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Category: Opinions

Abenomics will accelerate Japan’s descent into financial crisis

Japanese finance minister Akira Amari sounded warnings this week that the dramatic fall of JPY had gone far enough, yet the fundamentals of Japan’s economy are so dire that further falls in the currency are highly likely.

The verbal intervention stabilised USD/JPY just above the psychologically key 100 level. However, it looks like 110 is still in the cross-hairs as the US Federal Reserves is stepping up the rhetoric on slowing and eventually ending its quantitative easing programme. But over the longer term, there is potential for USD/JPY to go a lot lower as Japan faces a looming fiscal crisis.

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USDCHF: Sideways Within Uptrend; Be Aware Of a Break Higher
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USDCHF: Sideways Within Uptrend; Be Aware Of a Break Higher

USD/CHF is trading in a slow, choppy and sideways manner during the last few days. This is a personality of a corrective price action. Therefore, we think that Dollar/Swiss  is trapped in a wave four position, which could be forming a triangle in the 0.9580-0.9760 range. If that’s the case then the pair will stay

Published by on May 22, 2013 10:53
GBP/USD: Trading the British Secondary GDP
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GBP/USD: Trading the British Secondary GDP

British GDP is a measurement of the production and growth of the economy. Analysts consider GDP one the most important indicators of economic activity. Thus, publication of British Secondary GDP could have a significant impact on the movement of GBP/USD. A reading which is better than the market forecast is bullish for the pound, especially

Published by on May 22, 2013 10:45
USD Index: Corrective Pull-back To 83.30/83.50 Within Larger Uptrend (Elliott Wave Analysis)
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USD Index: Corrective Pull-back To 83.30/83.50 Within Larger Uptrend (Elliott Wave Analysis)

The US Dollar index is trading lower from recent highs, and this now appears to be the start of a deeper corrective retracement. We are tracking a wave 4) pull-back now as we can already count a completed five sub-waves in red wave 3). As such, the current bearish waves are only temporary and should

Published by on May 21, 2013 10:10
USD/JPY: Trading the US Existing Home Sales
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USD/JPY: Trading the US Existing Home Sales

The US Existing Home Sales indicator is released monthly, and provides analysts with a snapshot of the health and direction of the housing sector. A higher reading than the market prediction is bullish for the dollar. Here are all the details, and 5 possible outcomes for USD/JPY. Published on Wednesday at 14:00 GMT. Indicator Background

Published by on May 21, 2013 09:58
GOLD Bearish Reversal in Progress, Could Hit 1300 – Elliott Wave Analysis
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GOLD Bearish Reversal in Progress, Could Hit 1300 – Elliott Wave Analysis

GOLD reversed nicely, in a perfectly lower manner from the $1490 area seen two weeks back to where the base channel turned into a resistance line as discussed in our latest video analysis. Notice that the fall from that zone is now very sharp, showing evidence of an increase in volume and momentum, so we

Published by on May 20, 2013 10:59
USD/JPY Technical Update: No Pullback So Far – Where Next?
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USD/JPY Technical Update: No Pullback So Far – Where Next?

Dollar/Yen is trading over 300-pips above the key psychological 100.00 round number area, after breaking above the consolidation range resistance on the 9th May. There has been no pullback to the previous resistance area during subsequent trading and this remains as a key technical point of interest going forward – with any retrace to this

Published by on May 19, 2013 11:00
AUD/USD: Where next after the collapse? A look at the big levels
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AUD/USD: Where next after the collapse? A look at the big levels

The Aussie crashed against the US dollar. It lost the long term range, the parity line and then the uptrend support line that accompanied it since mid 2011. Where is it headed now? Some think it could fall as low as 0.60. Here’s a view at the levels lost and the big levels ahead. The

Published by on May 18, 2013 18:22
An end to QE and what it means for Forex
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An end to QE and what it means for Forex

Central banks through measures such as quantitative easing managed to stave off a global financial collapse and a repeat of the great depression, but unwinding these policies is likely to unleash a new wave of volatility in currency and asset markets. On Thursday May 16, the IMF in its Global Financial Stability Report and World

Published by on May 17, 2013 16:53
EURUSD: Bearish Cycles Remains In Play – Elliott Wave Analysis
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EURUSD: Bearish Cycles Remains In Play – Elliott Wave Analysis

EURUSD reversed slightly higher yesterday from 1.2840 support but not for long as the  recovery found resistance very soon, so it was probably just a fourth wave within larger wave 3 down. As such, our bias remains unchanged: we are looking for weaker EURUSD, towards 1.2800 as the next projected target where we could see

Published by on May 17, 2013 10:09
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