USD/JPY Discussion

http://www.usagold.com/analysis/doldrums-2008.html


Bruce

Looks like uj is taking a dive ....

Everything I have read let's me believe that there is a slowdown anywhere from May - July. It has been this way according to these charts at this link since at least 2001. Yet many are saying that the downturn is over early this year.

My question is what if the downturn is just beginning and much more selling will occur before August?

May 19, 2008 10:37 PM


http://globaleconomicanalysis.blogsp...epression.html

Why Is It Important To Read ?

Unless you are really aware of what is going on in the economy you cannot know when The Powers That Be are not telling you the truth. Knowing what is coming down the road gives you a great information advantage edge. After I post this I will go back and read the article and store it in my memory bank.

I am about to head off to bed.

See you early in the AM... BOJ Rate Decision and CPI at 8:30 AM with FOMC minutes Wednesday at 2:00 PM

The US Dollar Index getting weaker overnight. What will the Dow do on Tuesday ? What Will Oil Do ? What Will Gold Do ?

Most Importantly, What Will You Do ?

Good Night

Bruce

Damn, there's turbulent at this hour ....

103.78...

Hang Seng free falls close to 600 points today.

The Hang Seng fell close to or over 1000 which marked the beginning of the US stock market correction several months ago.

Asian markets are mostly RED into the close.

Good Luck trading.

PS. Don't be fooled if the wallstreet mafia pushes the market higher just to sell it off later in the week

A range bottom/top in Eur/Aud has marketed the beginning of every major turn in the Yen crosses and equity markets. See for yourself.

Eur/Aud is well bid at the moment. A Sharp rebound after a news selloff earlier today. It is now hovering near a TL resistance. GL

http://finance.yahoo.com/intlindices?e=asia

interesting article, but i have a comment or question, however you take it.

mike made the comment that the home was worth 300,000. who said it was worth that??? the housing bubble was created due to the rapid increase in "value" of homes. homes were doubling or tripling in value in 5 years. i always understood that it took a minimum of 8-10 years to double. example, my dads 2nd house sold for 3 times what he bought it for 17 years later. we also added an upstairs bathroom, and made other improvements over the years, nice quiet neighborhood, near schools and stores,etc...

recently, houses were doing that in 5 years, i think that is more the issue than "snakes" or fatcats in the executive galley. greed came to the masses and they ran with it. that is what a bubble is, but hey, this is just my opinion, i could be wrong.

I do not follow your question or point. What exactly is it. A brief comment from me is that we have never seenn such a situation in our lifetime as the excess of the last 35 years has caught up to the USA and the last 10 years have created circumstances beyond any of the past.

Look at the price of Oil. Look at the price of Gold. Derivatives of 76 Trillion for just JP Morgan alone. The Global Economy tied together like NEVER before. War beyond what is financially possible. Debtor Nation...No Savings...Fraud in Data Releases or Insane Assumptions like Mark To Model.

The USA manufacturing base gone and finally WORST HOUSING MELTDOWN EVER tied to USA Economy and change of POWER STRUCTURE in the World.

Where was the Euro Currency 25 years ago ?

Bruce

http://www.investorsinsight.com/blog...gy-prices.aspx

This is one of the Major Changes that the World now faces. It affects the USA more than most since they now import Oil and are in Debt and Bankrupct.

Questions and comments welcome. USA Data out at 8:30 AM

Bruce

USD/JPY at 103.90 and Dow open in 55 Minutes. Dow Meltdown ?


Bruce

what i was trying to say was that housing prices were out of control. a good appraciation was 8-10% a year, some places there was 20-30%, any market cannot handle that for long. the bubble had to burst. the only thing i have not seen are the numbers on how many of those homes were flipped by " investors" and how many homes were actually bought by families that live in them??? our population has not grown enough to keep building 5 mil plus new homes a year. if someone has the numbers to show, i would like to see them. alos factor in condos, apartments and multi-family homes, i just hink they overbuilt.

Dow Futures Down 91 From 50 Earlier This AM
Oil Up To $127.50 Up $ .45 Cents
Gold Up To $908.3 Up $2.50
2 Year US Treasury Yield At 2.38%

USD/JPY at 103.78 and EUR/JPY at 162.46

You NEED to watch ALL these items to trade USD/JPY the proper way. If You do not do this then you will NEVER win consistently trading this FX currency.

I really hope the serious ones here will listen to me. My results are all the proof that I need to know this is the proper way to trade FX.

You either do it the right way or just find another way to earn money.

95% FX Traders are Financial Losers !!!

I think you now see why. Have A GREAT TRADING DAY as USD/JPY touches 103.641 on the Low and EUR/JPY hits 162.26 and the Dow Futures are down 91 at the moment.

Keep Those Fish and Letters Coming...

Bruce

Have you made any money today ?

Dow down 149 and Low in USD/JPY was 103.445

Are you learning ?

Bruce

actually no, i did not get in on the down move after the cpi data, i was here reading and missed the news. i was not comfortable getting in after the move started, it gets a little crazy sometimes. i am up a little now with the upswing from the low in yen. i do not trade the dow, at least not yet. i am going to build up an account for that with my winniongs from fx.

question for you bruce. how do you trade the news?? do you get in before or after??? do you get in after a certain amount of time after news release??? i have heard 15 min is a good time to wait so that the market gets rid of volitility and the direction from the news release can be seen.

Strong support at 103.50

It's amazing how close is the relation between Dow and USDJPY.Since I started to use it, my profitable operations increased 70%!!!

I took a "long" asss way down to hell today .... my ass is in the hole now ...