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NZDJPY - the pair that should be taken into consideration by any trader

1. What drives the pair?
One of the important fundamental factors driving the pair is safe haven versus yield search. We must remember though, that New Zealand is not a high risk country! This is why we can see NZDJPY going up sometimes in spite of JPY currency index going up too. Both countries are 'far' from the rest of the world and both are 'isolated' as they are 100% insular. Although initial reactions to events like Brexit make JPY or CHF appreciate against everything, after the fi…
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USDCHF parity

The long time perspective proves that after a big retracement the pair likes to oscillate near 1.0 and rebounce down after it goes over the parity level. I do not see any reasons for that lack of trend to change much until december. My forecast is that the pair will range between 0.99 and 1.01 level for the whole month. Fundamentally, no rate hike on USD is to happen on november and judging from FOMC speeches even december hike is now questionable (although I believe the market will price in 50…
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anashape avatar
anashape 23 Paź

good job!

TInna avatar
TInna 23 Paź

wery well!

VictoriaVika avatar

Good article!

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Deutsche Bank not bankrupt

There is a lot of emotion right now when it comes to DBK shares. And also this will surely be the main topic to watch all the way through this trading week. As stated by the AFP report, the 14bn $ penalty could be lowered by about 2/3 (even to 5.4bn $), changing the situation drastically.
The miss-seling fine was to be equal to 14bn $, which was to be highest amongst banks. Due to the bankrupcy risk, as many experts stated, Deutsche Bank AG was at its record historical lows. In my opinion, bankr…
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TInna avatar
TInna 11 Paź

Very good!!)

anashape avatar
anashape 20 Paź

well done!

Yuliya_N avatar
Yuliya_N 21 Paź

It is nice article !

Yuliya_N avatar
Yuliya_N 21 Paź

Good luck

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Interesting correlations after Brexit vote

Everyone already knows about GBP becoming a risky currency right now. What became not that obvious is how EURUSD follows USDJPY moves:
Without any extra sketching we can see EUR depreciation against USD comes with JPY strenghtening. If we look further to the past the correlation started from right about Brexit. Beforehand, it was totaly different - USD appreciation against JPY meant same against EUR. How about trading long USDJPY and short EURUSD same time? Losing on one gives at least partial …
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ForexSecrets avatar

Do you have any idea what line BoJ won't allow USDJPY to cross ? How far are they willing to let it fall ?  They usually have a Price Mark ......

arjaq avatar
arjaq 7 Lip

I've heard about 100 and 75 lines. When will they actually intervene is a good question as the distance between 75 and 100 is quite huge.

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My first contest here

Started my first Dukascopy trading contest right now. The main strategy for first 1-2 weeks will be 'milking the Brexit', no suprise in that .
Later on I will try daytrade with some carry positions - tactics that always prove to provide the most consistent income.
My main goal stays as usual on my FX contests - keep the acc running and be profitable.
My predictions are:
  1. GBP depreciates if Brexit issue advances
  2. GBP rebounces fast if British resign from Brexit anyhow
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verindur avatar

Too much info to digest. ))

arjaq avatar
arjaq 3 Lip

I trade with news on (Bloomberg), data feed on other window and consider any pair that is relevant for trade at the given moment. It took me over 250k transactions through over a year to learn doing that efficiently, yet it is worth it I'd say. Also still = lot of space to improve on that method.

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