Japan is predicted to see significant recovery flows. It that the driver behind the recent moves? Looking to previous major disaster in the land of the rising sun, it is quite hard to draw any conclusions at the moment. Guest post by FXPro Now, as back then, Japan is still the world’s largest creditor nation, … “The yen conundrum”
Category: Opinions
EUR/USD Rising In Impulsive Formation
Euro reached new highs in recent trade, reaching levels around 1.4250 Fibonacci resistance region where gains may slow down, since we are looking for a top of a fifth wave within an extended wave (iii). We know that after every five waves correction follows, which in our case would be only a wave (iv) pull-back … “EUR/USD Rising In Impulsive Formation”
The Aussie: down but never out
You only have to look at AUD/JPY to see the huge turn-around in the fortunes of the Aussie so far this week to see how resilient the Australian currency is proving to be. Around two thirds of the Aussie’s near 8% depreciation vs. the yen has been reversed, aided by a stabilisation of events in … “The Aussie: down but never out”
GOLD Ready To Gain Towards 1460
Gold recovered quite nicely since the market found the support at 1380 region. You will notice that commodity made only a 3-wave retrace from the recent highs. We know that only corrections are structured by three waves and as such new highs should follow in sessions and days ahead, since corrections always appear against the … “GOLD Ready To Gain Towards 1460”
5 Arguments for the Dollar, and 5 Against It
The roller coaster week ended badly for the US dollar, as the US Dollar Index closed at the lowest levels since December 2009, just under the previous low. Will it bounce back up from here, or is it a fast roll downhill from here? 5 arguments for the dollar, and 5 against it. Background The … “5 Arguments for the Dollar, and 5 Against It”
The yen undercurrents
The main bullish case put together for the yen right now is that Japan will see an unprecedented level of repatriation of overseas asset in the wake of the earthquake and tsunami. Drawing comparisons with what happened after the Kobe quake in 1995 is littered with pitfalls, making the case far less clear-cut than many … “The yen undercurrents”
USD/CHF Ready To Break Below 0.9200-Elliott Wave Update
Since the last update (published here), Usd/Chf moved into a range for a few days, before pair reversed back down 0.9200 support, which was tested this morning. Looking at the upadted chart, we can see a nice clear triangle completed around 0.9350 region. Guest post by Gregor Horvat We know that triangles unfold just prior … “USD/CHF Ready To Break Below 0.9200-Elliott Wave Update”
Forex Market Interview with Quantitative Strategist, David Rodriguez from
We are pleased to share a forex interview on this week’s major events and forex trends with the quantitative strategist at DailyFX.com, David Rodriguez specializes in statistical studies in currency trading markets and algorithmic trading systems for the Managed Accounts Programs offered by parent company, FXCM. He holds a degree in Economics from Williams College … “Forex Market Interview with Quantitative Strategist, David Rodriguez from”
Oil Price Reversal from $100/110 Resistance
Oil prices were sharply higher in recent weeks, gained well above $100 per barrel. Since this level was reached crowd become very bullish, someone are even calling $200 per barrel, but usually exactly the opposite reaction follows. Technically speaking, we know that market is just in a corrective retrace, that reached 61.8% retracement level against … “Oil Price Reversal from $100/110 Resistance”
Forex Trading with Tighter Clocks
The busiest time of the day in forex trading is about to expand from 4 to 5 hours. This will happen during two weeks when Daylight Savings Time comes into effect in the US and Canada, while European countries wait. Apart from this expanded busy time, some events will get closer, meaning more action. Let’s … “Forex Trading with Tighter Clocks”