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The Four Siblings Continue Quiet Continuation, But With Subtlety

Posted on April 10, 2009 at 5:11 in Commentary, Market Analysis by Tim Salem

 

Happy Good Friday to Everyone!

Our “Four Siblings”… the Euro, Swissy, Cable , and Yen… all show subtle and quiet movement since our last Update and even since the last “Currency Majors Technical Perspective” Report @ 1:00 GMT.

We have seen small Corrective “Bounces” on our IntraDay Hourly Views, despite the fact that all Four Units remain in Range-Bound Consolidation.

The Dollar Yen was the  marked “Mover” ( if we can use that relative Term…) with the Bank of Japan Rhetoric stating it is looking to buy Bonds as part of it’s 350-Billion Yen Stimulus Package moving forward, and the Nikkei ran with this Sentiment to test the 9000 Level.

Otherwise, we still maintain the general Consolidaton “Ranges” of the Pairs concerning the Hourly Time-Cycles moving forward with Low Volume.

Here we have all four Units on the Hourly Views, so give the Captures a Click for Commentary.

Post-Time this morning ( for me ) is 10:10 GMT.

 

 

 

 

  

 

 

 

 

 

As always…Please be Mindful of the Low Volume/High Volatility Correlation here… as Institutional Re-Positioning can still surely take place with Covering for the Holiday weekend and Profit-Taking as well.

 

( P.S. - We have reached the Apex of “Quietness” in the Currency Markets as of this little Update at 16:45 GMT. Price Action slows to a crawl with 1-2 Pip movements simply due in many cases to “electronic” Platform Activity.

Again… be very Diligent here… as it is this “Doldrum” Period that Institutional Entities love to “Re-Positon and Adjust”… so check any open Positions accordingly.

 I will see everyone tomorrow and Sunday for general brief Weekend Updates… and feel free to send some Inquiries along… I would love to discuss your thoughts and questions! )

:-)

 

 

 

Tags: Bank of Japan, consolidation, continuation, currency, equity, EUR/USD, GBP/USD, Japan, Majors, Minutes, Nikkei, range, USD/CHF, USD/JPY

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