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Author: Ron Acoba

The Year Of The Japanese Yen

The world of currency trading has been on extreme volatility so far this year because of all the financial crisis major economies have been experiencing. So if you ask me what currency has been performing well, 2 answers come to...

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Canadian Dollar To Retreat Versus the USD?

For the past year or so, the Canadian dollar or the Loonie as some traders call it has overtaken the USD. However, it appears that the USDCAD pair could already be bottoming. As you can see from the chart above, the pair has...

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Technical Update On Gold

Gold has managed to record new all-time highs almost day after day as investors seek refuge on this precious metal amidst the ongoing global financial turmoil. Now having recently marked a high of $1,894.79 per ounce, will it...

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DOWn Jones: Where To Now?

The Dow Jones Industrial Average has been a major disappointment for investors worldwide as it virtually erased its gains for the whole year and more in a span of just 4 weeks. Many are now scared that index could once again...

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PSEi: Testing Some Major Supports

The Philippine Stock Exchange Index (PSEi) or PCOMP has been seeing some wild and scary ride for the last couple of  weeks. After enjoying consecutive days of marking new all-time highs, the index suddenly saw its gains for...

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Scored Some On The GBPJPY

Hi FX fellas! Here’s an update on my latest GBPJPY short. Last July 17, 2011, I shorted the geppy since its rally at that time appeared to be cut short by the 50% Fibonacci retracement level of its most recent down wave. A...

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