“In other words, the dollar tends to perform well in election years, which will be important for traders to remember in 2012,” Lien says.
Wednesday 28 December 2011
USD/CAD in Focus - Kathy Lien hightlighted USD might be star currency to look out for in election year.
http://blogs.wsj.com/marketbeat/2011/12/27/dollar-stocks-tend-to-rise-in-election-years/
Lien notes the dollar is also blessed at the end of the four-year
cycles. She uses the deutschmark as a proxy to generate the changes in
the EUR/USD going back to the 1970s, covering nine election years. In
eight of them, the currency pair weakened by an average of 6.
“In other words, the dollar tends to perform well in election years, which will be important for traders to remember in 2012,” Lien says.
“In other words, the dollar tends to perform well in election years, which will be important for traders to remember in 2012,” Lien says.
Monday 26 December 2011
AUD/NZD - New 2012 carry trade.
Aud/Nzd been on my radar for while.. Technical charts show it bounced off for bottom -100 and piercing uptowards 0 value of the CCI indicator. (Cci explained http://www.iqchart.com/101/tech_cci.asp
Trade call : Long Aud/Nzd when it break out 1.31 level as a carry trade. Recent news of New zealand quake, we might see some kiwi dollars buyer for short term support.Nonetheless, i believe improving US economic data will boast this ccy pair.
Facts: Aud/Nzd been on a ascending channel since 2005. 2 major quakes in new zealander this year will dampen their GDP. Plus they import mostly from their neighbour Australia for almost everything excepts lamb chop ; )
Trade call : Long Aud/Nzd when it break out 1.31 level as a carry trade. Recent news of New zealand quake, we might see some kiwi dollars buyer for short term support.Nonetheless, i believe improving US economic data will boast this ccy pair.
AUD/USD in focus 26/12 - 30/12
No important economic calendar from Australia, our focus would be on the 28th dec, lets see how the italian bonds auction perform.
General direction : Bearish for Aussie.
26 dec boxing day, light volume continues as major banks on holiday. Any attempts of AUD/USD to breakout 1.0170 could present us a chance to short on any pullbacks offered. Let see once it goes when market open in few hours time.
For any significant breakdown of Aud/Usd, 1.0130 . Trade call , Short Aus/ Usd . Take profit 90 pips(1.0040). Stop lose : 1.0190 (60 pips).
General direction : Bearish for Aussie.
26 dec boxing day, light volume continues as major banks on holiday. Any attempts of AUD/USD to breakout 1.0170 could present us a chance to short on any pullbacks offered. Let see once it goes when market open in few hours time.
For any significant breakdown of Aud/Usd, 1.0130 . Trade call , Short Aus/ Usd . Take profit 90 pips(1.0040). Stop lose : 1.0190 (60 pips).
Sunday 25 December 2011
Virgin posting.
Merry Xmas to everyone, especially traders. Well this blog consitute ideas which i spend hours on the net , scanning biz news and analysing . I normally would present my own views on certain trades or stocks call.. Hope u guys can contribute and keep coming back.
Regards
PipsFarmer
Regards
PipsFarmer
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