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Fudomyo commented Feb 25, 2013Nice correction on the Yen. If this area doesn't hold, 115 is next. nearly 620 pips on the day so far.
Dollar Falls More Than 2 Percent Vs Yen, Euro Drops 3 Percent Vs Yen
- Fudomyo replied Feb 18, 2013
Here you go. If you'd like to dig deeper William Blau - Momentum, Direction and Divergence is quite good.
Bullish and Bearish Divergence, Bullish and Bearish Convergence
- Fudomyo replied Feb 15, 2013
You get a wisdom point for this realization. I remember watching this video a long time ago. My takeaway was this. What this video shows are two central methods employed by banks. Manufactured moves and piggybacking real moves. I think it was the ...
Billion Dollar Day video analysis
- Fudomyo replied Jan 18, 2013
Good to see you too. I hope the markets are treating you well! So far this is shaping up to be an excellent year.
The Really Useless Thread
- Fudomyo replied Jan 18, 2013
Throw in some singing chickens and the party's on!
video btw: I found the Zurich Axiom quote I was looking for earlier. It’s easy to be a prophet. You make twenty-five predictions and the ones that come true are the ones you talk about.– ...The Really Useless Thread
- Fudomyo commented Jan 13, 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 ...
China export surge spurs data skepticism at Goldman, UBS
- 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?
Rumors that Greece will meet the 30 billion Euro debt target
- 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 ...
GBP/JPY Breaks Above Key Trendline Resistance
- 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 ...
GBP/JPY Breaks Above Key Trendline Resistance
- 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 ...
GBP/JPY Breaks Above Key Trendline Resistance
- 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 ...
The Yen Is The New Alpha Market
- 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 ...
The Yen Is The New Alpha Market
- 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. ...
The Yen Is The New Alpha Market
- Fudomyo replied Oct 26, 2012
Cheers mate. They just made the announcement. They'll be downgrading their economic assessment at the next BOJ meeting and increase asset purchases. 75 before 85 would be lovely. I'm still short. (as long as the Monthly descending trendline is ...
Cable Update (GBPUSD)
- Fudomyo replied Oct 26, 2012
Hey Mike, I don't see them doing a peg. Probably some more asset buying. There's a lot of resistance from Abe's party against any major spending increases, so Noda is limited with what he can do. The bigger issue is, Japan's between a rock and a ...
Cable Update (GBPUSD)
- Fudomyo replied Oct 25, 2012
Yeah, that's important. I put in about 4 years of 18 hour days straight with very little down time in the beginning, but it's not sustainable in the long run. Eventually people either go for a longer term Watanabe (carry trade) approach or a Kimono ...
Cable Update (GBPUSD)