Shorting the EUR

Happy to close another round of profits from EUR shorts in the morning. Stopped out from AUD/USD due to sudden reactions.

The Weekly Review: Up?

The USD pairs all went up after news from the US side. AUDUSD continues its strong state. USDJPY seems weak and still stuck in a consolidation.

EURJPY is cautiously moving higher.

US Stocks

As mentioned previously, Dow Jones Index is in a big consolidation.

Hong Kong Stocks

Watch for Hang Seng Index and China Index (Not SG China stocks). I'm seeing a potential bull coming up.

Singapore Stocks

STI is playing cautious. But a potential bull in the making?

The Weekly Review: Strong Rebound!

EURUSD turned into a weakness and now in the middle consolidation. Aussie is strong in here as there seemed to be more room to go. USDJPY bouncing back in the consolidation. Will it break up?

While EURUSD is weak, EURJPY is strong. In fact all JPY crosses are strong with the exception of GBPJPY. Biggest winners were EURJPY and AUDJPY.

US Stocks

The Dow Jones Index staged a strong rebound after the Fed Minutes. While you were worrying about the US shutdown and dumping your stocks, the big boys were constantly buying up. Hence the result of a strong rebound!

Apple in a consolidation. 

Hong Kong Stocks

Hang Seng Index is now in a consolidation range. China's trade balance is just up with worse than expected results of 15.2B instead of forecast of 25.2B. So how will the market will turn up? Down?

Singapore Stocks

Straits Times Index had a strong rebound also. Friday was a down day as people took their profits.

Noble Group had a breakout after a consolidation. The big boys started buying already at the consolidation phase at around 0.80 and if you spotted their buying you are now in big profit!

Wilmar in a certain consolidation also. Look out for it.

Gold

Gold continues to slide. How low will it slide? Good to be short Gold. Just beware of sharp stop hunt by insidious big boys.

The Weekly Review: Nice Rally

EURUSD fared well this week but still very volatile on the last two days of the week. AUDUSD seems to be going up but that a few pinbars on the daily and another pinbar on the weekly chart has me on the conservative side. USDJPY still forming a consolidation pattern before that huge breakout.

US Stocks

The Dow Jones Index has a very nice straight rally with a pause on Thursday and continuation on Friday. Will it go higher?

Apple gapped down after its announcement of the new iPhones.

Hongkong Stocks

Hang Seng Index is having a pause here after a few days of gaps up and rally.

Singapore Stocks

STI seeing another pause and probably a consolidation.

Noble Group had a good rally on Thursday. Sold down by profit taking on Friday. Will more rally to come?

I completely missed out on Ezra. Too bad it should have been a good trade.

Yangzijiang was also another good stock that BBs were trading.

The Weekly Review: USD Gains Strength

This week ended with the EUR/USD in a long fall while EUR/JPY kept strength. The AUD/USD continues its fall this week, probably falling further.

USD/JPY gained huge strength this week after Ben Bernanke's talk on tapering off Bond purchases. Currently it hits its resistance so will it break up and continue its rally now that interest rates are set to rise soon?

US Stocks

Dow Jones Index reached its another support.

Apple did not manage to gain strength and continues down.

Singapore Stocks

Seems like Singapore stocks still continues with its second wave of selling. Or is it the last wave?

STI recovered strength on Friday. Covering shorts?

REITS continued its selling.

Commodities

Gold continued its fall further as USD gained strength and investors bailed out.

The Weekly Review: Is There A Bottom?

EUR/USD continued to show strength in the week as USD weakens. The rising Yen continues to push JPY crosses down. Currently EUR/JPY has reached its first support. Will see next week if it bounces or not. AUD/USD is struggling at support, waiting for the breakout of its last major support. If it breaks down, then you are in for cheaper AUD.

US Stocks

The Dow Jones Index still hanging on to support.

Singapore Stocks

The Straits Times Index bounced on its support as short sellers took profits on Thursday and buying started on Friday. So retailers, to buy now or to wait? You decide.

Commodities

Gold is currently in a volatile consolidation if you are trading it. The biggest movement has yet to come. Death of gold?

The Weekly Review: Start of the Correction or Crash?

AUD/USD continues its weakness but slowing down on reaching support. EUR/USD bounced from its bearish state and reverses upwards as USD continues to weaken. EUR/JPY slowly moving down as JPY gains strength.

JPY crosses are slowly moving down as the JPY strengthens up. Will see more movement down from JPY crosses especially from USD/JPY and AUD/JPY.

US Stocks

Stocks are pushing down on the Friday. Notice there was a double top.

Totally missed out this great short. Weeks of bulls wiped out within 3 days.

Singapore Stocks

This reminded me of my previous post on the "The REITS Bubble". Panic sell in just a week.

Dividend stocks like StarHub are taking huge hits.

The Weekly Review

Extremely volatile week again, Eur/usd looks for a bearish turn while the Yen is pushing the Euro up. Aud/usd had a nice drop following that large pinbar. We shall see the new week if Aud/usd will breakdown or again push up which is very frustrating for trend traders. Eur/Jpy will be tricky also esp when there is the pinbar but sentiment is still bullish.

Commodities

Gold has given a dramatic plunge (Hurray for gold bears!) Now it has hit the fibonacci support at 38.2% forming a pinbar. Buyers came in to buy physical gold when news reported of gold becoming cheap. This comes to mind, are we looking at a correction or the masses are just chasing fool's gold?

The Weekly Review

Friday ended with some big movements. EUR/USD seems to have touched its weekly resistance while EUR/JPY had some pullback. On the weekly, EUR/JPY seems to have another potential of moving further up. AUD/USD will probably still in a limbo. We will see how will they unfold in the coming weeks.

US Stocks

Dow Jones Index continues its rally.

Singapore Stocks

Potential further upside for Kepland?

Mapletree Logistics is still rallying at a crazy rate.

Commodities

What made Friday the hottest topic that every trader was talking about was the price of gold. Gold was hovering on its support till probably some big bank sold big amounts of gold causing the breakout of its strong support. Gold might rebound and test it's new resistance. If it fails to break up, then I guess gold value will continue to fall and normalize, in the worst case senario at $1000.

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?