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Published on Sep 12, 2016
The
EUR/USD pair went back and forth during the course the day on Monday,
as we continue to go nowhere. This is a market that continues to be very
choppy at best, and quite frankly I feel like there is no real drive to
go in either direction and therefore I feel that this is a market that
is probably best left alone. You might be able to trade in very
short-term trades, but beyond that you’re going to have a very difficult
time to hang onto the trade for any real length in time. Ultimately,
this is a market that I believe is going back and forth based upon the
headlines coming out central bankers, which means that it’s almost
impossible to determine what we should do now. I believe we continue to
bounce around between the 1.1150 level on the bottom, and the 1.1350
level above. With that, it’s likely that this is a market that I will be
avoiding.
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USD/JPY and AUD/USD Forecast September 13, 2016
Published on Sep 12, 2016
The
US dollar fell against the Japanese yen during the session on Monday,
as it appears that a certain amount of safety buying has returned to the
yen. However, I think that there is more than enough support just below
to keep this market going higher, and I believe that the 100 level
below is going to continue to be the “floor” in this market. I believe
it’s only a matter of time before the buyers return into the market and
start buying again. I have no interest in selling, and I believe that at
this point in time we are more than likely going to see this market go
higher rather than lower given enough time. With this, I believe that
the Bank of Japan will continue to be fairly active one way or another,
and with that this pair should go higher.
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