SELL it for good. The Weekly; The Daily;
This is one of (if not "The") worst Carry Trade in modern times. (And it' is - will be - extremely illiquid when the time comes!!) The Weekly;
Beside the Title Chart, here are the rest; This is to illustrate just how much stronger is the YEN vs. the Swiss Franc. This one still has some ways to go.
For some strange reason the retail trade still appears to believe that the good old stand-bys are working as carry trades" ( AUDJPY , NZDJPY , GBPJPY , etc.) The fact remains that today, those don't even make the Top 5 of professional traders' (e.g., the industry) preference list. Interest rate differentials combined with existing margin rates make most of the...
The Title Chart is a representation of the impact of each 1% change in the (SP500) VIX on various currencies' (and Gold; Bitcoin) to tend to more (or less) toward Risk (instability) or Safe Haven (stability) characteristics . I.e. It depicts the relationship between market uncertainty and exchange rate movements of safe haven currencies (and currency...
Keep a look out here, Would prefer a higher pullback into Supply Zone
EURTRY has been approaching its all time high and hit into the bearish bat. Here we got a weekly shooting star broke to the downside, I would kinda love to take some short this week. Tiny position would be fine to try to hold as long as possible as a carry trade. Let's see how it goes yo!
I am now entered into a long term buy & hold position on GBPJPY. Price has broken out through multiple resistance levels last week on the back of the new conservative majority. Thursday/Friday saw the fast money come in to the markets with heavy short term buying. Price is now consolidating probably caused by profit taking on the speculation trades and the...
I make a trade today on this pair. USD have fundamental source to getting stronger, crossing MA gives the signal to BUY and the double bottom confirm the forecast. And the Long move give me carryprofit too.
USDTRY continues to grind lower and looks like it will soon test below the weekly Ichimoku cloud. Keep short and sell rallies!
Each trade I am allowing an 8,500-pip drawdown. I will be looking to scale in and also add in multiple positions when the opportunity arises. The first two levels I'm looking to get involved is 19.0300 sell limit and 18.9500 sell stop order. My final target is 17.4580. This is a carry trade. The estimated calculation for this pair is 1 lot 1 pip...
Fundamentally: - A divergence between eco surprise indices (US negative, ZAR positive) - Fed holding rates, interest rate differential does not shrink - Gold price edging higher XAUUSD already above $1340 Technically: Daily 32.8 Fib + descending channel tested Fake out candle -> short entry opportunity Trade : Enter short position, S/L slightly above fake-out...
Fundamentals - Hun core inflation above MNB target -> rate increase probably in March - wage growth steadily above 10% - GDP growth above expectation, 5% yoy The eco picture resembles scenario the Czech case from 2017 where the central bank started raising rates (wage pressure, inflation, housing prices) and the korona strengthened 6-7%. Technical - EURHUF...
The Russian currency has gained 5.7% against the Dollar thus far this year, following a large depreciation in December, resulting from an anticipation of more Western sanctions. The Ruble regained its strength in January though as the continuation of the US government shutdown and expectations of a global slowdown made the currency look more attractive. Most...
(BGM: Yesterday once more) This pair is a very good vehicle for carry trade, but in terms of carry trade, of course we still need stop loss and appropriate profit taking. "Every trade should have an entry and an out" If carry trade works, we can earn interest at the same time; if it fails, the interests could recover some of the risk. That's totally different...
USD/HUF reversed like in the textbooks (XABCD) till 161.8 Fib. The bullish trend still has rate differential support with Fed not being afraid to hike further despite Trump rhetoric. Next level is 295 previous high.
There is a big opportunity to make profits using carry trading strategy. If you open short position on EURTRY and hold it for a year, you will gain 15.9% on swaps.(usd account) Example: short position eurtry. volume 100k - 1 standard lot. 49.67$ will be paid to your account every time you hold your position overnight. (3 times over weekend). In one year you will...
Pros REER based TRY undervaluation: 47% National Bank stepped in to protect TRY Key to this position: limited market volatility and risk-on sentiment It is relatively expensive to short the TRY Cons Long-term fundamentals gloomy for Turkey