D-Rod
Long

Euro Bulls to come b4 ASIAN news..?

FX_IDC:EURJPY   EURO / YEN
273 13 4
with congress having to have dumped a water bucket on Yellen.. there's a good chance it will happen again & people will turn to the -Euro-. -JPY-Gdp- M/M & Q/Q is this coming sunday & it's expectations are HORRIBLE.. Also -china- will release trade balance that day as well & its expectations are horrible.. I've check the Japan bonds, the Nikkei & found nothing as 2 why its been appreciating. I'll do more digging. Please know the purpose behind BOJ going into negative rates.. BOJ wants people to spend money while its collecting money.
Comment: found out why YEN appreciated lately... Gov. Kuroda gave a positive statement which I didn't see.. =( .. here's the info.. http://www.boj.or.jp/en/announcements/press/koen_2016/data/ko160203a1.pdf Gov. Kuroda said this at the end.. - It is no exaggeration that "QQE
with a Negative Interest Rate" is the most powerful monetary policy framework in the
history of modern central banking.
Comment: it bounced off trend support.. im looking to buy at 126.4 -126.8 level
Comment: order is in at 126.35
Comment: Exited with 120 pips =)
Comment: figured Draghi speech was 3.3 GMT.. ooh well ill be looking to get back on this if his speech is good.
in other words, yen will get cheaper and people will borrow more and spend more (align with what BOJ wants to stimulate economy spending) and the big boys use the yen to invest in other higher interest instruments that pay higher interest. Are we on same page?
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Yen 2 get cheaper.. but that hasn't been the case since a day or so after the announcement.. I have yet 2 find why the Yen has appreciated.. maybe BOJ sold some foreign assets or something & im aware of what Japan trades...so I do follow.
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wedge form on 15 min. im buying the breakout
wedge form on 15 min.
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is it active Rod?
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D-Rod arturt
i exited with + 120 pips. im not taking the chance 2 loose it from Draghi's speech
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arturt D-Rod
i am on usdjpy do yo uthink is time to short it?
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D-Rod arturt
short it..?? not my style since JPY Gdp came out 2 be worst..& FOMC Minutes is this Wed. Note I believe some1 of BOJ said they are prob going 2 intervene in the Forex market becuz JPY is getting 2 strong.. Its an exporting country & its currency needs 2 look more attractive. I'd buy UJ if FOMC Minutes comes out good
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arturt D-Rod
tahnks Rod , i will keep it in belive that 116 will be reached
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D-Rod arturt
know that Markit Sentiment on USD has gone done dramatically.. I would count on it going to 116. unless after a good FOMC Minutes...idk how much pips u have but it doesn't look pretty.. look 4 the chart im about to post & remember Markit Sentiment on USD is down becuz of the moments with Yellen
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D-Rod arturt
u
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D-Rod arturt
if it goes down about 60 pips.. since my post chart.. well then u got a FLAG & I would immediately get out.
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arturt D-Rod
what do yo uthink about GBPcHF?sell or buy in long term?i wwould go for sell
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D-Rod arturt
its quite A$$. No1 in BOE believes its ready 4 a hike.. & There is Brexit fears and or the new deal are striking fear in the investors. GBP is so low against chf that I find it hard it can go sooooo low.. but who knows. from 2002-2006 is the time of Modern Living.. look at how gbp did against chf during that time.. soo having that in mind..id look 2 buy gbp once its economy starts 2 need a higher interest.
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