Forex

The value of binary options on the yen versus the US dollar declined aiming at the psychological level of 100. The great volatility in the Japanese market appears to have been, to a large degree, influenced by the drastic changes in the value of the yen. As the yields on the Japanese bonds reached 1% binary options investors have started favoring investments in the yen hence causing the demand for the currency to increase. The increased demand causes the price to rise, offsetting any eventual...Read Full Story

All the knife catchers are warming up I see. 101 gave away pretty easily as it did on the way u. Low so far 100.83. I’ve half given up on trying to draw fibs in this pair but I’ve taken one from the April break up (purple) and the first level comes in at 99.54 so quite a way to go for that. I’ve got a feeling short term tech is going to take a back seat as these moves are very violent. That said the market will stop somewhere so it’s best to be aware of some levels. The 100 H4 ma is at 100...Read Full Story

Since the breakout of the converging lines on 9 May the pair took off just to post just under a 400 pip gain. The move took us over the 200 wma and this is where the drop has been caught, at  0.9630. This will again be the first place to look at for building a base. Down from here is the 38.2 fib from the May lo/hi at 0.9612. Support is seen at 0.9605 with stronger at 0.9575. Much like the 55 ma in the euro we’ve spiked below the 55 H4ma here but are back above again. I may seem to be...Read Full Story

Like a bouncer from Merv Hughes the aussie puts on a ton from the lows at 0.9694. Through 0.9700 we go as the over night falls are erased. The fall lower took us briefly below the long term trend line at 0.9660 and we’re now back above. Resistance is seen at 0.9730/35 and we’re into that now. Higher up the next resistance is at 0.9796 EUR/AUD is breaking down in similar fashion, coming off the highs at 1.3375 to 1.3257. I’m still short from up above but am wondering if I’m going to rue not...Read Full Story

GBP/USD having a nibble at 1.5100 with a high so far at 1.5099. EUR/GBP feeling the full force of the mighty sterling by dropping 10 pips. KAPOW!! The average on my longs (for those who are bothered) is 1.5123. So near and yet so far. Categories: All, Americas | Tags: EUR/GBP, GBP/USD | PermalinkRead Full Story