Posted Feb 7, 23:53

China’s FX Dilemma

China’s FX Dilemma Chart
3 hours ago: 

January forex reserve data revealed on the weekend that China is burning through reserves at an unsustainable pace in order to strengthen the yuan. Yet the common theme remains that China wants to soften their currency. We look at the dilemma officials are facing and how it will end. In the Premium trades, Ashraf closed the USDJPY and GBPJPY shorts at 320 and 335 pip gains respectively. Many clients questioned his decision to short USDJPY 45 mins after the BoJ announced negative interest rates.

"فيديو جديد - خاص للمشتركين العرب "التوصيات القائمة و المحتملة بعد الوظائف الأمريكية

PREMIUM INSIGHTS Update: Feb 5, 18:36
Dollar Finds a Footing Ahead of NFP Feb 4, 2016 23:17: 

Middling economic data persisted in the US but markets showed some signs of stabilization ahead of non-farm payrolls. The Swiss franc was the top performer while the pound lagged after the BOE. Australian retail sales are up next. In the Premium Insights, the EURUSD long was closed with a 273-pip gain, while a new GBP trade was added shortly before the BoE announcement. At this point, 5 of 6 existing trades are currently in the green.


Dollar Dumped, Oil Jumps Feb 3, 2016 23:31: 

Dovish Fed comments and a soft ISM non-manufacturing index contributed to a massive run on the US dollar Wednesday. The dollar suffered 200 pip losses on multiple fronts as commodity currencies surged. Asia-Pacific traders have a relatively quiet calendar to sort through the wreckage. In the Premium trades, GBPUSD was stopped out, while all existing 6 trades are currently in the green.