Tag Archives: usd/jpy

A.M. Look 10/3/12

Posted on 10/03/2012

Eur/Aud…has been the feature in the currencies. 125.50 is support with resistance coming in +- a few ticks either side of 127, followed by the next big figure of 128. Soybeans…are at their first initial tgt of 15 dollars, however … Continue reading →

A.M. Look 10/2/12

Posted on 10/02/2012

Bunds…140.96-141.01 is support. 142.31 is resistance. Were watching these levels for clues as to direction off the DAX/BUND spread. Copper…maintaining over 377 keeps a positive tone with 382 ish being near term resistance. General Comments… The Equity Indices are still … Continue reading →

A.M. Look 10/1/12

Posted on 10/01/2012

Spu’s…stops are below 1425 and above 1445. Euro…128.23 is the 200 day mvg avg. 127.44 is the next fib support. EUR/JPY…price action under 99.62 is needed to keep pressure on the Euro. General Comments… Use Friday’s closes in everything for … Continue reading →

A.M. Look 9/28/12

Posted on 09/28/2012

Euro…129.59 is unchanged on the year. Presently it’s struggling. 30 Yr….150.16 is unchanged on the month. General Comments… I’m not remotely interested in anything that happens today. It’s all about the closes! Qtr end markings are not a game we’re … Continue reading →

A.M. Look 9/27/12

Posted on 09/27/2012

Metals…Yesterday’s lows in the Gold, Silver & GDX should be used for short term money management on Long positions. Miners… BHP…66.81 was the 2/3rds coming back on the month. This needs to bounce from this level or lower levels will … Continue reading →

A.M. Look 9/25/12

Posted on 09/25/2012

Gold…there are resting sell stops starting below 1757 with more under 1750. There are resting buy stops above 1800. Silver…35.25 is the upside closing break out. There should be small sell stops below yesterday’s low. GDX…the miners don’t act particularly … Continue reading →

A.M. look 9/24/12

Posted on 09/24/2012

Euro…128.28 is the 200 day mvg avg. AUD/USD…103.78 followed by 103.40 is the near term support 30 yr. Bonds…148.16 resistance Oil… 91.44 close is the downside pivot General Comments… We’ve seen a small sell off in risk assets, coupled with … Continue reading →

A.M. Look 9/21/12

Posted on 09/21/2012

Intermediate near term Pivots… Oil…as long as the Oil remains above 91.44 close it has a positive bias. Spu’s…closing below 1450 puts this on the defensive. Closes above 1462 are positive. Nasd…2840-45 now becomes our downside pivot. Closes above 2860 … Continue reading →

A.M. Look 9/20/12

Posted on 09/20/2012

USD/JPY…79.22 will be our macro pivot. ( App 126.40 Futures). Look for this level to run the Yen crosses against the Commodity Currencies. Use the crosses as the general risk tools they’ve been all year. CAD/JPY…AUD/JPY up, it’s Risk On. … Continue reading →

A.M. Look 9/14/12

Posted on 09/14/2012

AAPL…a close today over 682.48 is needed for an ORH week. Euro…is trying to complete the first major Fib swing on a 2 year look @ 131.50. GBP/USD…stops are over 163.05 tgting 164.20. EUR/JPY…102.54-86 CAD/JPY…sustaining and closing over 80.86 should … Continue reading →