5 Day Losing Streak for Yen

February 2, 2012

USD/JPY continued its five-day losing streak in early London time as it tests the 76.00 big figure.  At the time of writing USD/JPY is 76.05 which is today’s low so far.  We hear there are stop losses (large) below this figure but margin traders are holding the support line at the moment in the hope [...]

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Reader Mailbag: “Two words for delusional China bulls: PER CAPITA”

February 1, 2012

We got some good feedback from our article on Friday. Below are a few reader comments and our responses. Enjoy. (And keep the comments coming.) Tags: reader mailbag, PER CAPITA, reader comments

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ECB and IMF lift spirits. One Question: Who backstops the backstop?

January 31, 2012

I recently succinctly summarized my view of stocks with the Wily Coyote analogy. I got one very good succinct comment, and I am paraphrasing; I agree with you Jack but you have missed a lot of profit along the way. I can’t argue with that. Neither technically nor fundamentally did I expect stocks to break [...]

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USD/JPY looking familiar

January 31, 2012

After reaching 78.27 last week on concerns over Japan’s first monthly deficit in nearly 30 years and a decline in growth outlook, USD/JPY started this week in familiar territory again 76.60 – 76.80.  Other than Japan’s Jobless rate tomorrow, there isn’t much news to trade with.  Perhaps of more interest is the EUR/JPY movement where [...]

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Market Expectations

January 30, 2012

EUR/USD spent the day consolidating after peaking at 1.3183 yesterday.  If the technical traders are right, we may have seen the high for a long while and the completion of a technical retracement which began from 1.2624 (16 Jan).  However we’re not totally convinced and we cautiously think 1.3244 may be the top if 1.2950 [...]

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