13 Responses to “Contrarian moves in USD/YEN”

1. on 15 Oct 2009 at 1:04 pm1Adnan Butt

   Respected Dr,

   Do u think eur/usd will test 1.4800 today?

2. on 15 Oct 2009 at 1:09 pm2smith

   of course, there are some news behind the big run of GBP. Goldman SAchs has a positive comment on GBP and get a target of 1.70. Players are creating the news.

3. on 15 Oct 2009 at 2:16 pm3Constantin Lucian

   i just love this kind of news because it gives me a glimpse as how some “lucky” individuals make huge amount of money. Wouldn’t it be a coincidence:) if goldman sachs or it’s trading departament was long gbp/usd? We have long gbp/usd from 1.59 avereage…oops we have losses what to do? close position? panic? wait for reversal? no let’s say we goldman sachs love gbp and we expect it to go at 1.70…what happens? suddnely we have a profit:). I wish i had that power when a position goes against me. :))

4. on 15 Oct 2009 at 2:53 pm4The other Mike

   Hey Doc,

   The day started off with a nice drop but once again this thing is rising. What gives?

5. on 15 Oct 2009 at 2:59 pm5Ronan

   Dear Doctor,

   Eurusd is rising again, did the players went to lower level to buy? Thank you

6. on 15 Oct 2009 at 3:10 pm6Pipsniper

   Here we go again! I hope this is the firming up move before the USD gaining moves. Eur a rocket ship. Was able to get out of my euro shorts from earlier this week with profit and have since started shorting from 1.4920. Looks strong! Players gonna make a massive drop near 1.50????

7. on 15 Oct 2009 at 3:22 pm7michael

   i guess your lucky
   i stayed, and it it got worse.
   here we go again

8. on 15 Oct 2009 at 3:41 pm8carlab

   Correlations:
   1.-Yen and gold get weaker when yields go up (look at the move in treasuries and bunds since ydy,and gold lower even if EU cut highs)2.-Since march Usd has become a carry trade ccy to invest in stocks.
   Good news is stocks are not cuting highs today, so if we see P/T in stocks, we may see 1.48 tonight. Otherwise difficult. Doctor, what do you expect first 1.48 or 1.50? Tks

9. on 15 Oct 2009 at 4:46 pm9Constantin Lucian

   I heard rumors of eur/usd between 1.35-1.4 at year end. I’m saying this not to point fall in eur/usd based on rumors or etc. I’m curios what the month of December will bring especially middle of the month as we can see extreme moves and huge price actions are being made towards year end. if it will hover around 1.45-1.48 the 1.35-1.4 scenario isn’t that unrealistic as in my opinion in current economic conditions (if we play the fundamentals card) euro at 1.60+ will benefit no one (also right now euro is the most overvalued currency against usd in the market…the fair value for it is around 1.20 while gbp around 1.50). Also watch out for stocks…too much too fast…nothing to support this kind of rise

10. on 15 Oct 2009 at 5:13 pm10Dr. S. Sivaraman

    Dear All
    they are making higher level swings without cutting high from start of US session.So they are only inducing traders to keep improved buy orders to fill.For week end they are expected to slide and drop EURO and GBP.USD/YEN is expected to make initial contrarian move of drop and then rise to make usd gaining move for week end.
    Regards
    Dr.Sivaraman

11. on 15 Oct 2009 at 5:26 pm11ATF

    Dear Doc,

    What lower levels of GBP/USD you are expecting for today’s closing and for weekend?

    Best Regards.

12. on 15 Oct 2009 at 8:44 pm12Pipsniper

    It’s after stock market close and here we are in eur at 4950, not far from the 1.50 handle. I hope they make the drop during japanese session, the U.S. stock market closed in the red so maybe the Nikkei will drop and drag EUR and GBP with it. I only hope that the drop today was not a load up place for the players to add longs. Time will tell. Any insight Doc??? Are you expecting EUR to cut the low of NY session? Thanks

13. on 16 Oct 2009 at 3:13 am13fxgauss

    watch the trendline that connects the previous highs on the dailies,its the decider.

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