Forum > View Topic (Analytic)
by Ashraf Laidi
Posted: Aug 21, 2008 1:27
Comments: 55
View Analytic
This thread was started in response to the Analytic:

US EU Bond Yield Spreads

Rather than simply comparing currencies' overnight interest rates, FX traders pay close attention to differentials in 10-year yields for the market's assessment of longer term interest/inflation rate horizons. The relationship is straight forward.
 
Ashraf Laidi
London, UK
Posts: 0
13 years ago
Jun 5, 2009 15:28
Risk-reduction traders take over and USD gains across the board. Not only theer were reports that the payrolls should have posted bigger declines but the fact that Unemp rate was so much greater it caused no reason for celebration thereby reducing the risk appetite trades. Only about 30 minskater that stoccks went lower. Still looking for USDCAD at 1.1190, EURUSD at 1.3970 and cable 1.5850.

Those who are long Aussie may hold on to it as the pair may recover more rapidly at the next upturn in appetite.

Ashraf
mo
liverpool, UK
Posts: 123
13 years ago
Jun 5, 2009 15:14
Hello Qin
I am glad it worked out well for you today :-)
About me I am swing/ position trader , At the moment I have 5 standard lots long USD/CAD position which I opened 2 days ago at the 1.0810 level my profit target is around 1.13 -1.15.
have nice weekend:-)
Qin
Jonkoping, Sweden
Posts: 492
13 years ago
Jun 5, 2009 14:56
Hey, Mo
By the way, I don't think I will entry again today, waiting for next week.

About USD/CAD, I think maybe it will go 1.3 to 1.4.......Anyway...keep in touch!!!
Qin
Jonkoping, Sweden
Posts: 492
13 years ago
Jun 5, 2009 14:52
Hey, Mo
I just short USD/CAD when the report came out and after 2 minutes I closed again. I made some money and survived.

Did you short or long anything?? I don't have any position with me now.

Good luck!!
cougr
Australia
Posts: 101
13 years ago
Jun 5, 2009 14:40
Gotcha Mo
mo
liverpool, UK
Posts: 123
13 years ago
Jun 5, 2009 14:33
Hello cougr
I meant to say long USD/CAD and hedge this position by buying AUD/USD

cougr
Australia
Posts: 101
13 years ago
Jun 5, 2009 14:25
Hi Mo , did you perhaps mean to say in the last sentence of your post below : ......and to short usdcad ?
mo
liverpool, UK
Posts: 123
13 years ago
Jun 5, 2009 14:00

Qin, I agree with you, out of all the currency I am watching I think the USD/CAD is SCREAMING for reversible, Specially after the BOC yesterday comment and todays poor unemployment numbers. So I guess if you want to enter long you could buy AUD/USD and short CAD/USD. good luck
Qin
Jonkoping, Sweden
Posts: 492
13 years ago
Jun 5, 2009 13:27
Hey, Mo
I usually watch the USD/CAD, if the rate being flat for 1 or 2 days, usually it signal that reversal is coming soon.

Good luck!!
mo
liverpool, UK
Posts: 123
13 years ago
Jun 5, 2009 13:19
Qin I am in The Same dilam.
Long term I believe that commodity currency well rally against the usd. but I still think there will be a big correction before that. So I am staying side and waiting for the AUD and CAD to get to 72-3 and 1.19-1.17 to go long, for the time being I think it is very risky to enter long.