Ashraf Laidi Gives Update on USD/JPY, EUR/USD, G20 Meeting, Carter Worth on Market Technicals (BNN)

Ashraf Laidi, Chief Market Strategist at CMC Markets, was on BNN giving his thoughts on USD/JPY (Dollar/Yen), EUR/USD, the G-20 meeting and Central Bank currency interventions. The Yen is very strong at the moment and Ashraf said the Bank of Japan might try to squeeze USD/JPY shorts after the G20 meeting. See Ashraf's interview here (bnn.ca). If you remember, a few weeks ago the BoJ tried to defend USD/JPY support but failed. Currency trading is all about gaming Central Bank moves. I wonder how much insider trading goes on. Also check out the USD Future flash crash today courtesy of @NicTrades. She said some trades were cancelled.

Carter Worth, Chief Market Technician of Oppenheimer & Co., was also on BNN and said the S&P 500 ends the year where it started, REITs move higher (based on lower interest rates) and Gold and Apple consolidate after powerful advance. See Carter's interview here (bnn.ca).

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