Chart patterns suggest that dollar/yen has a high probability of retesting the lower edge of the trading channel near 95. » Read More
Six weeks ago US Federal Reserve Chairman, Ben Bernanke, put markets on notice that changes were coming. It was a gentle hint to reform their own houses, or have reforms been forced upon them. When speaking in Georgia, Bernanke chose to address the topic of clearing. It was an early warning that changes were coming. The most obvious of these would be adjustments to the level of margins.
Daryl Guppy is an independent technical analyst who appears frequently on CNBC Asia.