The USD/JPY is showing signs of weakness here on the daily chart but it is still in a tight range. If it does unwind again like it did in January, it will take stocks lower with it. I don't know what to make of anything at the moment. Yellen from the Fed came out and said there is a chance they will raise rates next year but I believe that was just to try to put some support under the $USD for now. I dont actually think they will raise the interest rates. All I know is the whole world feels like a powder keg looking for a match.
USD/JPY daily chart
The AUS 200 weekly chart is on the verge of turning lower. It was saved today by a ramp on the Chinese markets because the data was so bad that it was hoped there would be more stimulus even though the PBOC said don't count on it. We just have to see I guess. The PMI fro the U.S. was a disaster but as usual the anti-slippage HFT algo's have been triggered off and we are seeing a rally into the afternoon. Very interesting times indeed.
AUS 200 weekly chart
No comments:
Post a Comment