Forex 2013

Here is to a new year and lets make it profitable!

The Euro sure has been on a tear, quite annoying to me but I dont see the underlying fundamentals backing this up so I wont be budging on this trade yet.

The real action will begin after this weekend is over as major European players were vacating. I will be updating on this thread the developments on Forex markets. Thanks for the thread

We picked up another trader I see..my trade hit a low around the time of my last post and turned around..lol
As I was posting it was moving my direction it apparently had found its bottom..I still like the way it looks but ya never know

 buck,

I saw the quote from the Japanese PM saying that the Yen is where they want it to be. Lets see if that holds or if the traders keep pushing it.

I am glad it reversed as did the Euro today on similar comments from their mouthpiece.

Yeah my brother and I had a few long talks about this trade...I don't mess with this pair all that much...He trades the crap outta eu/jpy and this pair..I don't usually even pull these charts up to look at them don't trade much of any pair w/o USD
He seems to think this pair has pushed as far as it can go w/o a nice correction,I guess we will see

love the forex. most action and the markets are open 24hrs

Have you guys seen the Forex Show on CNBC?  It is called "Money in Motion".  It is on Friday after market close, and has some pretty good insight.  Kathy Lien is one of the contributors on the weekly panel.  Definitely respect her.  Altogether good.  

I don't think there will b any pullback until 93 now...they r running all these puppies its insane

buck,

The PM saying that par is reasonable surely did not help the Yen slowdown.

Its at least good you didnt pair it with the Euro, that would be even tougher.

Also, if you listen to Kyle Bass, he thinks the Yen is going to implode within 18 months..

That introducing inflation will lead to the destruction of the currency. I guess they have a huge debt vs central bank receipts ratio which if rates go up even marginally will sink their economy and force the country into BK.

He also thinks that as countries teeter in that direction usually war comes on..meaning maybe China vs Japan.