We have some big gaps this weekend especially on the yen pairs.
With the LDP in charge will this yen rally really lift of or do we see a correction now we know who won the election.
also this thursday we have a monetary policy statement from the BOJ.
For the USD i expect to get some direction whe the US markets open and see how they react on the news that came regarding the fisical cliff.
If USD is starting to rally because of the fisical cliff i expect gold to go down.
I closed all my trades friday regarding Forex and gold en iŽll look a them i think when London opens.
only trades i have open at the moment are in oil
we are still in the range of the last few weeks and have tested the lower trendline last week and got a nice bounce from it.
lets see if we can get a test of the higher trendline before the end of the year.
TP for oil is at the moment $90 Higher trendline is now a little above $90,50
havnŽt set SL on them at the moment but i am watching them closly.
With the LDP in charge will this yen rally really lift of or do we see a correction now we know who won the election.
also this thursday we have a monetary policy statement from the BOJ.
For the USD i expect to get some direction whe the US markets open and see how they react on the news that came regarding the fisical cliff.
If USD is starting to rally because of the fisical cliff i expect gold to go down.
I closed all my trades friday regarding Forex and gold en iŽll look a them i think when London opens.
only trades i have open at the moment are in oil
we are still in the range of the last few weeks and have tested the lower trendline last week and got a nice bounce from it.
lets see if we can get a test of the higher trendline before the end of the year.
TP for oil is at the moment $90 Higher trendline is now a little above $90,50
havnŽt set SL on them at the moment but i am watching them closly.
Attached Image (click to enlarge)
right from asia
WISH gold could fly like this ..this week
