Hello,
New to this board and somewhat new to Forex. But this is a question for the Bigboys. I am trying to understand the interrelationships between currency pairs, the sympathetic and inverse relationships.
Specifically, why is the Chf/Jpy in such an uptrend...since Fed has given Equity market its wish..., markets should rise...and are ...I would think $ would be the currency of choice again as investors convert their currencies to $ to participate...right?, and not a flight to fear/Swissy...Or am I missing something in that the Carry trade equation has nothing to do with my logic so far...?
If someone would look at the chf/jpy chart...it has been on a flight path to mars...nothing is stopping this rise...or better said, what would stop it...? A Stockmarket tumble or a powerful rise in US stockmarket...? perhaps their is no relationship at all...if so I am really confused..no doubt I am!
Another thought with carry trade...what would make a base currency unwind at all...lest it be for a better interest rate right...and their are no better spreads then jpy...? I get the feeling that the main buyers of swissy are the swiss banks themselves, wanting to push their currency up...I cannot see the logic in this pair and is their no short play soon?
Ok...thats a mouthfull of confusion...Thanks in advance for your kind replys
Respectfully
Bob
New to this board and somewhat new to Forex. But this is a question for the Bigboys. I am trying to understand the interrelationships between currency pairs, the sympathetic and inverse relationships.
Specifically, why is the Chf/Jpy in such an uptrend...since Fed has given Equity market its wish..., markets should rise...and are ...I would think $ would be the currency of choice again as investors convert their currencies to $ to participate...right?, and not a flight to fear/Swissy...Or am I missing something in that the Carry trade equation has nothing to do with my logic so far...?
If someone would look at the chf/jpy chart...it has been on a flight path to mars...nothing is stopping this rise...or better said, what would stop it...? A Stockmarket tumble or a powerful rise in US stockmarket...? perhaps their is no relationship at all...if so I am really confused..no doubt I am!
Another thought with carry trade...what would make a base currency unwind at all...lest it be for a better interest rate right...and their are no better spreads then jpy...? I get the feeling that the main buyers of swissy are the swiss banks themselves, wanting to push their currency up...I cannot see the logic in this pair and is their no short play soon?
Ok...thats a mouthfull of confusion...Thanks in advance for your kind replys
Respectfully
Bob