October Curse vs. Objective Analysis: The Choice Is Yours

October Curse vs. Objective Analysis: The Choice Is Yours October 12, 2010By Elliott Wave InternationalOver the weekend, I went shopping for Halloween decorations. In the store, one of the clerks was wearing a white T-shirt with a puff-paint rendering of the Dow Jones Industrial Average. The line representing prices was the color of blood red, dripping and splashed across the front. When I asked him...

The Yen set to fall against the Philippines peso

Whilst I am looking at exchange rate action, its noteworthy for Japanese people and Western expats living in Japan that they ought to consider buying property in the Philippines. Why? Well...the Yen is about to fall, so it would be a good idea to remit money before the currency collapses. Property yields in Japan are about 12-13% now, compared to 8% in the Philippines. The difference however is that...

The AUD play with a Japanese property twist

The AUD-JPY is not a currency I have been giving much attention to of late because my focus has been on the commodities (AUD-USD) rather than property. Though since I have an interest in Japanese (foreclosed) property, I was interested to look at the implications for the property market....which is offering yields of 12-13%.We can see from the chart that the AUD might be strong against the USD, but...

Australian dollar going to $1.15

The AUD is just about to reach parity with the USD. Followers of the currency price action might have reflected on the trends in the other currency. In this era of currency realignment, you might be thinking that the prospects for a strong USD will mean a weak AUD. I would challenge this point of view. In the short term, I would not be surprised to see the AUD find resistance at parity, but I do believe...

Currency market realignment coming - JPY:USD

Just as we are going to see a turnaround in the EUR, we can also expect a turnaround in the USD against the Yen. Japan has been complaining of late about its reduced export competitiveness. Of course this is just justification for printing Yen to repay the debt which is denominated in Yen. i.e. The Japanese have to debase the currency in order to inflate asset prices, in order to stimulate some spending...

Currency market realignment coming - EUR:USD

There are some important developments occurring in the currency market. We are about to see a change from a weak USD to a strong one. Not yet, but we are close. The justification is going to be:1. Stimulus measures in Japan which will weaken its currency2. Stimulus measures in the EU, which will refinance Greek/Spanish debts, but also expect some broader-based stimulus.A turnaround in the USD will...