Archive for July, 2007
« Previous EntriesHow Bad Can Carry Trade Losses Become?
Tuesday, July 31st, 2007For those who are still long carry, you may be interested in the following:
Carry Trades Liquidation: How Bad Can it Get?
Carry trades have sold off significantly over the past few weeks with GBP/JPY being the biggest loser. Having fallen from a high of 251.15 down to its current level of 241, it […]
DailyFX Forex Radio - Forex Markets See Significant Volatility on Stocks, Overnight Critical to Carry Trade
Tuesday, July 31st, 2007Click Link to Listen to our Evening DailyFX Radio PodCast:
http://media.dailyfx.com/podcasts/FXRadioPM073107.mp3
Key Points
· Dollar sees volatile trade on choppy stock market action,
carry trade to dictate future of dollar performance
· Overnight Japanese data limits the likelihood of
further Japanese interest rate hikes until later this year
· Check out our new and improved
Weekly Calendar!
To […]
Euro Coming Back?
Tuesday, July 31st, 2007After the selloff last week, EURUSD seems to have held support in the 1.3600 area. But are buyers serious about coming back at this point? With U.S. PCE about to be released this morning it’s a tough call.
Attached are the daily and 4-hr charts for your viewing pleasure. I’d personally wait for price confirmation with […]
DailyFX Forex Radio - Dollar Dips on Stabilization in Carry Trade: Further Gains to Follow?
Monday, July 30th, 2007Click Link to Listen to our Evening DailyFX Radio PodCast:
http://media.dailyfx.com/podcasts/FXRadioPM073007.mp3
Key Points
· Dollar Falls on Signs of Stabilization in Carry Trade -
Tomorrow eyes significant event risk
· Carry trades bounces, but
has overall risk appetite returned?
· Check out our new and improved
Weekly Calendar!
To discuss these or any other FX topics with the DailyFX analysts, […]
Why a Weak Dollar May Not Close the Trade Deficit
Monday, July 30th, 2007Interesting article written by the Federal Reserve:
“With the U.S. trade deficit at high levels, many look to a dollar depreciation to curb the U.S. appetite for foreign goods by pushing up the cost of imports. Yet three factors—the use of the dollar in invoicing U.S. trade, the market share concerns of exporters, and sizable U.S. […]
DailyFX Forex Radio - Japanese Yen and Carry Trades Steal Headlines
Friday, July 27th, 2007Click Link to Listen to our Evening DailyFX Radio PodCast:
http://media.dailyfx.com/podcasts/FXRadioPM072707.mp3
Key Points
· Japanese Yen Continues to Steal headlines -
Rallies against all except dollar
· Carry trades unravel on risk aversion -
Carry Basket Drops Considerably
· Check out our new and improved
Weekly Calendar!
Tags: dollar, forex, forex news, forex trading
The Bounce Is Your Friend
Friday, July 27th, 2007Okay, so the subject isn’t as catchy as, “the trend is your friend” but it’s just as valid (more below).
With all the JPY crosses crumbling on daily charts like it was going out of style and the majors experiencing similarly strong moves, I hope you were all able to catch a piece of the action.
I […]
GBP/USD - More Room for Losses
Friday, July 27th, 2007The GBP/USD came below our favored first standard deviation BB yesterday. (see chart) It has now also broken below the 20-SMA. I am looking for the pair to move down at least another 100 pips to 2.0175 on a break of today’s low at 2.0275. The reason why we need a break is because we […]
Like to Trade News?
Thursday, July 26th, 2007Find out how to do it properly.
Tomorrow we have US GDP due for release. Everyday on DailyFX+ we publish an article titled “Trading the News”. This article teaches new traders proper to way to trade news releases - which is to wait for the market to react first before getting. We also […]
Have FXCM Trade For You
Thursday, July 26th, 2007Lately, it seems like we’re coming out with something new everyday. The latest product from FXCM is Managed funds. These are designed like mutual funds, where FXCM’s computer systems do all the trading for you based on extensively tested automated systems. We’ve been offering the successful Sentiment Fund to clients for some time now, and […]
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