Charts I’m Watching: November 14, 2011

UPDATE:  10:00 AM And, this concludes the regime-change rally.  Did you catch UniCredit’s $10 billion quarterly loss?  The big Italian bank will shake up its investment banking and trading operations…presumably to avoid any future trading losses and investment impairments like it just suffered.  It will also go to the capital markets to meet its Basel … continue reading →

USD/JPY: How Low Can it Go?

Whether you’re Toyota or an investor in distressed Japanese debt, the USD/JPY relationship has rocked your world over the past few years.  I’m no expert on the Japanese economy, but I find the Yen’s chart patterns pretty straight-forward.  First, the view from 35,000 feet: Weekly since 1996 The most prominent features are the falling channel … continue reading →