Tag Archives: Yen
A.M. Look 1/16/13
USD/JPY…is winding up for another move. If the chart pattern in AUD/JPY is true, ( ORL day) yesterday with follow through last night, this could be the start of a rebound in Yen Futures. The dollar point & figure is … Continue reading
A.M. Look 1/15/13
Yen Futures…113.45 (app 88.14 USD/JPY) is the first minor resistance. EUR/JPY…stops are below 117.59. 116.85 should be a level for a bounce the first time down. AUD/JPY…put in a new high by 2 ticks last night and is now in … Continue reading
A.M. Look 1/11/13
Spu’s…are back to last years high. Only a close in the equity indices under yesterday’s low would cause liquidation. By remaining firm after 12:30 CST we would expect another late day melt up into the close. Oil…92.75 is the weekly … Continue reading
Yen Futures
It will take over 114.53 to start running out the long term shorts. Under App 87.25 ish USD/JPY
A.M. look 12/20/12…W/Trade Alert!
Oil…91.45– 92 is the next significant resistance area. 30 yr. Bonds…we are going to sell the Bonds “which = buying TBT” with a tight stop…at the 147.14-20 level. We want to start small with a 25% position. Euro…held macro pivots … Continue reading
A.M. Look 12/19/12…W/ Oil Trade Alert!
Euro…as long as the Euro stays over 131.30 close it will stay firm with a tgt around 135. Yen…as long as the Yen futures do not close above 119.80 it has a destiny with lower prices. Oil…we’ll look to add … Continue reading
A.M. Look 12/17/12
Gold…we’re still alive, however this will need to sustain and close over 1702 for higher. The stop remains… 1687 intra-day all session (GTC) good till canceled. Oil…the range is tightening. Price action below 86.30 will find new sellers, however we … Continue reading
Yen Futures…EUR/JPY
The Yen move is mature, meaning it’s moved 1000 pips since the end of Sept. 800-1000 points is a big std deviation move in the currencies. It’s very oversold and in need of a rest. Sustained price action over 119.92 … Continue reading
A.M. Look 12/14/12
Currencies…we’re not touching anything until Monday, mid morning. Euro/Gold & Suisse/Gold…are hanging around the 200 day again. This will make trading the Gold difficult, so we’ll just leave our stop alone. The worst thing that happens is we make some … Continue reading
A.M. Look 12/13/12
Gold…needs to hold right in here where we originally purchased it. Platinum…needs to maintain above 1600. We looked at platinum because it’s a risk indicator. Nasd…needs a close over 2700 for higher. It’s presently wallowing around the big mvg avg’s … Continue reading