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plungeboy replied Feb 5, 2016The U.S. dollar rebounded against a basket of major currencies on Friday after data showed a pickup in U.S. wages in January, suggesting greater inflation and denting the view that the Federal Reserve would not hike rates at all this year. U.S. ...
USD/JPY Discussion
- plungeboy replied Jan 31, 2016
I think it will retrace around 120.50 before trying to push higher
USD/JPY Discussion
- plungeboy commented Jan 27, 2016
How could you possibly get a rise in prices in an environment of overproduction, even at a capacity utilization under 80% ? And they are still searching economic development... LOL
FOMC Statement
- plungeboy replied Jan 27, 2016
Seems today it will give us some answers about future direction. H4 timeframe:
USD/JPY Discussion
- plungeboy replied Jan 26, 2016
A deal between OPEC and non-OPEC producers won't change anything, the price will rise and bring back in the game the shale producers and the glut. The falling in oil prices is a result of ultra-loose monetary policy and ZIRP-environment who permits ...
How to avoid stopp loss...anyone doing that?
- plungeboy replied Jan 26, 2016
USDJPY from 2011-present it's all about QE and more QE. Check these data on the weekly chart: In early October 2010, the Bank of Japan announced that it would examine the purchase of ¥5 trillion (US$60 billion) in assets. This was an attempt to push ...
USD/JPY Discussion
- plungeboy replied Jan 26, 2016
The collapse of Japan, especially of the BOJ intervention in FX markets during 2003-2004 is a perfect example of politics failing to prop a broken market. And yet, today we are leaving in a world of QE programs implemented by the central bankers ...
USD/JPY Discussion
- plungeboy commented Jan 25, 2016
They are drowning in oil and talking about future demand 25 years from now, when oil-based energy will be long gone btw, The suits think they can move the market with those fictions.
)))Opec pleads for Russian alliance to smash oil speculators
- plungeboy replied Jan 25, 2016
Some history of the pair: 1998 - Asian financial crisis sees yen weaken to nearly JPY148 in August, even after US authorities join the Bank of Japan to buy JPY, spending $833m, in June. In October, USD tumbles from near JPY136 to 111.50, as carry ...
USD/JPY Discussion
- plungeboy replied Jan 25, 2016
Support level at around 116 will be defended by the BOJ with every bullet left, look how these levels behaved from 2000 until 2003 in the second chart. Shorters beware
USD/JPY Discussion
- plungeboy commented Jan 24, 2016
The downgrade will affect their bond prices, more volatility ahead.
Moody’s may downgrade 120 oil and gas companies, 55 mining companies
- plungeboy replied Jan 24, 2016
Bloomberg, 24 Ian 2016: Bank of Japan Governor Haruhiko Kuroda has preserved his capacity to surprise the market when his policy board meets this week after using his trip to Davos to play down the impact of recent turbulence on Japan’s economy. "At ...
USD/JPY Discussion
- plungeboy replied Jan 24, 2016
They are politicians, hence they're carefully choosing their words.... It's not "a deflationary mindset", Japan is falling back into deflation for months now. Check Core CPI for the last 5 years. If BOJ doesn't deliver more QE the music stops and ...
USD/JPY Discussion
- plungeboy replied Jan 23, 2016
If the stock market continue to search direction at actual levels I think there's good chances for a break up from the blue rectangle. Long trend is clearly bearish. Quite new in TA, so any suggestions are welcomed.
GOLD with Gemy
- plungeboy replied Jan 23, 2016
Hi everybody, I'm new in TA, so every suggestion, good or bad, will be appreciated. Thanks in advance. These are my daily charts. Seems like everybody is expecting more easing from Kuroda.
USD/JPY Discussion
- plungeboy commented Jan 22, 2016
Or, put it another way...Yellen gives Draghi a fortunate helping hand in mantaining his QE effects in the cards. How could she possibly be wrong ? LOL
Draghi gives Janet Yellen an A+ for rate hike
- plungeboy commented Jan 22, 2016
It's all about keeping expectations alive...even Draghi said it yesterday
)ECB's Coeure: QE is working
- plungeboy commented Jan 22, 2016
It seems he's saying that conversation next month will not be on tapering, but the reasons which can lead to taper and focusing on other interventions
ECB's Coeure: QE is working
- plungeboy commented Jan 21, 2016
You must also look at distillates an gasoline stock movements..in's the same liquid in different forms. Crude inventories are up 3.97M vs 2.81M estimate, BUT gasoline inventories are down -4.56M vs 1.37M estimate, which means more crude will be ...
US EIA oil inventories +3979 vs +2200K