Central Banks vs. Cycles

The Central Banks have struck back, with BoJ's move to negative interest rates on Friday. I'm not convinced the dollar yen rally is sustainable. But with a net-line buy on the weekly chart, we have to respect the potential for more USDJPY advance. The next few sessions are important for the currency, as we'll see if this move was simply a one-and-done or a part of a larger trend.  More discussion inside!

013116spxAD

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013116goldyen

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I'll believe the dollar yen rally more if gold turns lower.

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Expectations

What should we expect this week? I suspect we see another example of my belief that the most volatile moves are the most rational, i.e. most easily understood. At least if you're looking at the correct calendar.

122015tidal

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Chart-a-Rama

Lots of pretty pictures today.

112215tidal

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112215spxAD

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112215eurofed

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Normalcy returns as Europe reaps the cheaper currency their money printing sows.
More charts inside!

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