Forex Trading Today
  • Home
  • Join our trading community
  • Back to FXstreet.com

Forex Trading Today

A Blog of Commentary and Ideas from an FXstreet Premium Member by Tim Salem (CVJ)

Subscribe

Subscribe Subscribe Subscribe using Netvibes
Or subscribe via email:

Categories

  • Commentary
  • FXstreet Premium Thoughts
  • Live Webinars
  • Market Analysis
  • Trading Ideas
  • Uncategorized

Archives

Recent Comments

  • Ramon Huss on A Fond Farewell Everyone!
  • ed ponsi on A Fond Farewell Everyone!
  • Goncalo moreira on A Fond Farewell Everyone!
  • Raghee Horner on A Fond Farewell Everyone!
  • Tim Salem (CVJ) on Ranges of Accumulation Seen Moving Forward

Tags

accumulation appreciation AUD/JPY AUD/USD Cable channel consolidation continuation correction correlation crude crude oil currency Data dollar Dow England equity EUR/JPY EUR/USD euro Europe exchange Fibonacci formation GBP/JPY GBP/USD gold interest rate Japan oil pattern pound Price range resistance retracement Risk Aversion S&P 500 sentiment support USD/CAD USD/CHF USD/JPY Yen

FXstreet.com Weblogs

  • CEO's Weblog
  • Wayne McDonell
  • Dr. S. Sivaraman
  • Valeria Bednarik
  • James Chen
  • Ross Yamashita
  • Raghee Horner
  • Ron Schelling
  • César B. Leiceaga
  • Ian Coleman
  • Greg Michalowski
  • Mike Baghdady
  • Dale J. Pinkert
  • Trader of the Year

Links

AUD/USD and USD/JPY Feel the Heat in the Asia-Pacific Rim

Posted on March 2, 2009 at 8:13 in Commentary, Market Analysis by Tim Salem

 

Greetings Again!

The “Blood in the Streets” Analogy surely fits the beginning of our week here, with the EuroZone’s lack of Policy Confidence really bleeding out from the Eastern European concerns all the way east to the Asian and Pacific Sectors.

As most of you know… I am not a Fundamentalist or and Economist… so we will not address these areas heavily.

As an artist and composer, though… my Analogy would be of the Post-War period in Painting and Music… where we have the Indeterminacy of the Music of John Cage… and the intuitive spontaneous massive Paintings of the Abstract Expressionists.

“Don’t be all High-and-Mighty Cultural with them, CVJ!… Just tell them everyone in every government is basically improvising everything with no idea of outcome… maybe they have been around the Turpentine and Oil Paint too long!”,   the CVJ Fan Club Guys say…

“A fine Analogy of your own, Boys!”, I say… hee hee… ;-)

 

Seriously, the weight of Fear and Uncertainty is still surely in our global climate… as we continue to see an massive chasm and disconnect between what is discussed and put in place… and what actually comes into action.

A visit with the Aussie again from our last Post and a look at Dollar Yen illustrates this “directionless hovering” nicely.

Here is the AUD/USD Hourly and the USD/JPY 4-Hour Views.

 

Give them a Click, and Post-Time is 13:15 GMT.

 

 

 

 

 

 

I will be back later in our day for an Update after the U.S. PCE Inflationary Data Points and the rest of today’s Releases… and we will see how they “digest” in the Markets.

This will lead us into our RBA Rate Decision, and we will come “full circle” with the Aussie Dollar and see where those Triangle Formations come back into play… if at all.

:-)

 

 

 

Tags: Abstract Expressionism, Asia, AUD/USD, chaos, improvisation, indeterminancy, John Cage., Pacific, Risk Aversion, USD/JPY

Comments are closed.

Theme by Forex Street Powered by Wordpress

The comments and posts published in this blog ARE NOT trading recommendations. They can NEVER be considered as trading calls or advices. If you decide to use the information offered here for your real trading it is at your own risk.

Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.

Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.

Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer.

© 2010 "FXstreet.com. The Forex Market" All Rights Reserved.