World Clocks

Thursday, June 21, 2007

June 18-22 2007 USD Long Term Strength

The USD strengthening continues this week with no major news releases and nothing aiding the Yen to stop the dollar bull trend. Cross Yen pairs also followed the Yen decline and I've made several Long trades on CAD/JPY pullbacks. The trades are there and the trend intact even when my 1st trade on Monday was near the top.

Bottom line is 4,5, and 6 pair basket sets have performed wonderfully, all profitable with 10%+ gains on margin. Examing the Euro pairs, we're currently in position on the following. Caution though since this entire month has been a sustained rally across most markets, this includes equity markets, despite some triple digit losing days. These pairs need to be evaluated on a market downturn in carry's. On a weekly basis, we'll be opening the same position size with both the Euro zone pairs and over several months of different market conditions, we'll forward test and note the performance, weighing the strength and weaknesses of each collection.
  • GBP/CHF
  • EUR/GBP
  • EUR/CHF
  • EUR/AUD

Posted by Seaducer67 at 10:21 AM

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Disclaimer

Foreign exchange transactions carry a high degree of risk and any transaction involving currencies is exposed to, among other things, changes in a country's political condition, economic climate, acts of nature - all of which may substantially affect the price or availability of a given currency.

Speculative trading in the foreign exchange market is a challenging prospect with above average risk. You must therefore carefully consider your investment objectives, level of experience and appetite for such risk prior to entering this market. Most importantly, do not invest money that you are not in a position to lose.