DailyFX Forex Radio - Upcoming Fed Beige Book Critical to Dollar, Dow - What Can We Expect?
By DailyFX Radio | September 4, 2007
· Dollar loses on carry trade bounce, but Treasury yields suggests gains may be short-lived
· Euro and Dow await critical Fed Beige Book to gauge likelihood of rate cuts
· Be sure to view the rest of the week’s event risk on the DailyFX Forex Calendar
To discuss these or any other FX topics with the DailyFX analysts, check out the Forum
Click Link to Listen to our Evening DailyFX Radio PodCast:
http://media.dailyfx.com/podcasts/FXRadioPM090407.mp3
Subscribe in
Tags: carr, carry trade, dailyfx, dollar, forex, forex trading, fxcm
Topics: DailyFX Radio Podcasts | No Comments »
Dow - September Seasonality
By DailyFX Updates | September 4, 2007
It’s the month of September and as such it is time to remind everyone about the seasonality factor in the Dow during the month of September. The following chart shows that in the past 108 years, the Dow has on average fallen 1.35 percent in the month of September.
Therefore if you think that the Dow and carry trade relationship will continue to hold, then you would have to think that if seasonality takes hold of the equity market again, carry trades would continue to weaken.
Tags: carr, carry trade, dow, forex, forextrading
Topics: DailyFX.com Updates | No Comments »
DailyFX Forex Radio - US Dollar Suffers As Carry Trades Rebound - Will They Turn Tomorrow?
By DailyFX Radio | August 29, 2007
· US Dollar crumbles under pressure as carry trades rebound
· Forex markets likely to remain driven by risk aversion trends, but Thursday’s US GDP data could shake things up
· Be sure to view the rest of the week’s event risk on the DailyFX Forex Calendar
To discuss these or any other FX topics with the DailyFX analysts, check out the Forum
Click Link to Listen to our Evening DailyFX Radio PodCast:
http://media.dailyfx.com/podcasts/FXRadioPM082907.mp3
Tags: carry trade, dailyfx, dollar, forex, forex blog, forex news, fxcm
Topics: DailyFX Radio Podcasts | No Comments »
FXCM’s adding new pairs!
By Tim Shea | August 23, 2007
We’re now in the process of adding 4 new pairs to trade on certain account types, which will open up exciting new trading opportunities. AUD/CHF is being added to all accounts, while GBP/CAD, GBP/NZD, and USD/DKK are being added to 100k accounts.
I think the most exciting new prospect for me is the GBP/CAD. It has a surprising amount of volatility (rising 3800 pips in 2006, and falling 2500 so far in 2007), and when it moves, it MOVES. For example, from Nov 17 to Dec 1, 2006, it rose 1,200 pips… with NO retrace on the daily. Not a single red candle! That will make it a great new choice for trend and momentum traders.
Next is the AUD/CHF.
GBP/NZD also will hold a lot of interest for those who desire volatility. From July 26 to Aug 16, its moved a whopping 3,850 pips. Right now the Euro is at 1.3400. If it added 3,850 pips, it would be at 1.7250. I don’t see that ever happening in a month. Do you?
Finally, the only new currency being added is the Danish Krone, abbreviated DKK. This will be paired with the USD and offer a new method to trade the Europe/US relationship. The DKK is maintained in a tight trading band with the Euro, so trading USD/DKK is kind of like trading the inverse of EUR/USD. I’ll be interested to see what kind of strategies traders develop for this pair using the correlations between the EUR, DKK, and CHF.
I wish I could give you a date on these new pairs, but I don’t have one yet. In the meantime, you can get excited by taking a look at some charts of them. This chart can load those pairs: http://quote.fxtrek.com/misc/fxcm.asp
Tags: carry trade, carry trading, currency trading, forex trading, fxcm, pips
Topics: What's New at FXCM | 3 Comments »
DailyFX Forex Radio - Carry Trades Slowly Pick Up As Equity Traders Gain Confidence
By DailyFX Radio | August 22, 2007
· US Dollar loses steam as carry trades start to pick up, but ranges likely to prevail until Friday
· While Treasuries have taken a hit as well, markets are still expecting a cut by the Fed - what are the possible scenarios?
· Be sure to view the rest of the week’s event risk on the DailyFX Forex Calendar
To discuss these or any other FX topics with the DailyFX analysts, check out the Forum
Click Link to Listen to our Evening DailyFX Radio PodCast:
http://media.dailyfx.com/podcasts/FXRadioPM082207.mp3
Tags: carry trade, carry trading, dailyfx, dollar, forex
Topics: DailyFX Radio Podcasts | No Comments »
Pound/Yen - Defining a Bounce
By Eliseo Agas | August 22, 2007
Shorting into the JPY crosses after the tremendous free-fall they’ve had the past couple of weeks is definitely a high-risk idea and not for the timid. But since we like eating risk for breakfast let’s consider this idea…
Following up on my previous post, I find it more comforting to wait for a bounce after a strong selloff or downtrend before potentially getting into a short. On the Daily chart for GBP/JPY we have this bounce developing. What is the risk? The risk is that the current buying could go higher before potentially coming back down. Continued buying could be likely given the circumstances so beware getting in too early.
If it breaks higher at this point there could be a lot of follow through as bulls pile in to reestablish their carry trades. This is definitely the scariest part of this idea and would crush the short. But no risk, no reward, right? Just make sure you have your stops in place if you decide to get into this. Or, you could also wait on the sidelines to see more selling pressure develop first before timing your entry.
Tags: carry trade, forex, forextrading, jpy
Topics: Better Use Charts - Use Charts Better | 1 Comment »
DailyFX Forex Radio - US Equities and Carry Trades Gain - Is The Liquidity Crunch Over?
By DailyFX Radio | August 20, 2007
· US Dollar little changed, but Dow and carry trades rebound - is the liquidity crunch over?
· Traders now look forward to critical Canadian CPI Report
· Regardless of the inflation release, USD/CAD risks may be to the downside
· Be sure to view the rest of the week’s event risk on the DailyFX Forex Calendar
To discuss these or any other FX topics with the DailyFX analysts, check out the Forum
Click Link to Listen to our Evening DailyFX Radio PodCast:
http://media.dailyfx.com/podcasts/FXRadioPM082007.mp3
Tags: carry trade, dailyfx, dollar, forex
Topics: DailyFX Radio Podcasts | No Comments »