* The US Dollar slid down about 0.5% into this weeks end after spending the week at 6-month highs. The Buck appears to be gearing up to pullback around 1% before testing resistance so my stance is bearish with a 1-3 week outlook. * The Great British Pound traded in a tight range compared to the average since Brexit. Sterling started last week off plunging to annual lows and accumulated through the rest of the week. I'm bullish on the Pound with a very long-term outlook but I wouldn't doubt the b…
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Nikkei 225 - USD/JPY Correlation
Last year around the summer time I've made this prediction about Nikkei 225, read more here: Nikkei 225 Will Revive Yen Bearish Trend?
Since than there have been many new developments in the market and the macro landscape has been reinforced itself as soon as BOJ has gone full tilt expanding their current QE programme, and BOJ has lunched QQE II on October last year. BOJ decided to increase its amount of monetary base from 60-70T yen to 80T yen, expanding their balance sheet even further.…
Since than there have been many new developments in the market and the macro landscape has been reinforced itself as soon as BOJ has gone full tilt expanding their current QE programme, and BOJ has lunched QQE II on October last year. BOJ decided to increase its amount of monetary base from 60-70T yen to 80T yen, expanding their balance sheet even further.…
Nikkei 225 Will Revive Yen Bearish Trend?
The Japanese stock market index Nikkei 225 is signaling that we may be on the verge of resuming current bullish trend (see Figure 1)and this may revive the Yen bearish trend.
If you're trading only the Forex Exchange market don't make the mistake of not watching others market for more clues, like the equity market or the Credit market which are having a big impact on forex exchange fluctuations. The world is much more complex and everything is interconnected so that's the reason why we'll have a…
If you're trading only the Forex Exchange market don't make the mistake of not watching others market for more clues, like the equity market or the Credit market which are having a big impact on forex exchange fluctuations. The world is much more complex and everything is interconnected so that's the reason why we'll have a…