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Frb

MFG: Long term strategyThis chart indicates a strong relation of MFG (generally applies to most bank stocks) with gov yield rates - 5 year Japanese bond in this case. Considering the chart pattern, there is still a possibility of testing a bottom for a couple of months, but the stock price should soon catch up with the yield rate. As the downside risk is limited, we may be seeing a great opportunity to accumulate and add these stocks to your portfolio for income gain. FRB started rasing the funds rate. This may continue for a couple of years and it is best to watch their monetary policy. The current inflation we are experiencing is worldwide and BOJ will follow FRB - FRB is running ahead of BOJ. FRB will tell you when to exit.
NYSE:MFGLong
by Tomatrader-X
2
USD/JPY Reaches Six Year Highs!USD/JPY reached six-year highs and is currently testing fib resistance levels at 120.516 to move higher. If this first level of resistance is broken, the next level seems to be 121.607 and obviously new highs. The reason we are seeing this rally is largely precipitated by the invasion of Ukraine by Russia, dollar weakness after the Fed hawkish tone as compared to BOJ’s dovish tone. Of course, all these factors will play into the direction and momentum of this rally moving forward. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party. SUPPORT 1: $118.374 SUPPORT 2: $117.683 RESISTANCE 1: $120.516 RESISTANCE 2: $121.607
by Yohei183
Not the best day for the dollar, split in the ECB, April pound The pound “reacted” to the UK data came out earlier, more than calmly. Meanwhile, investors and traders are betting whether the pound will confirm the existence of the “April Rally” pattern or not. Recall that over the last 13 years (with the exception of the last year), the pound in April strengthened against the dollar. This was perhaps the strongest seasonal trend among the currencies of group 10. The reason for the existence of such a pattern is rather prosaic: many British companies are transnational. Received dividends abroad, they transfer them home, that means, convert them into pounds. This model worked even during the global financial crisis of 2008. But last year, by the end of April, the pound fell against the dollar. The reason is clear - Brexit. At the moment, experts are puzzled if last year was an exception to the rule and the pound will rise again in April. Or Brexit broke the pattern and April is no longer an indication that the pound will grow. Let’s back to yesterday's statistics. Industrial production in the US in March decreased by 0.1% (analysts had expected an increase of 0.2%). In general, this is another alarming signal for the US economy and the dollar in particular. It's going to be more interesting watching the statistics on retail sales in the United States on Thursday. If the data comes out weak, then sales of the dollar, apparently, cannot be avoided. Moreover, Charles Evans, the President, and CEO of the FRB of Chicago said that the scenario in which the Fed does not raise rates until 2020 is quite likely. Another interesting news was the information from Reuters that some ECB politicians believe that the bank’s economic forecasts are too optimistic because the weakness of economic growth in China and trade tensions persist. Although the information from Reuters is unofficial, the signal is negative for the euro both in terms of the state of the Eurozone economy and in terms of the fact that in such conditions it is not necessary to expect the ECB’s monetary policy to tighten in the foreseeable future. Let’s talk about macroeconomic statistics. The most important data from China (GDP, industrial production and retail sales) have already been published. All data came out better than expected, which should reassure the markets. In addition, the Eurozone and the UK inflation statistics will be published as well as Canada. It is also worth paying attention to data on the US trade balance. Also on Wednesday, Bank of England Governor Mark Carney is scheduled to give a speech, that could trigger a surge of volatility in pound pairs. As for our trading preferences, we will continue to look for points for dollar sales in the foreign exchange market (with the exception of USDJPY, which we are still buying), buying gold and oil in the commodity markets and keep on selling the Russian ruble.
Long
by Trade24Fx
QE Effects on SP500,USD/JPY,10Y-BONDS,DXYFrom the effects of QE in the past, I want to prepare for the risk in "QE3-end" in the future. I understand that Falling Stock-Price and Rising Bonds has occurred after "QE-end". I want to pay attention to lower interest rates after "QE-end". However, Stock price rise thereafter. This is the key? but.. We are confronted at time of "rate hike", this is different from the past two times. Reaction to this is what about? Market being aware of "rate hike" will be a support factor for USD. But, it is also downside risk of US-Stock.
by shuyatake