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Chart: How this recession compares to others historically.
By Sean Hyman | April 3, 2009
I ran across a chart from the people at www.chartoftheday.com that I found interesting and thought I’d pass it along to you.
Sometime between 3-8 months from now, we will likely be out of the recession. Being that stocks and currency pairs tend to “lead” that by some months…this bodes well for stocks in general and the carry trades (especially the exotics – ZAR, TRY, SGD …and NZD and AUD) from here.
It also means that the “strong yen” days are probably largely over and the U.S. dollar may not rally as hard over the coming months as it has over the past few months. Click on the chart below.
Sean Hyman
Forextradingblog.com
Tags: AUD, blog, carry trade, currency, currency pair, currency pairs, dollar, forex, forextrading, interest, nzd, recession, Sean Hyman, stock, stocks, time, trades, U.S., Yen
Topics: What To Look At In The Market | 3 Comments »
April 4th, 2009 at 8:07 am
so JPY/USD is a favourable pair among traders
April 5th, 2009 at 7:33 am
Sean Hyman!!
thank for your info.this is good ainfo for me.thank a lots
April 6th, 2009 at 2:13 pm
USD/JPY is how the pair is named. But you can choose to be long yen or dollar depending on whether you buy or sell. Buying USD/JPY is being long dollar. Selling USD/JPY is being long yen.
Yes, many traders watch USD/JPY. In fact, so far, it’s one of the few pairs to make it back up above its 200 SMA on the daily chart.
Glad you guys are enjoying the info. Thanks for posting.