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Interestratedifferential

CAD/JPY Buy Set Up Update Since my last video, CAD/JPY, has pushed above ¥100.00 on the exchange rate. We now have the Bank of Canada talking about the possibility of 0.75% rate hikes, as inflation hit 6.70% this week, far above economists forecast for a rise to 6.10%. The Bank of Japan maintains its stance to use yield curve control to keep interest rates low, sighting low inflation expectations over their forecast horizon. The interest rate differentials between Canada and Japan continue to widen, supporting further strength in the Canadian Dollar. With Oil prices remaining elevated, the commodity-linked currency could continue to strengthen against the Japanese Yen.
Long
by KayansMarkets
3
USDJPY no rally one sided retail traders and relative weakness.This chart is a bit tricky. www.mql5.com It appears bearish long term, however with stocks making new highs many maybe a bit scared to go short this pair. I understand fully on this fear. What scares me is the huge amount of retail longs in this pair. Its about 73%, I do not remember the last time a pair rallied when the retail traders where one sided to this degree. A good example was the start of this week. At 1.4977 16% of EURAUD traders were long.....The chart appeared bearish and I am sure many continued to jump in. I went long but then got scared out before we saw a 230 pips rally in 2 days. I am not taking this off of the technicals I am taking this more on the fundamentals. With the USA having issues at the moment, and OIL down we may see some issues in stocks, however today stocks are up. We will see tomorrow with NFP. I am shorting this pair lets see how it goes. P.S. Interest rate differentials have increased a little so this may also get more longs into this trade.....
Short
by fxlivedaytrading
AUD/NZD's Multi-Year Cycle in Full Swing [Time For the Bulls]Another super awesome 'trade of the ages' on this SVP {Super Valuable Pair}! Another Super Valuable Pair similar to this one with identical price behavior is the FX:AUDCAD . Remember the NZD/CAD trades opposite to this one due to the negative correlation. I've been waiting forever for this Inverse Head & Shoulders to complete and lift-off and the party has now truly begun. Target's #1 and #2 have already been hit and the neckline hasn't even broke yet. My 3rd Target is the neckline itself then we really look forward to pyramiding those Buy positions aggressively. This sexy beast is just getting started just like almost all the other pairs with huge Daily and Weekly Head & Shoulder's formations like the Yen pairs just to name a few because they are literally popping up everywhere. I think Year 2016-2017 will be remembered as the year of the Head & Shoulders :) The AUD/NZD and GBP/NZD have a high level of positive correlation with each other so I really expect both pairs to push tremendously higher. The only upcoming event that may potentially hurt any British Pound momentum is the "Brexit" decision which is on June 23rd, 2016 so we'll see but until then I'm bullish FX:AUDCAD , FX:AUDNZD and FX:GBPNZD . However, I'm bearish FX:NZDCAD , FX:EURNZD and FX:NZDJPY which I will talk more about at a later time. Good luck traders, and may all your trades be profitable!
Long
by FractalEyeZ