Originally posted at forexfactory on August 27, 2010 They need to repatriate profits(which are in USD) and convert them to JPY. Many of them assumed a USD/JPY exchange rate of 90-95. Once USD/JPY started cracking 90 many exporters started getting jittery because they generally don’t want to repatriate profits at such a low level. The …
I have come to conclusion that the worst thing to happen to the forex market has been the releasing of the expert advisor within the MetaTrader platform. Metatrader has brought a lot of good to the trading world with a free charting platform that many brokers offer. But that forex robot/expert advisor component is a …
There is an interesting article on business insider about George Soros stating that he did not break the pound. George Soros: I Didn’t “Break The Pound” And Hedge Funds Won’t Singlehandedly Kill The Euro Either A lot of people think that Soros has ungodly control of the currency and financial markets, but it just isn’t …
Originally posted at forexfactory on Aug 20, 2010 Sounds like he was holding a One Touch option. Although It seems there was some typo or mis information in the article. No one is dumb enough(except rogue traders) to spend billions on kiwi trying to move the market 25cents (2,500 pips) in 15 fifteen minutes LOL, …
In my previous article, I talked about how John Paulson was sitting on a $500 million paper loss when his large stake in Sino Forest Corporation depreciated in value following allegations of questionable accounting. Now, Paulson has disclosed to his investors that he has completely sold out of his stake in the company. Paulson May …
An interesting New York Times article released a few years ago describing the Japanese housewives who moonlight as currency traders. Back a few years ago when the carry trade was in full swing there were many people in Japan and other countries playing the carry trade and making some decent money at it. They were …
Originally posted at forexfactory on Aug 12, 2010. Yup, usually they could get their quasi government agencies like Kampo/Japan Post to buy up some USD/JPY if they wanted to. For now the verbal intervention could cause some short covering temporarily (few hours or few days) Verbal Intervention will only get them so far. If equities …
I get tired of hearing many investors, or traders keep talking about the “noise” in the market. They conveniently like to keep claiming that the market is moving just based on “noise”. They like to use it as an excuse for their own poor market timing. I hear this especially from stock investors, when they buy a …
On critical skill to develop in your trading career is to be able to ask the right trading questions. But that alone is not enough. You need to ask the right trading questions to the right people, in order to get the best possible answers, then being able to adopt them and implement them. It …
Originally posted at forexfactory on August 9, 2010 There are times when a “risk aversion” NFP signals weak global growth and you get commodity currencies selling off and the dollar safe haven bid. Sometimes the market begins to price in the fact that the global economy will continue to grow, just not as fast as …