Pretty analysis. Just my one cent. Japan's GDP will be released this week. Might shrinked hugely. Printed money can't create economy.
nanningbob » Mon Aug 11, 2014 12:54 am wrote:Comments above pic below. We were tired of the tight ranging markets. Now when markets are suppose to range we are getting all sorts of excitement. Market volatility could increase so have fun.nanningbob » Sun Aug 03, 2014 11:36 pm wrote:OK this last week
Cad slide began to taper but was still downward across the board. I would expect to see some recovery or a breather here in its DT. If the USD run is over then CAD will come up as the USD goes down. If USD continues strong then the CAD probably will stay near the bottom.
OK CAD had a two day breather and then continued its slight slide. I did pick up some pips buying CAD but it was short lived. It continues to slowly slide down. Probably will continue to be near the bottom this week.
NZD slide continued early in the week but started to strengthen as the week wore on. It looks like it will follow the AUD back up. How strong will be the key. Watch the AUD if it keeps its 2nd place and stays high then I would expect the NZD to follow and regain at least some if not most of its drop.
AUD is sliding down and NZD is angling up. If AUD continues its slide down then the NZD recovery will probably be short lived. I will expect the NZD to rally some this week but after that we will see. AUD looks like it is going down for now as it crosses the 0 line. Look for AUD sells.
GBP stayed in the middle but seems to be drifting down. Eur and CHF caught up with it in the middle. I would be very interested in Eur/gbp and gbp/chf sells if they cross. However, Ukraine war news could send the eur and chf downward and probably take the gbp with it.
EUR and CHF continued to move up and the GBP stayed in the middle with a little slide DT. Ukraine will probably weigh on all three. Look for eur and chf to move up if Ukraine situation gets better, slide down if it gets worse. Russia's boycott of produce effect will be more in the future, short term dont expect it to have much impact. Look for eur and chf buys if news doesnt change it.
USD up up and away again, however, the news was mixed on Friday so I would expect it to level and start coming back down. However, it is still the #1 strong currency at the moment.
USD stayed on top but looks like its run has run out of steam. I will look to stand aside or play retracements.
AUD, JPY, USD angling down but wouldnt play JPY weakness yet. It seems to want to hang in there tough. Traders/market is not buying into JPY talking down its currency, Until JPY increases its bond sales I dont expect it to weaken too much. However, more shooting or fighting will cause JPY to strengthen.
China has put a ban on all political talk on SMS and text and internet chat rooms. Some of their airports have been closed for periods of time for miltary drills. This has disrupted some air traffic. Something is up especialy with the news that exports were up 14.7%. That is crap, I think its a total lie or money going out of the country being disguised as exports. I feel like I am sitting on a ticking time bomb here. However, nothing may happen. I am glad I sold my school and am free to move anytime I wish.
JPY beginning of the month drop but these have been small and limited lately. Probably again this month and strengthen later when the bond sales are done. Word is if JPY wants to weaken more it will have to increase its bond sales, however, BOJ is basically the only buyer of the bonds. Interesting dilemma, being the seller and buyer of your bonds. NO I dont want to try to explain that one. At least the USA was buying up bad mortgages and has a chance of getting some if not all of its money back in .................. ohhhhhhhhhhhh ......... 10-20 years. If we have enough inflation to move that dead paper up. Anyway chart is below.
OH almost forgot, some news stories are saying Iraq may have had a military coup. OH boy that should be fun. I am sure that could stir the price of oil some. Time to fire up the military jet and fly around some more. Glad cowboy Bush is not in there, sure glad we have ................ ah ........... hmmmmmmm ...... not going there.
