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

Quoting sycho

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Q..do you get any of this

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Quoting malcolmb14

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Please allow me to comment on one thing in your post.

The market likes rate cuts... it crys out for them like a kid crys for candy.

The reason is that if rates are low then bonds are not attractive and investors move their money in other investment vehicles , like stocks.

A .5% rate cut in March has been built in to the markets.

There is signs of inflationary pressure in the CPI , PPI and durable goods index this month.

Does this mean this might be the last rate cut for a while ?

If there is any hawkish tone at the next fed meeting watch the dj-30 drop into the 11700 area in a hurry.

You have the right idea , just upside down on the rate cuts and dj relationship

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Quoting quecee5

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don't think it's the feds, might be the BOJ.

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Quoting hussin naiji

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Oh, okay. . .

Here is what I'm watching. . .
I'm looking for UJ to break 104 area if it does then it will morre than likely see 103. 10/30 area. And if GU goes to daily s1 then GJ is headed for 204 area. . . But I think we'll see a bounce from there b/c's UJ daily s3 is 103.13 and monthly s1 is 103.36 , dear quecee5 agree with u

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Quoting quecee5

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tough lower support so far. . .

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Quoting fourxtrader

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Going to court today in a medical case.

Reading this lightens the mood.

Enjoy and make it a great weekend!!!!

Dr. D.


Lawyers should never ask a Mississippi grandma a question if they aren't prepared for the answer.
In a trial, a Southern small-town prosecuting attorney called his first witness, a grandmotherly, elderly woman
to the stand. He approached her and asked, 'Mrs. Jones, do you know me?' She responded, 'Why, yes, I do know
you, Mr. Williams. I've known you since you were a boy, and frankly, you've been a big disappointment to me.
You lie, you cheat on your wife, and you manipulate people and talk about them behind their backs. You think
you're a big shot when you haven't the brains to realize you'll never amount to anything more than a two-bit paper
pusher. Yes, I know you.'

The lawyer was stunned. Not knowing what else to do, he pointed across the room and asked, 'Mrs. Jones, do you
know the defense attorney?'

She again replied, 'Why yes, I do I've known Mr. Bradley since he was a youngster, too. He's lazy, bigoted, and he
has a drinking problem. He can't build a normal relationship with anyone, and his law practice is one of the worst in
the entire state. Not to mention he cheated on his wife with three different women. One of them was your wife.
Yes, I know him.'

The defense attorney nearly died.

The judge asked both counselors to approach the bench and, in a very quiet voice, said, 'If either of you idiots asks
her if she knows me, I'll send you both to the electric chair.'

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Quoting dagoods

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so far being the operative word lol


lets see this next 1 hour close

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Quoting dagoods

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please enlighten me

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Quoting Scrat

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no, it's not weird. think about WHY there is a correlation between DJI and g-j. because it's not just like g-j follows DJI all the times...

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Quoting Scrat

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first of all, g-j correlates with usd/jpy during US session. this is the starting point.
basically it's not just about DJI but all US indexes (SP500, NASDAQ etc). if things are going wrong with US economy, these indexes are starting to drop - because "big brother" starts liquidating positions. which means, they sell stocks & whatever for dollars.
now, because MOST of the investments are financed through yens (lowest interest rate, right?) then these dollars are actually going into usd/jpy... to buy yens = usd/jpy drops...
the end result is this: stocks are sold (US indexes drop) and yens are bought (yen pairs also drop).
actually, usd/jpy affects all yen pairs during US session (you probably know that the only "real" yen pair is usd/jpy, the rest are just crosses - that means, "artificial" - and we only have them because of the brokers - MORE, all these crosses are calculated using usd as reference).
and to conclude with this short explanation, let's get back to g-j during US session: we need to pay attention to usd-jpy, US indexes (DJI or SP500) and gbp-usd.

p.s. why have i mentioned SP500? well, consider this: DJI reflects 30 companies, while SP500 is made of 500. which one would you consider more relevant?
and another tip: if at the end of US session (on friday) we see DJI going up, then next week tokyo opens with a gap up, and we all know that such a gap is usually closed... so the result would be a yen strengthening until london opens.

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