Thread: A Weekly Look, Week Ending 1/29/16

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  1. #1

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    "The Bank of Japan unexpectedly cut a benchmark interest rate below zero on Friday, stunning investors with another bold move to stimulate the economy as volatile markets and slowing global growth threaten its efforts to overcome deflation."
  2. #2
    agrohimwpy
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    Default A Weekly Look, Week Ending 1/29/16

    The dollar's daily cycle peaked on day 7, formed a swing high and delivered a trend line break to signal the daily cycle decline. The move by Japan caused the dollar to rally over 1 on Friday. This appears to have forced an early daily cycle low to form since the dollar ended up closing above the upper daily cycle band.

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