Recap What I said last week, “Situation in Greece can cause extreme volatility that do not mean anything.” All week wild swings and ended up with nothing. Closed the week above Y-0 and midpoint.
Outlook Problems in Greece and China are not resolved. They are suppressed only. More violent intraday swings until we have clarity of both situations.
Lawrence's Comment
Recap
Par level failed to hold induced a slide down to 0.99. Closed the week at the low below Y-2.
Outlook
Failing to hold par level means 0.98 in play ...
Lawrence's Comment
Recap
As mentioned last week, strong support at Y-0 with more upside expected. Unfolded without surprise. Closed the week above Y+1 and midpoint.
Outlook
Aussie and Lonnie are both under the influence ...
Dow 30 Jul 13 to Jul 17 Outlook
Lawrence’s Comment
What I said last week, “Situation in Greece can cause extreme volatility that do not mean anything.” All week wild swings and ended up with nothing. Closed the week above Y-0 and midpoint.
Outlook
Problems in Greece and China are not resolved. They are suppressed only. More violent intraday swings until we have clarity of both situations.
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