Summary
Yen slips to 34-year low at 151.97 per dollar
Finmin Suzuki says authorities could take ‘decisive steps’ Phrase was used ahead of previous intervention in Oct 2022
Analysts warn yen weakness in yen risks domino effects
Japan makes strongest intervention warning as yen hits 34-year low
same old same old “news” same old same old blabla
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Bank of Canada sounds alarm on low productivity, cites inflation risks
EXPERT
“who has been studying initial public offerings (IPOs) for over 40 years”
and still as befuddled as newborn calf eyeballing newly painted barn door
Clearly very early (pre-stock market open) currencies and other markets were inconsistent, as was the case yesterday. At the moment 10yr yield and Eur are both negative, which is not consistent. The activity across markets this week has been as if to shake off the prior week’s intensity. Quarter end results and other issues as well.
NAS100 4 HOUR CHART – Consolidating for now
As I have said, if using CFDs, pricing can vary between brokers, even for the same symbols so look at the chart pattern as it should be similar to what you are showing on your chart.’
Looking at this chart, 18,000 seems to be the level that will keep a bid under this market as long as it holds.
This is one of my trading tips posted in our blog. It is a timely one for today.
Complacency Can Be a Traders Worst Enemy
…I am not saying to stay glued to your screen but just be aware that it pays to stay on alert. Markets have a tendency to move when traders give up on the day and get lulled into complacency….
See the full tip in Jay Meisler’s Common Sense Trading Tips
EURGBP 4 HOUR CHART – Bid but consolidating
I am posting a 4-hour chart to show the key level at.8602
Offset GBP selling out of this cross is one reason why GBPUSD failed to test 1.2674 (cited earlier) – contact me if you want a further explanation of how this works. It also gave a bid to EURUSD, which has so far been unable to test 1.0868 (cited earlier) despite demand from this cross.
See chart for support levels.
Light calendar but some US data is coning out (Durable Goods, Ci=onsumer Confidence)
See our Economic Calendar
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