FX:US30   Dow Jones Industrial Average Index
Major part of the rally in US stocks since late 2012 appears to have been fuelled by Yen carry trade. Remember Bank of Japan was the first one to fire and the stage was set after Abe             came to power. BOJ announced easing in April 2013 and followed it with another surprise in October 2014.

BOJ's aggressive actions also forced ECB and other central banks to press the easing button.

However, the situation now is Yen is not in mood to weaken, markets are not responding positively to aggressive central bank actions and oil             has already doubled from its bottom in February. Moreover, oil             helped indices recover from Feb lows even though funding currencies like JPY, EUR were on the rise.

Hence, oil             better stay resilient other wise, odds of a corrective move in Dow would rise. From technical perspective a break below rising trend line (black) could bring in chart driven bears as well.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out