Got back just few hours ago, so no real analysis yet. Trying to catch up on news and find this interesting.  The Brazilian Finance Minister,  Mantega, stated yesterday that an “international currency war” has broken out.   His comments in São Paulo on Monday came in response to a series of recent interventions by central banks, in Japan, South [...]

When a trend reverses, it can happen in a number of ways. It could simply turn around, without any warning. In most instances a parabolic price run up is needed, something that does not take place too often or truly major fundamental news must hit the wires. Most of the time, though, price action provides [...]

Now that the Bank of Japan has committed itself to weakening Yen through intervention, the question is – will it work? So far, the headlines, many economists and analysts are very skeptical of the outcome of this action. The prevailing opinion is that effort will be fruitless and the Yen will be making new highs [...]