have to own our own minds.
The JPY crosses are still all running underneath their daily trendline. Hopefully we saw the top for the next week or two.
Let hope that 95.2 level on USDJPY hold. Maybe Ashraf can guide us on that.