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Yen rallies after weak Chinese data and plunge in the Nikkei boost risk aversion : May 24, 2013

Fri, May 24 2013, 01:35 GMT

Forex Market Outlook on Majors RSS | by AceTrader Team (AceTrader)

Market Review - 23/05/2013 22:58GMT Yen rallies after weak Chinese data and plunge in the Nikkei boost risk aversion The Japanese yen rallied after reaching a fresh 4-1/2 year low yesterday after weaker-than-expected Chinese data and selloff in Japanese stocks boosted risk aversion. The yen was also supported due to the jump in 10-year Japanese government bond yields, which rose to 1%, the highest in a year. China HSBC flash manufacturing PMI dropped to 49.6 in May from 50.4 previously.

Weekly Harmonic Elliott Wave Outlook - DOLLAR INDEX

Tue, May 21 2013, 08:00 GMT

The Daily Forecaster RSS | by Ian Copsey (Harmonic Elliott Wave)

HOURLY CHART 21st May : I have had to concede that the more complicated sideways move is unlikely now. As things have developed I have had to change the count as shown above and this tends to fit in well with the lasrger wave degrees. Thus, we should now see the 23.6% - 33.3% retracement in Wave (iv) hold between 83.49 - 70 and for gains in Wave (v) that should reach the 223.6% projection in Wave -iii- at 85.31 at least. Take care in case this turns out to be a firmer Wave (v) and reach the

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