Home > March 2012 > Trading Diary, March 30,2012 End of Fiscal Year for Japan

Trading Diary, March 30,2012 End of Fiscal Year for Japan

March 30th, 2012
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Australia is giving the market a little bit of a rally with traders coming in to buy the Aussie. Australia beat estimates on Personal loans, plus they benefitted from a stronger JPY vs the USD when Japan posted better PMI data and passed that Sales Tax Increase (party members are upset over it). In the Asia Session AUD/USD went to 1.0402, Eur/USD 1.3365, Eur/JPY 109.50 (still below trendline). USD/JPY at 82,02. With the end of the Fiscal Year for Japan, the repat of funds are helping the Yen, we will see if BoJ will try to stop that. End of month is also positive for CAD and Euro (over the payment that is made by to BoE to them)…yet, the EU Fin meeting could swing everything. Tonight we get EU CPI data and German Retail Sales. US session chicago PMI and core consumption.

March 2012

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  • Trading_Nymph

    Adam at FX, a fantastic currency trader, responded to my analysis of central banks…here is his take…It took me a few minutes to find the time to respond…
    First, thanks for posting, it’s always good to hear ideas. I don’t follow auto sales super-closely and I’ve never heard of them described as a leading indicator but if NFP and the ISMs are good, the dollar would do well, especially vs yen.
    You make a good case for weaker euro. Everything you wrote there is logical.
    Australia isn’t going to cut. I’m skeptical that they will even be more dovish.
    Overall, you get it. You’re tuned in to all the right things and putting the pieces correctly to form your own analysis. Have a great weekend, you’re definitely ready for next week

  • Trading_Nymph

    lol, Resistance was NYSE a-d volume was 339,000,000…its not a final number but it looks like we are at 320,000,000 ish. So we tested resistance, But still in a downward bias, downtrend.

  • Trading_Nymph

    Have a Great Weekend Guys…bye spit.

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