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Carry Trades, Margin Rates and all the FakesFor 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 majors crosses a very unappealing proposition as far as carry trades are concerned. Because of this the industry has moved on, quite some time ago. (As is the nature of the present, speculative bubble.) As for the top 5 of the majors, it's mostly about the US Dollar ; 1) USDCHF 2) USDJPY 3) EURUSD 4) NZDCHF (This one is likely to drop a few places, soon.) 5) CADCHF Then, there is the rampant "interest" (i.e, speculation) in all things BRIC vs. G10, for reasons which should be self evident. (Interest rate differentials, capital flows, etc.) I.e., MNX, CNH , BRL , ZAR , TRY versus the EUR, JPY and the USD. Thus, if one happens to be looking for volatility and low-hanging fruit out there, these FX pairs are deserving a fresh look. (They are volatile, though thus, be prepared!) Here is the "Central Bank Score Board"; ------------------------------------------------ - Swiss National Bank -0.75% - Bank of Japan -0.10% - Federal Reserve 0.00%-0.25% - European Central Bank 0.00% - Bank of England 0.10% - Reserve Bank of Australia 0.10% - Bank of Canada 0.25% - Reserve Bank of New Zealand 0.25% - Central Bank of Brazil 2.00% - Reserve Bank of India 4.00% - Reserve Bank of Russian Federation 4.25% - People's Bank of China 4.35%
by Nemo_Confidat
Forex Analysis on EUR/JPY - Sell Forex Setup The Eur/Jpy has a lot of potentials. The movement of price is dope. There is a lot of both buy-side and sell-side liquidity that needs to be taken out from the market by the banks and institutional traders. So we hope to see this pair fall to at least the level I expected. When trading this, one needs to note what to do whether to take full profits or take it in partials till it hit tp. After the break-in market structure from the upside to the down, there is now a retracement to the RTO level which will be retested before flooding to the downside. But what is more important here is for you to identify how the price action moves based on the setups.
Short
by UnknownUnicorn12056239