Carry Trade Back in Play?
With JPY weakening since the past 2 weeks, Fear of US Recession does not seem to dampened the appetite for Carry Trade.
With AUD/JPY Leading the race.Our Favorite Comm dollar has been on a rampage the past month, This is mainly attributed to the High risk of Inflation The Australian Economy is facing. (more…)

Well, From the Previous Market outlook, everything seems to go as predicted in that outlook.

No Major News Coming out on the 8th of January 2008.

Market went Out “GUNS BLAZING” yesterday after the interest rates statements from ECB and BOE, US Data came out lower but still better than previous month’s drop. All This Weighing down on Cable and EUR/USD.

The Previous Charts i posted is still Valid for Friday, so a move to the downside for Both Cable and Euro is still probable. I’m Leaving that aside for now, and I’m Going to have a look at AUD/USD today. (more…)

This is a video summary of the Live Forex Trading Room session on November 7, 2007.

Today’s Summary, by Sunil Mangwani:

Out of intraday trade setups today, we traded just one. The Yen pairs were going crazy in the Asian session, and have been dropping like a stone. We managed to catch the GBP/JPY - and did not anticipate such a large move.

The Divergence was certainly there - a Bearish Divergence. We entered our Short trade based on our Fibonacci Fan levels, and price went far beyond the expected target levels. We did not ride the price all the way down, however. This trade was a good example in the room of the effectiveness of Fibonacci Fans in general, and how to use them. (more…)