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USD/JPY Short
In contradiction to accepted norms the QE program of the FED has not only fueled a massive stock bubble in the US but has also created such demand for the USD that even though dollars have been printed at record rates - the dollar has gained enormously at the same time. One reason for this is that all that cheap money has been thrown onto the US stock market, instead of being used for loans to US companies like it was purportedly intended for, causing a bubble on the US stock market. This has created a huge demand for the USD worldwide.
The QE program of the FED is now in it’s last days and the S&P is now falling sharply. On this side of the Atlantic, on the other hand, we are at the start of the EU quantitive easing program and this has the potential to cause the exact same effect on EU stock and the Euro as it did in the US. Already we are seeing demand for the Euro increase and the recent upwards movement of Euro pairs, although still somewhat lacking in momentum, has no other obvious fundamental or technical basis.
The recent forecasts of major US banks that the USD/JPY will reach 1.26 by the end of 2015 seems to have limited logical basis other then their own wishful thinking. What are their vested interrests? Mainstream media always seems to to sucker in as many investors as possible at the end of any given price movement, be it intentional or otherwise, and this should rather be taken as an indicator that a reversal is imminent. The resulting whipsaw effect is potentially disasterous for any investor.
CHF/JPY Short
This currency pair is widely considered to be a currency pair to watch – rather then one to trade on. However, when in an uptrend or a downtrend, the charts simply always look fantastic. Very little fluctuation occurs, trends are consistant and the candles usually stay on the preferred side of the Bollinger bands. Definately not the currency pair for taking scalp positions – but very suitable for those long-term positons on the 4-hour or daily charts.
As previously mentioned, the CHF/JPY has seen a rally since the beginning of August this year, and has recently shown signs of retracement or even outright reversal. A short position towards the centerline should be a safe bet – if not a keeper for the long run. If you prefer not to trade on this pair, at least keep a good eye on it for the well-known reason that it has great influence on other currency pairs.
Happy New Trading Year! - El Magnifico
In contradiction to accepted norms the QE program of the FED has not only fueled a massive stock bubble in the US but has also created such demand for the USD that even though dollars have been printed at record rates - the dollar has gained enormously at the same time. One reason for this is that all that cheap money has been thrown onto the US stock market, instead of being used for loans to US companies like it was purportedly intended for, causing a bubble on the US stock market. This has created a huge demand for the USD worldwide.
The QE program of the FED is now in it’s last days and the S&P is now falling sharply. On this side of the Atlantic, on the other hand, we are at the start of the EU quantitive easing program and this has the potential to cause the exact same effect on EU stock and the Euro as it did in the US. Already we are seeing demand for the Euro increase and the recent upwards movement of Euro pairs, although still somewhat lacking in momentum, has no other obvious fundamental or technical basis.
The recent forecasts of major US banks that the USD/JPY will reach 1.26 by the end of 2015 seems to have limited logical basis other then their own wishful thinking. What are their vested interrests? Mainstream media always seems to to sucker in as many investors as possible at the end of any given price movement, be it intentional or otherwise, and this should rather be taken as an indicator that a reversal is imminent. The resulting whipsaw effect is potentially disasterous for any investor.
CHF/JPY Short
This currency pair is widely considered to be a currency pair to watch – rather then one to trade on. However, when in an uptrend or a downtrend, the charts simply always look fantastic. Very little fluctuation occurs, trends are consistant and the candles usually stay on the preferred side of the Bollinger bands. Definately not the currency pair for taking scalp positions – but very suitable for those long-term positons on the 4-hour or daily charts.
As previously mentioned, the CHF/JPY has seen a rally since the beginning of August this year, and has recently shown signs of retracement or even outright reversal. A short position towards the centerline should be a safe bet – if not a keeper for the long run. If you prefer not to trade on this pair, at least keep a good eye on it for the well-known reason that it has great influence on other currency pairs.
Happy New Trading Year! - El Magnifico
