04
Jan
2008
Sold AUDUSD, Still Long EURJPY, Short USDCNY
Posted by Tom as Forex
What a brutal week for Forex and the USD. My EURJPY longs positions got beat up bad and I had to reduce my aggregate position for a loss. I guess I should start looking at synthetic carry trades as some readers have suggested (thanks Soren). Still my outlook for this pair is bullish BUT I’m reaching my last line [...]
02
Jan
2008
EURJPY Beats Me Up
Posted by Tom as Forex
Wow, what a brutal day to be long EURJPY. I guess the Kimono Traders (they drew first blood) bought back their Yen really fast today after the USD plunged on bad economic news! Everyone was trying to get out the the USDJPY carry trade because the Fed is likely to cut rates on the USD [...]
30
Dec
2007
Year End Thoughts on Forex, the Economy, Real Estate, and Gold
Posted by Tom as Economy, Forex, Futures, Random, Real Estate
YAHOO.Shortcuts.annotationSet=YAHOO.Shortcuts.annotationSet||{};YAHOO.Shortcuts.annotationSet['lw_1199062066_0']={”text”:”London”,”weight”:0.25,”type”:["shortcuts:/us/instance/place/destination","shortcuts:/us/instance/place/gb/town"],”category”:["PLACE"],”metaData”:{”geoArea”:”1390.88″,”geoCountry”:”United Kingdom”,”geoCounty”:”Greater London”,”geoIsoCountryCode”:”GB”,”geoLocation”:”(-0.12715, 51.506321)”,”geoName”:”London”,”geoPlaceType”:”Town”,”geoState”:”England”}};YAHOO.Shortcuts.annotationSet['lw_1199062066_1']={”text”:”China”,”weight”:0.378195,”type”:["shortcuts:/us/instance/place/cn/country","shortcuts:/us/instance/place/destination"],”category”:["PLACE"],”metaData”:{”geoArea”:”9.3721e+06″,”geoCountry”:”China”,”geoIsoCountryCode”:”CN”,”geoLocation”:”(104.16565, 36.894451)”,”geoName”:”China”,”geoPlaceType”:”Country”}};YAHOO.Shortcuts.annotationSet['lw_1199062066_2']={”text”:”New Zealand Kiwi”,”weight”:1.71066,”type”:["shortcuts:/concept"],”category”:["CONCEPT"]};YAHOO.Shortcuts.annotationSet['lw_1199062066_3']={”text”:”Pakistan”,”weight”:0.25,”type”:["shortcuts:/us/instance/place/destination","shortcuts:/us/instance/place/pk/country"],”category”:["PLACE"],”metaData”:{”geoArea”:”876758″,”geoCountry”:”Pakistan”,”geoIsoCountryCode”:”PK”,”geoLocation”:”(69.359703, 30.441851)”,”geoName”:”Pakistan”,”geoPlaceType”:”Country”}};The year is beginning to wind down and I’m looking forward to closing out my Forex trading with at least one position in AUDUSD and possibly a second in EURJPY if my buy order gets triggered when London opens. All this intervention by the banks can’t stop [...]
