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This thread was started in response to the Analytic:
Speculators' Futures FX Positions
The weekly figures on traders' futures commitments obtained from the Chicago Mercantile Exchange's International Monetary Market shed valuable light on the developing flows pursuing one currency versus another.
why the GBP is advancing today even that the only news out today were the German PPI which produced an as expected result?
kind regard
Thanks, and good luck for you too.
I don't have NOK either right now. But I suppose go to travel there this summer and I will open an bank account in that country to save some my money there.
Cheers!
YES I also prefer the Norwegian krona but I dont usually trade with them, because the spread is very wide and the interest is not high for me to hold it for long time.
I prefer to hold the AUD the swap is excellent
Good luck in your trading
I am very bullish on both Krona. And I am prefer NOK.
You know that the country has a lot of oil. And the country's balance sheet is always super surplus.
My trading account in base on Swedish Krona and Canadian Dollar. haha...I like oil.
Yes you are probably right, 1 hour for the New York close and we are still in the green, if it closes like this then expect farther gain in the AUD during the Asian Hours.
Qin As you live in Sweden what is your outlook in the Swedish Krona and the Norwegian Krona?
I am not thinking about it yet. I am waiting the result that how the stock market close up today.
If it close up in green, then Japanese will sell yen in Asia market and stock market in Asia will rise too maybe.
So I will move my stop up little by little...because I still see it is just a profits taking season.
I will keep AUD/JPY as long as I can, the interest rate is good for me. AUD/JPY has drop from 80 to 75.
And Japanese traders said that their target is 86 this year.
Well done you are in profit now, what is your profit target in the AUD/JpY ?
by the way, If the stock market close in Green.
I think Japanese will use it to sell more Yen.
Good luck with your positions!!
I didn't short AUD/JPY. I long AUD/JPY at 75.5....
I know that many trader and Arshaf recommend to Long Yen......but I think that Japanese traders don't like to see Yen go to break 95 USD/JPY.
So I sell Yen and buy AUD.
Best regards
Qin
Yes the CAD made a late come back today, thankfully I closed 1 lots from my 5 lots at 1.142.
USD fall because of the comment from Pimco and Russia & china , Combined with stock rebound .
You wrote
I long AUD/JPY at 75.5.....and put my stop loss at 75.6
Do you mean you short AUD/JPY ?