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No much data coming out the coming week. Higlights will be Empire State Index Monday and Philly Fed Thursday. Last mont there was a big jump, so now the market expects the reports to fade 2 points each. A new jump would be a real surprise. There will also be Jobless Claims Thursday. The market is expecting a FED rate hike in June (but only 1/4%). So what will be the focus newt week? High oil prices, Iraq, terror, who knows? And maybe the selling of US bonds. Last week the bond funds lost 3.6 billion dollars. What will happen if Japan and/or China really begins to sell out of their mountains of US bonds? In Europe we will get Euro-zone trade balance Wednesday.
thats true, well its a contrarian idea. the trend is of course long. maybe its better to be on the long side for these two, from the fundamentals im reading (foreign money leaving the japanese stock market). short would just be betting on a little reaction. so maybe short now, wait for reaction and the long? or flat, wait for reaction, then long? or dont wait for a reaction at all, long right away?
I don't know. I don't follow the yen, because I don't know very much about what's happening in Japan. But If I traded yen with with my system, I would be short the yen.
I have spent some time watching 4 hr charts - and they look very good. But can we trade with those big charts? And what about the big eco news?