Coordinated Intervention To Weaken the Yen?
The Bank of Japan announced an immediate emergency meeting to begin very soon – Monday 00:00 GMT. There are expectations for new easing steps to boost the economy. But there might be more – Will we see a global coordinated intervention to weaken the yen? Yen crosses are already on the rise. The governor of [...]
GBP/JPY Outlook – June 21-25
The Chinese government finally made its move and promised to let the Chinese yuan trade more freely – appreciate against the dollar. This announcement on the weekend will have a positive impact on the Japanese yen across the board. The most interesting cross is GBP/JPY. Here’s an update on the situation and on the technical [...]
Crosses for Avoiding American Risk Events
When you’re trading on a news event from some country, a cross may be more suitable – this bypasses the uncertainty with American releases and the unexpected reaction to them. Fundamental traders check the fundamental economic indicators, interest rates and prospects and act according to them. When a good figure is published for certain country, [...]
Dollar Bulls Raging – Will the trend continue?
The US dollar is on the move – fresh American data and fresh European worries send EUR/USD to new lows.Also other currencies are surrendering to the dollar – the US dollar index gave us signs of this breakout last week. Now it happens. You can guess which currency stands firm against the dollar. A sustainable [...]
GBP/JPY – Another Attempt to Break Higher
The Geppy is enjoying risk appetite and other elements to make another attempt to break higher. Will it make it? Update on the forces moving this cross. GBP/USD enjoyed the weekend gaps to jump over the strong resistance line against the dollar. After slipping back down to the critical level, it got a boost:
Dollar Rallies on Job Gains
It finally happened – the American job market gained 162,000 jobs in March. The highest gain in 3 years sends the dollar higher across the board. Not all currencies affected equally. NFP Analysis. Non-Farm Payrolls rose by 162K. This is the first time that the Department of Labor reports a rise in jobs in the [...]
GBP/JPY and the Non-Farm Payrolls
GBP/JPY completed a strong move up and stalled at the resistance line. At this new crossroad, the American Non-Farm Payrolls could help it make a decision. After breaking the 140 area, the Geppy moved quickly towards 143.60, which was the peak in the middle of February. Will it fall back down towards 140? or continue [...]
GBP/JPY Breaking Higher
The British Pound got some great news, managed to climb. While GBP/USD stopped at a resistance line, GBP/JPY managed to break higher. Update on both pairs. British Nationwide HPI rose by 0.7%, significantly higher than the early expectations for a 0.2%. This important house prices index showed that the dip in house prices last month [...]
GBP/JPY at Crossroads
GBP/JPY is in a collision course between an uptrend and a downtrend. As both the pound and the yen are losing to the dollar due to each country’s internal problems, the technicals will speak. GBP/JPY uptrends and downtrends. Click to enlarge: GBP/JPY was trading in an uptrend during February and it traded around 143.50 at [...]
Pound Unimpressed From Better GDP
British GDP was revised to the upside, and even better than expected. This hardly helps the Pound, that struggles under a strong resistance line. According to the second release of British GDP (Gross Domestic Product), the economy grew by 0.3% in the fourth quarter of 2009. This is an upwards revision from the initial release [...]
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