Ashraf- I was hoping you could comment on USDJPY. I was surprised at the move today, as I consider the US to have the stronger economy, lower national debt, and to be closer to tightening monetary policy. Does this move reflect market perception that Europe contagion is likely to hit the US to a far greater degree than Japan? Since the market is likely to continue in a risk averse orientation, what should we expect going forward for USDJPY?
Ashraf- Looking technically at GBPJPY, the break below 139.00 was significant, since that level provided support going back to March 09. We also have a declining upper trendline that started in January. On a purely TA basis, I am tempted to start scaling in short soon, but also sense from your comments that we are likely to see further Yen weakness. Can you provide any comments on the pair?
Many thanks, and by the way I am learning a lot every day on this site.
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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 (10 months ago)
Jobless claims > 300k before next FOMC meeting would be ideal for Fed to make up for any CPI upside surprise (10 months ago)
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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(10 months ago)
I was hoping you could comment on USDJPY. I was surprised at the move today, as I consider the US to have the stronger economy, lower national debt, and to be closer to tightening monetary policy. Does this move reflect market perception that Europe contagion is likely to hit the US to a far greater degree than Japan? Since the market is likely to continue in a risk averse orientation, what should we expect going forward for USDJPY?
many thanks
There is a lot of news out today about China inflation, potential tightening, etc. I am curious as to the potential impact on JPY.
many thanks
Looking technically at GBPJPY, the break below 139.00 was significant, since that level provided support going back to March 09. We also have a declining upper trendline that started in January. On a purely TA basis, I am tempted to start scaling in short soon, but also sense from your comments that we are likely to see further Yen weakness. Can you provide any comments on the pair?
Many thanks, and by the way I am learning a lot every day on this site.
http://yovia.com/blogs/cumbucotrader/
I'm still a relative forex novice, so feel free to poke holes in my thesis. Comments welcome.