#Dollar-#Euro has had a wild ride in the last month...

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#Infographic: Rise of the #Yen #FX Contracts | OpenMarkets

http://openmarkets.cmegroup.com/wp-content/uploads/Yen-Infographic.jpg

In terms of currencies, 2013 has been the year of the yen.  Japan’s Prime Minister Shinzo Abe took office in December 2012 with the promise to devalue the currency, and make the country more competitive in global trade. He’s delivered, and markets have followed with great interest, causing many to declare “currency wars” as other economies have raced to adjust the value of their currencies in response.
Abenomics, as it’s been called, has taken hold, and CME Group’s FX markets have responded, breaking several yen trading records, including the monthly average daily volume record in June. At the same time, we’ve seen that Fed officials have indicated that the end of QE is near, so long as the unemployment rate appears on a path toward 6.5 percent in 2014. Both central bank actions seem to have un-pegged the dollar and yen in recent months.
We created this infographic to trace the economic events this year with the growth in JPY/USD trading.

Infographic: Rise of the Yen FX Contracts | OpenMarkets

Global Currency Wars Sees Swiss Franc Devalue 8.5% Against Gold In Week | ZeroHedge

Gold in Swiss Francs

Gold in Swiss Francs – 5 Day (Tick)


Gold in Swiss Francs in Nominal Terms – 40 Years (Quarterly)
From zerohedge.com:
The Swiss franc’s 10% plummet against gold this week clearly shows how cash is far from ‘king’ and no fiat currency in the world, in any bank in the world can be considered a “safe haven”.
Gold is again becoming the sovereign of sovereigns and reasserting itself as the safe haven money and asset par excellence.
If the Swiss franc, long considered the safest fiat currency in the world, can devalue 10% in a week, then it can happen and likely will happen to other currencies as well.


Global Currency Wars Sees Swiss Franc Devalue 8.5% Against Gold In Week | ZeroHedge

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GBP/USD Technical Analysis

Cable Technical Analysis

GBP/USD Technical Analysis

Recovery in the Pound today sees the pair back above 1.6266. Visible topping on the daily chart combined with the pairs inability to post a close above 1.6400 keeps the outlook bearish. Watch for a further run at 1.6426 high.

1.6222 provides initial support, with a break of 1.6140 targeting 1.5935.
GBP/USD Technical Analysis