Comments on: Market Snapshot http://www.chrisperruna.com/2008/06/27/market-snapshot-2/ A blog about trading, finances, success and life itself Fri, 30 Dec 2011 14:18:33 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Richard http://www.chrisperruna.com/2008/06/27/market-snapshot-2/comment-page-1/#comment-18717 Richard Mon, 30 Jun 2008 14:36:04 +0000 http://www.chrisperruna.com/?p=1509#comment-18717 The daily chart of EUR/JPY, FXE:FXY, the barometer of the yen carry trade, shows that the yen carry trade is unwinding. The weekly chart of FXE:FXY shows that the yen carry trade has topped out. Crown Forex writes "As for the Yen being the star in the forex market, risk aversion and investors risk appetite was able to help the yen gain against majors in the markets as investors were unwinding their carry trades taking the USD/JPY pair down to the 106.20s as the dollar continues to lose ground. Against the Euro, the yen gained from a record low at 169.45 to continue dragging the pair down to the current support level at 167.12 while the GBP/JPY is currently at 211.10s". Risk aversion will rise significantly as corporate profits turn down; investors who sell stocks will be looking to the financial safehaven of gold. And a higher yen means a lower US dollar; in as much as gold trades inversely of the dollar; gold will be going up. The daily chart of EUR/JPY, FXE:FXY, the barometer of the yen carry trade, shows that the yen carry trade is unwinding. The weekly chart of FXE:FXY shows that the yen carry trade has topped out.

Crown Forex writes “As for the Yen being the star in the forex market, risk aversion and investors risk appetite was able to help the yen gain against majors in the markets as investors were unwinding their carry trades taking the USD/JPY pair down to the 106.20s as the dollar continues to lose ground. Against the Euro, the yen gained from a record low at 169.45 to continue dragging the pair down to the current support level at 167.12 while the GBP/JPY is currently at 211.10s”.

Risk aversion will rise significantly as corporate profits turn down; investors who sell stocks will be looking to the financial safehaven of gold.

And a higher yen means a lower US dollar; in as much as gold trades inversely of the dollar; gold will be going up.

]]> By: SS7: Todd Harrison & Chris Perruna Are Wise, Bill Gates Tries To Be Sexy | TIM - Timothy Sykes http://www.chrisperruna.com/2008/06/27/market-snapshot-2/comment-page-1/#comment-18698 SS7: Todd Harrison & Chris Perruna Are Wise, Bill Gates Tries To Be Sexy | TIM - Timothy Sykes Sat, 28 Jun 2008 13:41:09 +0000 http://www.chrisperruna.com/?p=1509#comment-18698 [...] Some solid market technical analysis by CP [...] [...] Some solid market technical analysis by CP [...]

]]> By: Angelo http://www.chrisperruna.com/2008/06/27/market-snapshot-2/comment-page-1/#comment-18674 Angelo Fri, 27 Jun 2008 15:21:38 +0000 http://www.chrisperruna.com/?p=1509#comment-18674 Hi Chris look at this chart,does it have the making or a good short,or a risky play because because its a comdity play. 102.00 put option are $4.00 That more that I like to spend but I know max I can loose. http://stockcharts.com/h-sc/ui?s=SLX&p=D&yr=0&mn=4&dy=0&id=p56677943907&listNum=16&a=143988483 Hi Chris

look at this chart,does it have the making or a good short,or a risky play because because its a comdity play. 102.00 put option are $4.00 That more that I like to spend but I know max I can loose.

http://stockcharts.com/h-sc/ui?s=SLX&p=D&yr=0&mn=4&dy=0&id=p56677943907&listNum=16&a=143988483

]]> By: david http://www.chrisperruna.com/2008/06/27/market-snapshot-2/comment-page-1/#comment-18673 david Fri, 27 Jun 2008 15:21:35 +0000 http://www.chrisperruna.com/?p=1509#comment-18673 a picture is worth 1000 words... a picture is worth 1000 words…

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