367 replies to this topic

[dTraderB]

Es long 5121.75

[dTraderB]

Closed 5125.5

Es long 5121.75

[dTraderB]

NQ SHORT 17792.5

[dTraderB]

Es long 5131.5

[dTraderB]

Closed 1774.5

NQ SHORT 17792.5

[dTraderB]

McCLELLAN DROPPED 60 to minus 50!
https://www.mcoscill...t_breadth_data/

[dTraderB]

I am very patient... I wiil hold a big USDYEN SHORT POSIRION, scalp long & short, until the YEN reverses to LONG versus USD

"Asia's market spotlight on Friday falls on the Bank of Japan's policy announcement, as the cat-and-mouse game of when or if Tokyo intervenes in the currency market continues, and investors digest the latest U.S. mega tech earnings reports.



The BOJ decision and guidance from Governor Kazuo Ueda top the regional calendar, which also includes Tokyo consumer price inflation for April, producer price inflation from Australia and industrial production from Singapore

But the yen's slide to a fresh 34-year low against the dollar means Ueda will have to walk a delicate line in maintaining a steady, calibrated path to exiting ultra-easy policy while at the same time addressing the huge pressure bearing down on the currency.



Erring too dovish risks pouring even more fuel on the current yen-selling flames, while an overly hawkish stance could threaten GDP growth and spark unwanted volatility in financial markets.



One option policymakers are considering, according to Jiji news agency, is weighing up measures to reduce the central bank's government bond purchases. This would likely push down the BOJ's bond holdings, ushering in a phase of quantitative tightening, Jiji said."

[dTraderB]

Here are key developments that could provide more direction to markets on Friday:
Bank of Japan policy announcement
Japan Tokyo inflation (April)
Australia PPI inflation (Q1)

[dTraderB]

Es long 5118 LONG

[dTraderB]

Closed 5121

Es long 5118 LONG