Tag Archives: EUR/JPY
A.M. Look 4/14/11
More one way bets are being taken off. I would look for at least another figure in EUR/JPY, 118.50 level seems the first good sticking point. We still want to put the cross on around 117 ( long Euro/Short Yen) … Continue reading
Yen Crosses…USD/JPY
The yen futures double bottomed last night showing that the one way train in the yen crosses was very long in the tooth and a correction was afoot. The first area to look to get some back on is off … Continue reading
Euro
There is a lot of focus on the Euro today after the ECB meeting. Just a reminder that 142.35 was last weeks close. Simply put you have to have closing price action under this level to have a chance at … Continue reading
A.M. Look 4/1/11 ….No Fooling
let us start with a few observations: 1) The Soybeans closed almost unchanged on the Qtr. closing under 13.965 ( Dec. 2010 close) will now act as your downside pivot. closing over yesterdays close will be your upside pivot. So … Continue reading
A.M. Look 3/30/11
Will wonders never cease? Once every decade the Central Bankers have someone on staff that can actually read a chart. I am speaking of the 1985 Plaza Accord, the 1998 Fed Intervention in USD/JPY that took it from 132 to 111 … Continue reading
A.M. Look 3/29/11
The Yen weakness is leading the Greenback higher across the board. I have been looking for this turn in the dollar off the qtrly close. 115.71 is the qtrly # for EUR/JPY to close above. Euro has been putting in … Continue reading
A.M. Look 3/28/11
The macro # sets have not changed in the Currencies or Oil from last weeks missives. We are paying close attention to the Metals and the Dollar this week, as it is Qtr end, to see if the Greenback can stage a … Continue reading
Euro….EUR/JPY…Yen Crosses
141.82 now becomes the key pivotal level for the Euro. Could it actually have a lower weekly close? Start selling the rallies until proven wrong against this level. Pay close attention to EUR/JPY and the shorter retraces. 115.71 is the … Continue reading
A.M. Look 3/21/11
We’re back to normal and it’s another “everything is wonderful Monday”. A few levels to pay attention to today, 1295 in the S&P is 1/2 the way back for this swing, The Aussie can still trade back up to 101.60 … Continue reading