As yen is gaining and gaining, there are numerous comments about possible CB intervention. In relation witih USD$ there is 85 area, which could prompt some yen selling.  The thing is that Japan is now booming country. It has similiar problems as other countries. And also there isn’t any interes rate differential that could lead such inflows in yen. Only carry trade unwinding (around 4% GDP) .

Source: TradePort2

So, where will trend stop? It’s hard to say, but some day yen will start losing appeal. For american investors who hold japan euqity that is a rising risk. To the contrary for american consumers it’s a good thing that yen drops little.

Looking at EURUSD we can see, that it wasn’t long below 1,3. So we can say that EURUSD is back on bull track:

Source: TradePort2

Will it be 1,4 or 1,47? We’ll see. But with weaker USD, gold, silver and oil are getting higher and higher…

Hop on, hop off. But soon, it will be hop on and stay on. Especially if these technical signs are getting attention - on 1hour graph we can see double bottom and on daily graph we can see good base for breakout:

 Source: TradePort2

 Source: TradePort2

But it is not just TA. In media there is a story  that is getting louder and louder - it’s about supply crunch. See BMO Capital or this article.  It seems that low prices will eventually call higher prices due to lower suppley. And if we read GS forecast,  than we can expect that investors psychology will reverse…

It’s another bloody day. Market crashed and everyweher we look, we can see red numbers. Especially financials…

 Source: TradePort2

It is funny to see, that investors are dumping also shares of companies, which have stable operations, good cash flow and low debt. Such occasions are good for long term investors. And also for any hostile takeovers. When they appear, then will get a good sign that crisis is coming to an end…

It seem as every one hates it (?). It is in downway trend and all we can say is: everyone is expecting further devaluations. Russian central bank did that 17 times so ruble is trading around 30% lower against US$. Similar as other commodity currencies.

Source: TradePort2

This move is  sinhronized with oil movemen, where new predictions mention TP below 20$ per barell. Will we really see these numbers?

In Slovenia goverment is rising oil tax. Between curently and lowest level few weeeks ago there is at least 10 cents diference. If there will be the same amount of sold oil then there will be extra 60 mio EUR in goverment budget per quater. Nice.

In last two months silver tanked below 9$ per ounce on few occasions. But now it appears that silver is slowly picking up.

Source: TradePort2

Is this one more signal that $ is doomed?

In the last 2 months we could watch British Pound depreciation. Parity with Euro was really close and even today’s correction is not removing any suspicion.

Source: TradePort2

For English exporters and Euro tourist weaker Pound is a good sign. But it will be the central bank that will deceide how much lower we go.

Parity with Euro  brings one beer story which is really funny. In Ljubljana the beer cost around 3 Euros. Same as in Vienna. And same as in London. Since when we have same standard as Brits? Few years ago it was 3 Deutsche Marks vs 3 Euros vs 3 Pounds.