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The dollar continued its slide against the yen on Wednesday, moving within sight of a 15-year low versus the Japanese currency.
Just how low will the dollar-yen go?
The Shanghai Composite Index's recent breakout above the 2480 resistance level has been very strong, and there is high likelihood the uptrend will continue. However, it must be said that the index's chart shows a confused pattern and this makes it difficult to project current activity and set target levels.
Even though BPappears to have plugged its massive oil leak in the Gulf of Mexico, the firm continues to stay in the spotlight, with
BP's stock has lost about half its value since the Gulf disaster in April, or a $100 billion dollars. For investors, is it worth getting in now, or will the stock continue its sell-off?
From a chartist perspective, BP's stock has been the subject of "vulture trading," which pretty much means exactly as it counds. This is a trade that picks on the carcass after the stock's been killed by the market.
Seeing there's been quite a bit of interest in my recent comments on CNBC about the historical parallels between the Great Depression and the recent financial crisis, I thought it may be appropriate to elaborate further on the chart technicals behind the observation.
The causes may have been different, but the collapse of the U.S. markets in early 2008 followed the same behavioral patterns as the collapse in 1929. The recovery pattern seen in 2010, is also very similar to that developed in 1930.
The debate over where gold prices are headed has been a active one, with the bulls maintaining that fears of a slowing global economy will keep demand for the safe-haven investment strong; while the bears argue that the current price of gold, which has limited industrial use, is unsustainable in the long term.
From a chartist perspective, we're looking expecting a bullish scenario in the long term, but not without some selling pressure in the short term.
Daryl Guppy is an independent technical analyst who appears frequently on CNBC Asia.