Currently holding a short......Sunday a holiday AND Greenspan speaking. I better watch it....![](https://resources.faireconomy.media/images/emojis/64/1f615.png?v=15.1)
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USD/JPY Discussion 7 replies
NZD/JPY Discussion 12 replies
long eur/jpy, gbp/jpy, usd/jpy 11 replies
EUR/USD Bollinger Band Discussion 3 replies
Suidster's GBP/JPY Discussion 19 replies
Dislikedi am a new trader who has dumped all his money into currenices. i am trying to figure out the usd/jyp pair after the fed came out with there decision. can someone help me?
thanks in advance!!Ignored
DislikedCongratulations on your investments...The first reaction to the news by the market was a strengthening in the yen as the U.S. currency appeared less attractive with their rate cut. However, the usd/jpy turned around and followed equities as it has been most of this year, not to mention the U.S. still has a substantial advantage over the yen with it's interest rate still 4.25% above the bank of japan's. The best currency pairs to take advantage of the rate cut, was to go long the eur/usd or the cable as they have competitive interest rates. This cut in interest rates has also spurred traders to once again take up the carry trade as the yen was the big loser for the day. I hope I answered your questionIgnored
Dislikedi am a new trader who has dumped all his money into currenices. i am trying to figure out the usd/jyp pair after the fed came out with there decision. can someone help me?
thanks in advance!!Ignored
DislikedWord to the wise...... When I began my FX career I earned 5k my first day and thought I was invisible. I was up for a while and then one day lost 12k in a few hours and then proceeded to lose 60k or so over the next several months earning 2k one day and losing 3 the next. It is easy to think this is a simple way to get rich quick and it is if you have a lot of luck and make the right trades. Most would probably agree the best way to earn wealth with this crazy market is to be conservative and grow your wealth slowly. Stick to your rules because the minute you go against them it will haunt you.
I hope that doesn't sound condescending but it is advice offered from learning the hard way. It's tough to see even 10k lost in the abyss let alone substantially more.
Good luck, it sounds like you have a good thing going.Ignored
Dislikedwats FOMC
is it a short word for something
if ur can please tell me bout itIgnored
Dislikedwats FOMC
is it a short word for something
if ur can please tell me bout itIgnored
Dislikedthe Euro should at least test 1.40 and I think there is room for a movement to at least 1.41 perhaps by the end of the week. However, there is a downside risk in the immediate short term for the euro as the market may consolidate. But all in all, I see nothing to stop the euro's advance for the medium term. Look to tomorrows housing numbers. Weak housing data and a decrease in inflation may propel the euro higher.Ignored