Posts Tagged ‘Sends’
Japanese Yen: Intervention Sends Yen Lower
Author: Germina Lake
Yes, the BoJ intervened last evening and sent the USDJPY soaring. Notice however that intervention didn’t occur until the technical situation favored as much. Going forward, resistance is 8640, 8700, and 8810. Support is 8450/70. I’ll have a research piece out later today detailing previous instances of BoJ intervention.
View full post on DailyFX – Technical Analysis – Candlesticks
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A Shift in the Taste for Risk Sends Crude into the Next Phase of a Bigger Bear Trend
Author: Germina Lake
A Shift in the Taste for Risk Sends Crude into the Next Phase of a Bigger Bear Trend
At the moment sentiment starts breaking down in the speculative markets, investors’ attention focuses on their portfolios, looking to lighten up on those positions that will fall alongside optimism.
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