Saturday, April 6, 2013

The Weekly Review: Making Yen Cheap

We had a very big rally this week thanks to the BOJ. JPY crosses were explosive. EUR sets for a comeback while the AUD/USD looks bearish. AUD now looks stuck at the support waiting for the breakdown. USD/JPY might continue to rally as it broke out of the high.

US Stocks

Seems the Dow Jones Index fell last night and recovered. Still stuck in a consolidation range.

Has Amgen finally reached the top?

Singapore Stocks

Singapore stocks looked very weak on Friday with most stocks plunging down.
Genting on the lifeline.

Properties looking weak.

But REITS are still going strong.

Commodities
Gold had reached its major support and rebounded.
Let's take a look at the weekly.
Will gold rebound? Or will it breakdown and cause a gold panic?

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