DAX, ASX, DOW JONE, FTSE are signaling JPY strength

August 20 2010 by Milla Schmidt in Forex Release |No Comments | Tags: Dow Jone, Jpy

august 20, 2010friday5.45gmt

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Now  FTSE,  DOW JONE, Nikkei,  DAX , ASX   ,which are major stock indexes , are sending  signal of JPY become strong.

Those stock indexes are pointing to  lower sharply very soon , may be today or early of next week.

Then we will see  XYZJPY will go down more , [xyz = USD, AUD, EUR, GBP]

Now AUD is so underpressured ,  you see GBPAUD, EURAUD, AUDSGD, AUDCHF, AUDUSD, AUDJPY.All bring to the summary that  AUD  is the weakest of major FX.

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GOLD, AUDUSD, EURUSD directions

August 20 2010 by Milla Schmidt in Forex Release |No Comments | Tags: Gold, Gold Audusd

By summary  ,   GOLD, soybean, corn  are strong against   USD,

BUT    XYZUSD  [XYZ =  eur, gbp, aud]  are waiting  for a while to see early of next week, then see real trend for next  month.

*************GOLD spot

yesterday, silver  chart built bullish pattern. Therefore, it is supporting  gold bullish too.

I expect gold will go up to 1237, then 1250if it can break out 1275-1280

Long

entry  1225stop loss 1195Upside targets : 1237, 1250 , 1258   , then 1270

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Efficient Market Hypothesis: R.I.P.

August 19 2010 by Spencer McKay in Forex Release |No Comments | Tags: Efficient Market, Efficient Market Hypothesis, Hypothesis, Market Hypothesis

Of all the belief systems of Wall Street, few can claim the devoted following of the Efficient Market Hypothesis, the idea that stock prices adhere to the same laws of supply-and-demand that govern retail products. Once coined the theoretical “Parthenon” of economics, this notion has consistently endured the test of time —– until now. Academics and advisors across the globe are currently exposing crack after crack in the “Efficient” model so deep as to bring the entire theory crashing to the ground.

“The EMH is not only dead,” writes a July 29, 2010 news source.

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Zew Disappoints, but Market Remains Robust

August 18 2010 by Aidan Creal in Forex Release |No Comments

There is a change that the strong second quarter growth and export numbers from Germany (and the EMU)  are just reflecting the peak in activity with regard to economic data.  This was reinforced by today’s ZEW survey in Germany, which showed confidence among investors about Germany’s economic prospects falling to a lower than expected 16-month low. The index of economic sentiment from a survey asking for predictions of conditions in six months time fell to 14  from 21.2 in July.  Expectations where for a index reading of 20.  The index measuring the current situation was far more robust, as one would expect, jumping to 44.3  from 14.6 in July.  An index reading of 24 was expected.  The real

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Short AUDUSD , good chart

August 16 2010 by Milla Schmidt in Forex Release |No Comments | Tags: Audusd, Audusd Good

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AUDUSD

I think we already passed  its top  2 weeks ago.

I see 0.85, then 0.83 comming soon in next month, which is september 2010.

Now  both   australia’s export incomes  from china  AND  debt/household in australia  are building problems of AUD strength,Then we will see AUDUSD go down  more to 0.83 very soon in  september 2010.

SHORT

downside target 0.85 at least , then 0.83critical stop loss 0.9300

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