Malaysia

Quoting msmsms

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sounds philosophical, very fine, i like this. uncle soros is a philosopher, not a financial man. but he made heaps and tons of money. read his book "the alchemy of finance". great.

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Quoting ff.alexyong

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Is FOMC normally generate high wave?

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Gbp/ Usd
The Pound suffered two Fundamental blows recently; the Northern Rock Bank getting into trouble and needing a $100 million bail-out, and the Monetary Policy Committee (MPC) of the Bank of England voting 9-0 to lower Interest Rates. Both were enough to keep Trade Desks on the Short side of things last year. Nothing seems to have changed.

The Technical difficulty, now that the chaos has subsided, is being able to break back above, and hold, the $2 area. It has not been an easy feat previously to be able to break and move higher. With no link to any kind of Commodity there is no reason for Trade Desks to have to touch the Pound, the only ones nibbling at it now may be the Central banks that hold it as part of their Reserve.

Yen
The Yen has strengthened dramatically today, not out of a desire to be Long a commodity that cost Trader desks money to hold past 17:00 EDT, but as an automatic reaction to Global Equity Markets jumping all over the ‘Sell Button’ which in turn creates ‘Buy Yen’ trades as ‘Risk Aversion’ takes place. The automatic link is very simple to follow; Bonds Higher, Equities Lower = Yen Higher.

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By NewstraderFX, Today 2:27am, Topic Central Banks FOMC Meeting Minutes And The Markets
Just a quick note here regarding the minutes. Markets obviously had a bad reaction to the ISM, which does show some dangerous trends. That means the Fed's message here will be watched very closely and will likely ellicit a very strong market response.

Economists are talking about a worst-case scenario for the US economy. No, not recession-stagflation. Stagflation is an economic condition defined by rising inflation and falling growth, which is a much tougher monetary issue then inflation by itself or even recession. Adding to the concern is today's intra-day high for oil-the magic $100/bbl area, which means that on an inflation adjusted basis, oil is now at a three decade high.

A hawkish tone in the minutes at this time is a dangerous situation for the equity/carry trade markets and is likley to set off another round of risk aversion (depreciating JPY crosses as the Yen is bought). The best trade there could be with shorting GBP/JPY, given the weak UK fundamentals. A dovish tone should be supportive, but with markets as nervous as they are (and because the Fed is already expected to ease at the end of January), I would wait a gauge the reaction before making my decision.

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The trend for the dollar will be weakness vs. the Euro and Yen, but strength vs. the Pound in Q1 2008. The Euro will appreciate and continue to replace the dollar's reserve currency status as the U.S. economy continues to cool during this period. Market turmoil will also accelerate the dollar's losses vs. the Yen as carry trade positions are further unwound. Two factors will lead to the dollar's gain on the Pound; unwinding of carry trades and UK economic weakness leading to further BoE rate cuts.

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With no link to any kind of Commodity there is no reason for Trade Desks to have to touch the Pound, the only ones nibbling at it now may be the Central banks that hold it as part of their Reserve.

Quoting borneopip

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Carry Trade unwinding !!
Nasty ! Imagine cute Japanese housewives jumping out from the windows

Why don't just short the Stock Market Index like DAX..
Easy 190% profits per trade . Short DAX at 8077. Current price is 8001

Currently CADCHF 298 pips in the profits. Short it forever
EUR/CAD 207 pips in the black.. What a good year..
Never touch GBP pairs

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Quoting kusniagos

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I've been following this thread and quite new here, which platform you use to trade DAX n CADCHF? Mine FXDD don't offer them. I lost quite a lot last few monts, now picking up the pieces slowly. Tried the Hi & LOw 8hrs technic from the Trading System. Looks good yesterday demo manage 100pips.

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Quoting Dollarhunter

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Assalamualaikum and happy new year.
Seems it's still bearish for the yen.Got to be more discipline
in order to make it BIG this year.
No one can guess though.
Hopefully this year there will be no more and arguing on unnecessary issues. Hope this thread will be more educating.
Let bygone be bygone and let's thread and trade with harmony.

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Quoting Babyboy

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Hi R00m,

Good Morning.... to all ....

Managed to grab 40 pips from EU after wake up .... .
Managed to grab another 10pips EU and 40pips UJ on demo... Just because not confident to trade ....

Anyway, small fry like me .... gaining 40pips is more than enough for today ... . Hope you all too get the market share t00 .....

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Quoting Babyboy

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y0 S@V@NT bRUDER...

What do you think of GJ today ??? Target 1.9650 area.. according to http://auslanco-fx.blogspot.com/ ... I might not interested in GJ but more on UJ ....

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Quoting savant

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I already took out my short for yesterday, profited over 500 pips on it since yesterday. I just entered long on 216.80 , SL 216.30 TP 218.10. Why i long bcoz, GJ never get to break the resistance since yesterday so it might retrace abit. UJ .. hm... still bear is stronger than bull on 4H, weekly and monthly chart so careful 109.13 my resistance for UJ ,hard to break that i think.

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Quoting G33maroon

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Admire you have the guts to touch the index. But i'll trade anything the yen can offer now . Trades entered, and continue my sleep.

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Quoting hus7

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morning bro,
what might u think u want to trade yen now, any specific FA/TA

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