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Weekend missile strike on Syria hasn't led to much volatility in risk assets. USD/JPY actually gapped higher but then turned lower in the following hours. 106.75 - 107 is the initial support for this pair and 107.75 - 108 the resistance. U.S. retail sales is the event to keep an eye on today's calendar.
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USD/JPY poised to extend gains, barring any shocks
It appears that the tide has turned in USD/JPY. While the pair is likely to fall further over the longer-term, shorter-term path of least resistance is to the upside. However, there are several themes going on (trade wars, Syria, increased stock market volatility), that have potential to escalate quickly, and lead to a substantial leg to the downside.
USD/CAD broke below 200 DMA
U.S. inflation report came in solid yesterday, FOMC Minutes were hawkish. Headlines regarding military intervention in Syria, however, have kept risk assets contained, as have renewed trade concerns. Canadian dollar is one exception, had a great week so far. USD/CAD fell about 270 pips (high to low) but momentum appears to be easing into 1.25 support. Broken 200 DMA should now act as an initial resistance.
French President I no longer view Assad’s removal as a precondition for anything, since I don’t see anyone who could become his legitimate successor
French President Emmanuel Macron signals the abandonment of regime change policy saying removal of President Assad from power is no longer France's "priority" which will focus on working with Russia to defeat Jihadi terrorism instead.
Newly elected French President Emmanuel Macron is the first Western leader to reflect the changed political realities in Syria caused by the recent advances of the Syrian army.
Specifically, Macron has confirmed that removing President Assad from power can no longe…
Newly elected French President Emmanuel Macron is the first Western leader to reflect the changed political realities in Syria caused by the recent advances of the Syrian army.
Specifically, Macron has confirmed that removing President Assad from power can no longe…
The Adventures of a Greedy Stupid Novice Trader 07/04//2017
To be honest,
I am not really motivated this month to trade... Still feeling beaten from last month...so much work and nothing to show..ugh...
But that's life.
Greed got the better of me.
Won some prizes and I LoST IT ALL! mostly on the NFP News last month....Meh...
So i deleted my sign in info! For this year collect as many prizes and email support for sign in info next year!
That was the purpose of this blog, so yeah...
But lets look at the performance:
The peso is at this moment down.
I set a…
I am not really motivated this month to trade... Still feeling beaten from last month...so much work and nothing to show..ugh...
But that's life.
Greed got the better of me.
Won some prizes and I LoST IT ALL! mostly on the NFP News last month....Meh...
So i deleted my sign in info! For this year collect as many prizes and email support for sign in info next year!
That was the purpose of this blog, so yeah...
But lets look at the performance:
The peso is at this moment down.
I set a…
How Will the Syria Conflict Affect the Markets?
How Will the Syria Conflict Affect the Markets? Without a doubt, the situation in Syria is having an effect on the markets. Specifically, the threat of a US military intervention is affecting the price of oil in particular. For example, oil prices have slowly increased in price since the US government made it known that a military strike on Syria is likely to occur. Syria’s Effect on the Price of Oil While Syria produces a modest amount of oil at approximately 180,000 barrels per day, the count…
Syria continues to dominate. Where do we stand now?
United Nations: The inspection team has now arrived on site in Syria after 2 days of delays. Bank Ki-Moon says inspection team “needs time to do its job” in Syria. Whether the US, UK and France will wait for their findings remains to be seen. UN envoy Brahimi says international law is clear that UN Security Council resolution is needed for military action. That hasn’t exactly stopped it previously has it? Also, a UN nuclear watchdog report says Iran has expanded its uranium enrichment program a…
What is Next for Syria?
I don’t want to be too negative, but the escalation of violence in Syria is one of the scariest things I have come across since the Bay of Pigs Invasion! If the Assad regime is confirmed as using chemical weapons in an attack on the population - which allegedly has killed around 1000 people – the political ramifications could be huge. President Obama has already said that such an attack would signify a crossing of `the red line` and this morning, France has insinuated that force may well be nee…