DailyMarkets.com - Forex Trading: Yen Sinks Against Majors

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• Forex Trading: Yen Sinks Against Majors
• Introducing RTT On Balance Volume
• COMMODITIES – Gold May Rise On US Data, Oil Eyes Inventory Report
• Sri Lanka Keeps Interest Rate Unchanged, As Expected
• Bearish Tripwires

Forex Trading: Yen Sinks Against Majors Posted: 23 Oct 2012 01:23 AM PDT Yen Sinks against Majors The yen hit a three-month low against the dollar and 5-1/2 month against the EUR, as the JPY remained pressured by persistent speculation that the Bank of Japan may decide on more monetary stimulus at a policy meeting next week Economic News USD – Dollar Hits 3-Month High versus the JPY The dollar hit a three-month high against the yen on Monday, as the yen remained pressured by persistent speculation that the Bank of Japan may decide on more monetary stimulus at a … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Introducing RTT On Balance Volume Posted: 22 Oct 2012 10:00 PM PDT On balance volume is a great tool to measure volume activity. However we had to improve it to better show off Wyckoff price and volume relationship. Hope you like it. Available to readtheticker.com members with an RTT Indicator … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

COMMODITIES – Gold May Rise On US Data, Oil Eyes Inventory Report Posted: 22 Oct 2012 09:53 PM PDT Gold may rise with the S&P 500 as economic data hints the US economy continued to improve in October. Crude oil looks to inventory figures for direction. Talking Points Gold, Silver May Rise with Stocks as Richmond Fed Survey Buoys Sentiment Copper Technical Setup Boosts Likelihood of Bounce with Overall Risk Trends Crude Oil Continues to Carve its Own Path, API Inventory Report in Focus Commodity prices continue to look toward US event risk for direction cues as traders weigh the ability … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Sri Lanka Keeps Interest Rate Unchanged, As Expected Posted: 22 Oct 2012 07:38 PM PDT     The Central Bank of Sri Lanka kept its benchmark repurchase rate steady at 7.75 percent, as widely expected, as the pace of export growth had slowed moderately while the inflation rate was expected to remain in mid-single digit levels in the medium term.     The central bank, which has cut rates twice this year for a total of 75 basis points, said tight monetary policy continues to pay off, with private sector credit expansion easing further and the annual inflation rate … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Bearish Tripwires Posted: 22 Oct 2012 12:12 AM PDT As the stock markets weakened on Friday, the SPX closed just under its 50-day moving average, an important level of technical support. The weakness was confirmed by the Dow Jones Industrials Average: Is it time to sell everything and turn more cautious? What the bears need to do Here is what I think the bears need to do in order to gain the upper hand. First, European markets are still holding above their 50-day moving averages and I would like to see them decline below the 50-day MA to … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

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