Scenario -next week

Discussion in 'Trading' started by Temujin, Mar 12, 2011.

  1. Temujin


    12 Mar 2011

    Dear all,

    In general, for the past week, if those who have been following my thread ( pls see last week's notes), most of u should have made some money

    1) EURUSD and its crosses
    2) the US and European stock indices eased off
    3) China / HK stocks rose

    My heart goes to the people of Japan for their earthquake and losses. For the coming weeks, JPY is a sell and the once it regains 83.30, it should be headed higher. In the medium to longer term, the Japanese will have to print more money via JGB's. In the short term, just bear with the repatriation and selling of USDJPY.

    EURUSD and crosses still within a range and likely to stay firm for the week.

    Good luck,