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Gold & Yen's Perfect Desert Storm
Yen strength still eclipsing USD rebounds during risk aversion. while gold's ascent is better gauged against currencies other than the US dollar.
Watching silver since your article and cantos charts analysis couple of weeks ago and it seems like it might be reaching its trendline support. I am waiting patiently and was looking to get in long for medium term at arround 16-16.2(weekly charts).
Is there any chance you could give us some updates on it?
What would be main fundamental news to watch for etc.??
As you said silver is likely to outperform gold(medium term?) and I'm sure I'm not the only one that would like a piece of it.
Thank you in advance and hope to see you in Dublin some time soon.
Maciek
(You might not remember but mr. exotic currency from dublin here:))
No, fortunately I didn't - I'll wait and see what happens with tomorrow's data - oh right, and then there's Wednesday's FOMC statement. Thanks
Do you see any short term weakness of Yen again Euro ?
It looks like that Gold has now 1120 support level , what you think.where is the resisitence around 1200.
THE LAST TIME I CHECKED THE USDYEN CHART U CAN VERIFY THAT SINCE THE LAST MONTHS I.E SINCE THE STRENGHNING OF THE YEN, THE TREND HAS BEEN EDICTED BY THIS PATTERN; TILL WHEN IT IS GONNA LAST THE ANSWER IS PROBABLY WITHIN HOW DEEP THE ECONOMIC FINANCING WILL GO. IT IS SIMPLY A POWER PLAY.
THAT MIGHT SHOWS US A BREAK ON EITHER SIDE WHEN U HAVE THIS KIND OF PATTERN. ALWAYS CHECK THE MAJOR AND MEDIUM TREND TO KNOW WHICH DIRECTION ITS GONNA BREAK;
I DONT HAVE THE CHART BUT SEE IF U HAVE A PENANT OR FLAG.
SAID
It seems that maijor JPY crosses are making lower highs, doesnt it? So the risk aversion will continnue in next few days?
Could you please advise me why the Forex movements in US market time are so confused in recent days? All the pairs almost run in a small range with very weak volatility. Does this indicate something unusual with US market in upcoming periods?
Thanks and best regards,
Quang
Just wondering how you think USDCAD will rise this week. It appear to be very bullish last few days and I wondering you think it is a good price here to go long near 1.0630? You please tell your thoughts about this?
Thank you,
Maria.
Rob, i hope you did not get in at 1.46
Ashraf
Yes, indeed it does look likely. Thank you for the reminder! I'm going with the EUR/USD hot-chart as well - thanks for the information.
Could you please tell us your thoughts about the XAUUSD for this upcoming week? Could you also direct me to a good website that discusses the XAUUSD Fundamentals.
Thanks.