AFAICS, this is just backwash from the carry trade unwinding;, in which Canada is a minor player. Canada is a stock, M&A, and commodities play, not bonds or money-market, w/r to Japan, so once the stock market absorbs the interest rate hike, I would ...

Pre News Trade USD/Cad

You have to look at that news and learn to interpret it in terms of the news (general conditions) of the other side of the pair, especially in terms of expectations re. the current and capital accounts for both sides of the pair. There's lots of ...

How to choose a currency pair to trade?

I'd say go for it. Colleges these days are far too full of young folks just being babysat until they can get a job, get married, grow old, and die...And at your age, if things really go wrong, you are plenty young enough to just pick yourself up and ...

How to be a trader for a company?

Also noted that the Chinese CPR strengthened a significant 240 bp (slightly more than 0.3%) tonight, that's possibly a bit of an incentive to allow the Yen to strengthen as well.

USD/JPY Discussion

It wouldn't surprise me to see more yen strength over the next two days; BoJ is holding it's monthly meetings, and given the pressure from the gov't (that a faltering ccy will cause the nation to lose its influence), one can expect at least some ...

USD/JPY Discussion

Well, if anyone is watching NZD/JPY atm, it's in a really nicely formed channel on the 1-minutes based on the post-release peak.

Why is NZD so strong??

AFAICS, the anti-M&A is still just in the chatter-from-the-NDP stage, ATM. OTOH, the darling of the US economy (hi-tech) is continuing to look north, in part because of US immigration/HS issues - for example, Microsoft is opening a new software ...

USDCAD trend reversal?

I think it would quite appropriate on the Kiwi threads

Daily GBP/JPY analysis

ST, who knows, long term - the NFP and ADP continue to show job growth in the service sector rather than mfg and other export related areas. To me this means more consumers - particularly of low end products, since the jobs tend to the McJob sector ...

What Will Be The Next Forecast?

There seems to be a certain, somewhat undeserved, franticness among some re. the state of the Kiwi. For those who are curious, I would suggest spending a few hours on the RBNZ site, url . Unlike many CB sites, the Bank has made a strong effort to ...

New Zealand's Dollar `Overvalued' and Will Weaken, Says Goff

What's more important is that this is coming from a political official, and not RBNZ. I would take it as a hint that the gov't of NZ has finally realized that small economies cannot really set independent monetary policies (away from the norm) to ...

New Zealand's Dollar `Overvalued' and Will Weaken, Says Goff

This is (somewhat) wrong. Correlation describes the degree of linear dependence between two variables, not the relative magnitude of the slopes. Hence y=3x+4 and z = 3000x+17 are perfectly correlated , although one moves 1000 times faster than the ...

Measuring Correlation Between FX Pairs

Are you sure that the strength variable isn't occasionally 0 (in which case the division sum/strength becomes undefined, and MT4 tends to just stop processing). Put in a line like if (strength == 0) strength = Point; just before the division, and ...

Can't divide in MQL4?

I would doubt it, at least in the ST; the effects would have to show up in falling employment, falling total exports, or falling investment first. $/CAD has dropped some 35% since it's peak back in early 2002 , while the Canadian economy has ...

USDCAD trend reversal?

More like 5 years, without more than maybe 10% retracement Would have made a great stock pick....

USDCAD trend reversal?

Yes, you are at a disadvantage; you'll get killed by the noise in the market; i.e. "gambler's ruin". FX is generally very volatile, so that even if you pick the right direction on a trade it can easily go, short-term, against you, you need to have ...

A question about leverage

One should also take a look at oil - well over 70$ and not a hurricane in sight. At least not on this side of the world.

USDCAD trend reversal?

Anything is possible, it's probable that is what one should worry about But re. anything vs. USD, a big slow term mover is the move away from USD as the reserve/vehicle currency of international finance. This vacuumed up an enormous amount of ...

Seriously, how I can GBP/USD go, is anything possible?

I agree. To the OP - you may want to consider defining choppiness in terms of time frames - are you thinking 1-minute charts, 1 week charts, etc.

In your opinion, which pair is the least choppy (i.e most trendy)?

Large brokers don't need to make money off rigging the game, there's more than enough profit in simply taking the spread. I originally started FX through one of the brokers now (deservedly) on the Dead Dealer Walking list; that was a different ...

Brokers prefer to win or lose ?