Be careful guys. Looks like the Japanese won't be as stupid as the SNB before. They will intervene, along with introduce monetary easing to boost the economy to scare the shorts into booking their profit and covering their positions. Kan Holds ...

EURUSD

Kan Holds Emergency Meeting On Rising Yen TOKYO (Nikkei)--Prime Minister Naoto Kan discussed ways to curb the yen's recent surge Wednesday afternoon, in a meeting with Chief Cabinet Secretary Yoshito Sengoku and Finance Minister Yoshihiko Noda. Kan ...

USD/JPY Discussion

Japanese PM Kan: Wants To Show Response On Strong Yen Soon url

USD/JPY Discussion

I expect London and New York to follow suit in profit taking, with the uncertainty as to whether the BOJ will step in and depreciate the Yen. Also with the uncertainty that a further stimulus will be introduced in the US to boost the economy.

USD/JPY Discussion

Question back at you. Would you take a sizeable position short right now, below the historical lows, with the risk of the BOJ intervening at anytime which will cause a few hundred pips spike, as well as the general panic of short coverings when ...

USD/JPY Discussion

We might see some strong yen buying finishing up the week. Some news below for those interested:- One thing supporting the yen at the present time is the Mizuho share offering. Payment due July 21. Feeling is that height of yen buying by overseas ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

The UK still faces a “material risk” of losing its prized triple A credit rating from Standard & Poor’s, in spite of swingeing cuts to reduce public sector borrowing, because of lingering doubts that economic growth will not be as strong as the ...

Cable Update (GBPUSD)

How do you define extreme highs and extreme lows? It just sounds to me that you are trying to pick tops and bottoms, which is never a good idea. It might work for a while, but it's the fastest way to blow your account. Just trade with the trend, ...

EURUSD

Yeah, but that's why I said to wait for the meeting to end and see the outcome of it. Direction will be set then, and there will be plenty of opportunities to follow the trend. Whether that be up or down according to how the markets interpret the ...

EURUSD

To be honest, going short now is a bigger risk than going long especially with the EU Summit happening later. Any sort of good news coming out of that meeting and shorts will find themselves in the bottom end of the trading range with not much room ...

EURUSD

I'm sidelined today I think. Personally, I'm favouring a bull move today. Price has moved a big amount yesterday, much more than its usual daily range without any form of retracement. I will like to see it retrace to the daily pivot for a new short. ...

EURUSD

Price is at about 1.50279 at the moment. So we should be expecting a gap up once market opens later.

Cable Update (GBPUSD)

I'm holding my long. Stop loss is at 151.10. As long as 4H candle doesn't close below 61.8 Fib, I'm holding. Good R:R ratio with target at 155.50 and entry at 151.40.

Cable Update (GBPUSD)

Next target should be 155.50 unless 4H candle closes below 152.20.

Cable Update (GBPUSD)

Thank you.

THV system, final edition

Hi. Do you mind telling what are the values of the 3 moving averages on your chart? Thank you.

THV system, final edition

I'm waiting as well. I shorted GBP/JPY at 136.80, so hoping for it to at least hit 136.00 before another move up. My opinion is that even though it's looking pretty bullish at the moment, price will have to retrace a little first from last ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

Yeah, just bugs me to see how XE.com has that jump from .53 to .05 in 10 minutes. Good thing is that GBP/JPY looks rather good right now at about 136.50. Hoping that with the opening of Tokyo on Monday, the Japanese traders will take this down ...

Cable Update (GBPUSD)

I've checked the links and apparently all 3 websites which are quoting current market rates have different rates. So can someone please tell me which one is the correct one? Wanting to check the rates for GBP/JPY and EUR/JPY. Have short positions ...

Cable Update (GBPUSD)

On a side note, does anyone have any idea on how to check current up to date currency rates over the weekend?

Cable Update (GBPUSD)