USDJPY Strategy: SHORT at 87.00, Obj: 80.00, Stop 88.70 Seeing some corrective upside activity following the sharp breakdown which saw loss of the 88.00 recent Swing Low resuming the major downtrend. The penetration of the 87.09/87.11 Dec/Jan major ……
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The Euro rallied against the greenback for the second day to reach a high of 1.5084, and the single-currency looks poised to test the yearly high at 1.5146 as the economic docket reinforces an improved outlook for future growth. …
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European markets have put in a strong morning session with all major bourses well bid and trading above the 1.5% mark to the positive side. Equity strength followed a positive session in Asia on the back of a afternoon recovery in NY, a historic third con…
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EURUSD Only significantly breach through 1.5010 may lead quotations toward 1.4950 with a maximum reach estimated at 1.4880. Otherwise jump above 1.5110 may be halted not earlier than at 1.5140 and then at 1.5180 area. Moreover, in case correction ……
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Student’s Comment:

Trade would be entry short position at 93.0000, stop limit at 93.5000, with limit at 89.0000. Might not hit that level given trend, but this is a extremely interesting tool!

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•    US Dollar Up Slightly as US Equities Dip Lower - ISM Non-Manufacturing on Thursday
•    British Pound Rallies Following Hawkish Comments from BOE’s Dale
•    Japanese Yen Down Amidst Signs the BOJ is Losing Independence to Government Interests

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The euro is likely to face increased volatility over the next 24 hours of trading as the European Central Bank is scheduled to set monetary policy at 12:45 GMT on Thursday, and commentary following the rate decision could move the currency market as investors weigh the outlook for future policy.

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Despite passing through a week of excessive volatility; the market is in the same general place it was for the past month and a half: looking for a clear trend to once again establish itself. Risk appetite has been shaken fears of a Dubai default; because even though the threat wouldn’t pan out, we have already established how jumpy the market is and how readily the masses are to take profit and even short establish yield plays.

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The British pound has found support for a third straight day despite waning risk appetite as hawkish comments from BoE chief economist Spencer Dale generated support. The MPC voting member warned that policymakers need to be wary of driving up asset prices with loose policy.

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The US dollar and Japanese yen saw increased volatility following the release of the Federal Reserve’s Beige Book report, as it indicated that economic conditions had "improved slightly" in November.

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