Will be entering an Initial Short Position now and will be entering a Deeper Position if after the Bank of Japan releases their minutes tonight we don't see a sudden decline in the JPY to invalidate the pattern.
USD/JPY consolidates the biggest daily gains in 12 days, recently off intraday low. That happened after BOJ Minutes unveiled a conversation on the impacts of the weak yen on the Japanese economy, a few members backed ultra-easy policies. While discussing the impacts of the weaker yen on the economy, a few of the BOJ policymakers backed ultra-easy measures citing...
Hello Traders, USDJPY ready to retrace back for creating an opportunity to seek new highs before Bank of Japan's interest rate decision. 4H chart formed a H&S pattern and the target is 112-112.30 area. I am going to watch the triangle trendline to be broken down and open my position regarding to that. Trade safe and stay safe! Likes and comments are...
For tomorrow, at 2 a.m. in the New York Time, Japan have a meeting by the Japan Central Bank to know the Japan's monetary policy. It's important to know how is the situation based in the interest rates in the Japan. I believe that this par could to produce a sell-off of US Dollar, maybe, I did open up the short position of the par because we hope a good news of...
THE YEN WILL BECOME RADIOACTIVE WITHIN THE DECADE!
The main event of yesterday in terms of macroeconomic statistics was the publication of statistics on the UK labor market. The data pleasantly surprised. Recall that we expected rather weak statistics - the British economy has been painfully unconvincing in recent times. Nevertheless, the UK economy for three months until November created 208K new jobs, which is...
Monday turned out to be a fairly calm day for financial markets. The reason on the surface is a day off in the USA. So today it will almost certainly be more volatile and interesting. The Bank of Japan set the pace to the news background early in the morning. Monetary policy parameters were left unchanged. The press conference will be somewhat later than the...
US President Donald Trump has been impeached by the Democratic-led House of Representatives for obstruction of Congress and abuse of power related to his dealings with Ukraine. The votes made Trump only the third president in United States history to be impeached and set the stage for a likely trial in the Republican-led Senate in January. This event has already...
Let’s analyze the key events of yesterday. Consumer confidence in the Eurozone is rather depressed, as indeed the entire economy of the Eurozone. But at the same time, the euro did not show any specific movements. The dollar, on the contrary, despite the relatively good statistics, was losing its way. Preliminary data on US GDP for the third quarter came out...
The Brexit date is set to be delayed until 31 January Again. Johnson, as promised, asked parliamentarians to call early elections in December. He has failed to win on Brexit. Johnson said that he would make another attempt today and said that without early elections, it would not be possible to ratify the agreement with the EU. Today will be the last relatively...
The pound is a focus of attention of the forex market. Because Brexit is entering final straight. Yesterday the European Commission's chief negotiator Michel Barnier said that Brexit deal within reach in last-ditch talks, but doubts remain. And then there was information that the legally agreed text will be presented to the delegations of the EU and the UK no...
Last week proved quite eventful for financial markets. More than we expected. The Federal Reserve cut its fed funds rate on Wednesday by 25 basis point to a range of 2% to 2.25%. Fed Chairman Jerome Powell said, “It's not the beginning of a long series of rate cuts,”. The current rate cut is a reaction...
Powell's more hawkish than expected commentary after he announced a 25bps rate cut and indicated that there would be no further rate cuts going forward USDJPY jumped from 108.7 to 109.2. We expect the currency to keep rising in particular if the global economic growth is not weakening and there is no worsening in trade relations between the US and China as the YEN...
At the last meeting, the Governing Council of the European Central Bank (ECB) decided that the interest rate remain unchanged. Also, Mario Draghi said that officials had not discussed the rate cut. Accordingly, the euro has a good chance this week to rebound from the medium-term range lowest level. In this regard, our position on the euro - we buy primarily...
OANDA:NZDJPY Observations: 1)NZ$ is overextended 2)BoJ 'fake news' about Kuroda talking about Japan's inflation are not 'fake' 100% things may be picking up. 3)Yields are @#$#Q@%$# serious disconnect between reality and Spot price behavior. Trading Mantra: "Never risk the house for pennies."
FX:USDJPY 1)Bearish as price actions keeps drifting lower below 50-EMA 2)Kuroda's YCC is a joke! That's all it is. Mother forgive...
Usdjpy continues to maintain bearish market structure.
GJ has began its fall, and there is a very large range to fulfill, the question is, what fundamental movement in the market will drive the plummet and to what extent? Many complex factors will fuel the move down, and it is imminent.