Over the past few weeks, the Yen has been softer against its European peers, e.g. the Euro and the Pound Sterling, as risk appetite gradually made a comeback. Yet against its American peer, the US Dollar, trade has been rather subdued. The Dollar and Yen, the world's most sought after safe haven currencies, move generally in tandem. Because investors have had some difficulty choosing the front runner between the two, it has resulted in a sideways moving USD/JPY pair. The combination of a soft patch in the US economy and uncertainty over Japan's economic future has also made it difficult for some market movers to assess the next trajectory for the Yen. Yet, in either case, that is still a mere projection with no tangible evidence (yet) to tilt sentiment either way, in favour of the Yen or in favour of the Dollar. However, that might soon change; moreover, the reaction in the USD/JPY could be abrupt, swift and for some, devastating. Continue reading "JPY Set For An Abrupt Move"→
We’ve asked Michael Seery of SEERYFUTURES.COM to give our INO readers a weekly recap of the Futures market. He has been Senior Analyst for close to 15 years and has extensive knowledge of all of the commodity and option markets.
Michael frequently appears on multiple business networks including Bloomberg news, Fox Business, CNBC Worldwide, CNN Business, and Bloomberg TV. He is also a guest on First Business, which is a national and internationally syndicated business show.
Precious Metal Futures-- Precious metals in New York this week had a wild ride to the downside with gold finishing up $1 an ounce this Friday afternoon at 1,393 and was up nearly $30 in early trade just to selloff near session lows and during the week sold off about $105 dollars since last Friday settling at 1,501 and traded as low as 1,335 hitting a new 2 year low and as I’ve been advising in previous blogs I remain very bearish the precious metals sector, however I do believe that the easy money has been made and you could chop around here for next couple of weeks due to the fact of such a dramatic selloff which was the worst selloff since 1983 as investors see no reason to own gold at this point in time despite the fact of easy monetary policies throughout the world. Continue reading "Weekly Futures Recap W/Mike Seery"→