Highest Yielding Currency Thread inc. AUD NZD TRY

Apart from trading majors, it is very profitable (thanks to relatively bigger moves) to trade highest paying currency pair crosses, including AUD, NZD, TRY, ZAR and others.


Unlike most other threads, this thread is/will be dedicated to these crosses only, including but not limited to:

GBPAUD, EURAUD, GBPNZD, EURNZD, USDTRY, EURTRY, GBPTRY, USDZAR ...

Please feel free to add to these (like EURZAR...)

It is becoming widely popular to trade these pairs, as its becoming more widely available, and with tighter spreads

For ex: USDTRY used to carry huge spread (>200) but now, around (even less than) 10.

As developing world moves more into the world economy, look for even more competitive spreads.

As of today, I know couple of good brokers out there who offer most if not all of these crosses (don't wanna advert here, pm me if can't find it yourself with a google search)

Lets kick it off with NZD news release just recently. CPI is negative well that wasn't expected.

NZD sinking into long-term bear territory?

Almost all high yielding currency pairs turned longterm bearish with massive USD rally today; including AUD, NZD, TRY...

See screen for the support break in NZDUSD as a sample

Caution on USD rally...

Its here...

2nd leg down, to take out the lows in DOW and EUR/USD.

I bet DOW will go sub 6000 this time

High yields hammered down

As its becoming more apparent that the Recession is FAR from over, and a possibly to get even darker, the risk appetite that topped in Fall '09 is turning to risk aversion.

Hence, AUD, TRY, NZD, ZAR,... getting hammered.

Today's absolutely huge moves in these pairs have proved once again hove remarkable profits/losses trading these pairs could bring.

TRY targetting all-time highs of 1.82 and above

Since the markets' cry coming home to roost, as posted here at ForexFactory (i think it was the 3rd week of January I posted here), look at the daily moves of USD/TRY:

TRY targetting all-time highs of 1.82 and above

isnt it assertive?

Agreed. My opinion is there's the 2nd leg down coming in equity markets, which will be more severe. Hence, > 1.82.

These are fun, especially if you treat your trading like a 401k or similar investment account and have a regular monthly deposit. I like EUR/HUF, one of the highest paying pairs at Oanda, if not the highest. Hungary is closely tied to Euroland, so it's not as spikey as a TRY trade.

I had a 5:1 levered trade on EUR/HUF and a 2:1 trade on USD/TRY that earned me 50% in the last five months of 2009. I wouldn't get too levered since exotics can move dramatically and at weird times, but if you get lucky and catch it after a strong correction then you can pyramid into a big position and let your SL protect you.

Agreed Drzeus.

As the High yielding currencies seem to be rebounding in the last 48 hours. especially AUD and NZD are bouncing back big.

USDX stuck around 80, failing to gain momentum above that level.

1.35 in EURUSD is ground, 80 is ceiling in USDX now.

Expect further gains for AUD, NZD, TRY as long as USD fails to move and stay above 80.

USD rallied, to break 1.35 in EURUSD.