The recent move up in USDJPY has been characterised by a state of denial as everybody believed it should be faded as a “risk trade”
As a consequence, as equities kept falling, everybody waited for USDJPY to follow
Belief was that the most recent fall in Equities was on the back of us moving into the “Economic” dynamic rather than the financial dynamic
What it means is that Japan was a hedge against financial distress (Less leveraged,stronger banks etc) but not economic distress
As economic distress Globally came to the forefront and in Japan in particular (Horrible GDP numbers, collapsing exports etc) the JPY [...]
Entries Tagged as 'FOREX Strategies'
FX Technicals - USDJPY - Fast downside moves
March 11th, 2009 · No Comments
Tags: Forex Signals
Emerging market currencies reach new lows
March 9th, 2009 · No Comments
This was another poor week for emerging market currencies as a whole, with a number reaching new record lows against their base currency (including the Hungarian forint, Indian rupee, Mexican peso and the Turkish lira), another set reaching multi-year lows (including the Argentine peso, the Kenyan shilling, the Korean won, the Mauritius rupee, the Taiwan dollar and the Tunisian dinar) and one formal devaluation (the Armenian dram).
KOREA: The Korean won has been the worst performing currency in Asia over the last seven months. Early this week, it appeared that the trend was continuing as the currency fell from 1,534 per [...]
Tags: Emerging Market Strategy
USDCAD set a new multi year high
March 9th, 2009 · No Comments
$CAD has moved higher this morning as stops have gone of at 1.3000. This now sets a high we haven’t seen since 2004. There are short positions lingering around the market, so this could go higher even.
Tags: Forex Signals
How Mutual Funds Work
March 4th, 2009 · No Comments
Mutual funds provide one-stop shopping for investors. You can own shares in lots of companies by buying shares in just one mutual fund.
There are many mutual funds in the United States, and you can find one specializing in just about any industry, investment philosophy, or stock type you can name. Shares are valued by adding up the value of the stocks owned and sub¬tracting expenses. The resulting sum is called net asset value (NAV).
To illustrate, assume you start your own (very small) mutual fund. You sell 100 shares each to your husband, your parents, and your in-laws, and hire Jo [...]
Tags: Fixed Income Strategy

