The Latest USDJPY Update From the Savvy Trader This is the latest update from a long time, highly respected Global-View member who called the top at USDJPY 162. I thus nicknamed him the savvy trader who has been kind enough to share his latest view and strategy. A USDJPY Update From the Savvy…
What is the Surge in Gold Saying About the US Dollar? With XAUUSD topping 2500 to set a new record high on Friday, the question is whether this is a speculative bubble or is there more to the surge in the precious metal? When I read that Costco has generated an estimated $100 million…
EUR/USD: Wall Street Triumphs Over the Dollar ● The Dollar Index (DXY) fell throughout the beginning of the week, while the EUR/USD pair rose. This was due to the after-effects of the “Grey Friday” on August 2 and the “Black Monday” on August 5, which we covered in detail in our previous review. The EUR/USD…
The currency pair may experience more downsidesSellers remain dominant in the market at the moment. USDJPY Weekly Price Analysis – August 16 The USDJPY pair is dropping and may experience more downsides as the bears remain dominant. The Yen price could continue sliding if the bears add more aggression to their selling pressure to boost…
A USDJPY Update From the Savvy Trader I posted an article entitled A Bold Prediction for USDJPY I listed a series of forum posts from one of our long-time and highly respected Global-View community members, whom I called a savvy trader. As you can see in the article, he called the top in USDJPY…
Weekly Charts Analysis USDJPY DAILY CHART – Time to take a breather? USDJPY pattern is 5 down weeks in a row. To break this pattern, 147.90 would need to be broken. Otherwise, there could be an inside week. On the downside, if I was the BoJ, I would look to defend the 141.68 low.Current consolidation…
EUR/USD: “Black Monday” Following “Grey Friday” ● The past week did not begin on Monday as usual but rather on… Friday. More precisely, the key event that shaped the dynamics of the dollar was the release of US labour market data on Friday, 2 August, which caused turmoil in the markets. The US Bureau of…
The currency pair is preparing for the next upward rally.Sellers remain dominant in the market at the moment. USDJPY Weekly Price Analysis – August 9 The USDJPY pair is preparing for the next upward rally as the Yen price faces the resistance trend line. The pair gave a bullish breakout from the daily $147.90 level,…
The Japanese Yen pulls back from six-month highs due to slowing unwinding of carry trades. The downside of the JPY could be limited due to increasing odds of further rate hikes by the BoJ. The US Dollar faces challenges from rising expectations of a 50-basis point rate cut by the Fed in September. The Japanese…
Weekly charts Aug 3. USDJPY WEEKLY CHART – WEEKLY OUTLOOK It took 18 weeks to go from 145.89 => 161.93 and 4 weeks to almost fully retrace the move. Potential targets are at 145.89 (and 145.00) as long as it trades below 148.50. Beyond that is a void to the 140s. Only back above…