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  1. #1
    Administrator Martin Kay's Avatar

    Hot Top 5 Market Moves of the Week - 01-05/04/13 !!!

    Bogdan's Top Five Мarket Мoves of the Week are here! Check them out and find the most important movers of the week!

    Originaly posted by Bogdan G.

    Easter Monday

    Japan Overnight Call Rate
    04/04/2013 – Thursday early morning GMT

    UK Official Bank Rate
    04/04/2013 – Thursday at 11:00 am GMT

    Euro Minimum Bid Rate and the ECB Press Conference
    04/04/2013 – Thursday at 11:45 am GMT

    US Non Farm Payrolls

    04/05/2013 – Friday at 12:30 pm GMT

  2. #2
    Junior Member
    Hi! I want to ask Bogdan about Japan interest rate on Thursday. Why do you think Bogdan that if there is a cut in the rate the USD/JPY pair will go down? That will mean the JPY will become stronger when the rate is lower. As far as I know for all other currencies if the rate is higher the currency strengthens! Why it is totally opposite for the Yen??

  3. #3
    Legendry Member Michael Hodges's Avatar
    Quote Originally Posted by laic View Post
    Hi! I want to ask Bogdan about Japan interest rate on Thursday. Why do you think Bogdan that if there is a cut in the rate the USD/JPY pair will go down? That will mean the JPY will become stronger when the rate is lower. As far as I know for all other currencies if the rate is higher the currency strengthens! Why it is totally opposite for the Yen??
    Any moves taken by the BOJ will be aimed at devaluing their currency, the Japanese desperately want to see inflation come back to their country. Watch for weakness in the Yen which will appear like bullishness on the charts of USD/JPY.

  4. #4
    Specialist Member marvel's Avatar
    Do you think this weakening will continue further and we will see higher levels for the USD/JPY?

  5. #5
    Master Member vinayakm's Avatar
    Quote Originally Posted by marvel View Post
    Do you think this weakening will continue further and we will see higher levels for the USD/JPY?
    Yes. Japan is only now reacting to Abenomics in its fullest extent. The USD/JPY should continue to sink further, although I see a resistance level at 100.

    This is despite the recent bearishness in the USD/JPY currency pair.

  6. #6
    Legendry Member milos's Avatar
    Tomorrow will be a big market turbulence currency pair EURUSD, GBPUSD USDJPY.

  7. #7
    Solid Member Murphy13's Avatar
    Today, it will be a volatile day. The liquidity and market movements are already great and after the ECB meeting they could be even much greater. Could you share what is your betting on? I bet on bullish momentum in EUR/USD pair after the meeting.

  8. #8
    Legendry Member milos's Avatar
    During the ECB meeting and EUR/USD pair will rise 30-40 pips more less

  9. #9
    Veteran Member uj.forex's Avatar
    BOJ BOJ BOJ ....

    Amazing rallies held today on yen pairs.... As expected, BOJ announced easing measures in the start of april.... EJ was at strong support at 119.05 level... amazing rally took it to 123.90 so far.... USD JPY targetting 100.00 mark very soon...

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