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The Yen Plummets

USDJPY Technical Update – Week Of 18th February 2013 – Ichimoku Analysis

by Nick Simpson, Forex-FX-4X

  • The Japanese yen plummeted on Friday as global policy makers attempted to talk down concerns around the so called "currency wars" and advised they did not intend on interfering with Japan's monetary policy efforts.
  • The USDJPY pair subsequently rallied around 1% after hitting technical support in the 92.21 region.  EURJPY likewise experienced a 1% daily gain.
  • We note that the greenback has risen 17% versus the yen since November 2012.

Follow up:


This Week’s Top 5 Market Movers: Variations On The Prevailing Themes

by Cliff Wachtel, Global Markets

A market outlook for traders and investors in all global risk asset markets, focused on stocks and currencies

As we discussed in part 2 of our post on last week’s lessons for this week, the things that have really moved markets over the past months have been:

  1. Hopes for more stimulus
  2. Entrenched technical momentum
  3. Excessive complacency about EU risk

Sure, actual economic reports occasionally have had some influence. For example, last week’s weak EU GDP figures had some fleeting effect.

Therefore with the above in mind, note how most of the below market movers are variations on at least one of the above 3 types of top market moving events.

Follow up:

Read More... Short-Term Technical Readings
02/15/2013 Technical Analysis (as of Thu, 14 Feb 2013 05:00pm EST )

by Staff,

Below, technical overviews and analysis for key stock indices, commodities and pairs, based on market activity at the end of today's (14 February 2013) U.S. session. This information is a comprehensive summary derived from simple and exponential moving averages along with key technical indicators shown for specific time intervals.

Follow up:


GBPUSD: Multi-year Triangle Consolidation

GBPUSD Technical Analysis Update – WC 11th February – 2013 – Triangle Consolidation Pattern

by Nick Simpson, Forex-FX-4X

  • Cable has seen a corrective move higher, after hitting the lowest level since August 2012 (1.5628) earlier in the week.  The longer term chart below (fig 2) shows the pound/dollar pair is  trading within a triangle consolidation pattern and has now hit the lower trend line – a key technical area.
  • GBPUSD is now trading at a longer term price pivot and has closed the week above the 1.5757 previous support/resistance flip, but under the 1.5826 prior swing low (see fig 1).
  • With the above in mind, we would not be surprised to see an element of consolidation in this 1.5750 – 1.5830 zone in the near term.

Follow up:


Current Market Conditions:


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