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- Fudomyo commented Apr 23, 2013
AP twitter account hacked
- Fudomyo commented Apr 17, 2013
cool! my dream is to ride Teahupoo. working my way up to it. url
- Fudomyo commented Apr 17, 2013
Open the 7 day chart on the exchange rate link you provided. You see that long horizontal line between Friday and Sunday evening where gold price doesn't change? That's called a weekend. OK, discussion over.
- Fudomyo commented Apr 17, 2013
Gold ETFs are traded on regulated exchanges. (it's not Forex.) CME, ICE, SGE and all other major exchanges are closed on the weekend. This is why Gold dropped when the Asian markets opened on Monday and not over the weekend.
- Fudomyo commented Apr 16, 2013
Technically, the drop took 48 trading hours from 1530 to 1320, not 30 minutes. It accelerated under 1500 psych support where many sell stops were positioned, with the majority of the larger leg down taking place during Asia session. Because of how ...
- Fudomyo commented Apr 16, 2013
Gold was bought up at the bottom of the 2008 crash and peaked months ago. When people were initially buying, there was greater uncertainty what was going to happen so it was a logical hedge, but as months rolled by, investors had their money tied up ...
- Fudomyo commented Apr 4, 2013
Sure, there are plenty. You just need to know when to step aside. Unless you're in a long term position with plenty of head room, putting your money at risk when Kuroda, Draghi, or Bernanke are speaking is just gambling. There's plenty to trade when ...
- Fudomyo commented Mar 13, 2013
Marc, Some spot traders use options as a low cost backstop, but I wouldn't identify what's happening in options as a spot market strategy. Many of the spot traders who caught the move early began unwinding their positions when we hit preliminary ...
- Fudomyo commented Feb 25, 2013
Nice correction on the Yen. If this area doesn't hold, 115 is next. nearly 620 pips on the day so far.
- Fudomyo commented Jan 14, 2013
Well if the BDI is any indication, export numbers should fall off in January. What we had was a later than usual ordering cycle for the holiday season because retailers are trying to maintain lean inventories. In 2011 the China CPI had it's pop in ...
- Fudomyo commented Dec 11, 2012
ZeroHedge, Daily FX, and FF all serve a useful function. Hey, who cares? Isn't the world supposed to end tomorrow?
- Fudomyo commented Nov 22, 2012
My outlook has been 90/92 if we break key resistance in the 84/85 area, longer term 100 and perhaps 120 area in 2014 . The Yen was a rice rocket in 2000 once it broke 109 and took 2 years to top out at 135. We've had a similar compression at the ...
- Fudomyo commented Nov 21, 2012
These are all important factors. Part of me knows the Yen should naturally weaken due to the fact that domestic bond buying power to maintain the debt at it's current pace will be expended by 2016. But given how disastrous a weak Yen would be to ...
- Fudomyo commented Nov 21, 2012
This is an interesting point that I started thinking about in April 2011 about the GBP/JPY resistance trend line. You can include the wick from the Monthly candle spike when there was a coordinated CB intervention after the Tsunami to prop up the ...
- Fudomyo commented Nov 4, 2012
I found that interesting as well, but not entirely surprising. There's a number of traders banking on Noda doing more to weaken the Yen, so it's had a medium term effect on price. Personally, I don't believe he has the political will or backing to ...
- Fudomyo commented Nov 4, 2012
The reality is there's been steady capital flight (and brain drain) from Japan over the past few years which isn't correlated to Yen strength or weakness, so the theory of Japanese overseas investment being correlated to Yen strength isn't ...
- Fudomyo commented Nov 4, 2012
Hi Trout, Technically USD/JPY looked Alpha in March 2010 before it proceeded to make a new low in March 2011. It looked Alpha in February 2012 before it erased 90% of it's gains. We aren't any where near meaningful resistance for trend reversal yet. ...
- Fudomyo commented Aug 10, 2012
Does anyone at forexlive have access to a monthly euro chart? Seriously, if anyone thought the week was going to end down there, what a disappointment for them. Friday on the Weekly is no different than the last 10 minutes of H1. Every step down was ...
- Fudomyo commented Mar 30, 2012
DXY hasn't even touched the Monthly ascending trendline, or the 78.4 / 76.4 monthly support levels yet. Still a bit early to be calling the bottom.
- Fudomyo commented Feb 29, 2012
It's a bit soon to be calling EU strong bearish. Price is above the DP in a tight range with 3450 holding steady so far. Typically you'd want it to at least break support. lol