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Thread: The Carry Trade: Buy or Sell?

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#170 (permalink)

08-13-2008, 03:17 PM

John Kicklighter John Kicklighter is offline

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Looks like we got a sharp reversal from most of the yen crosses. Wasn't really data driven, but not surprising given the reversal in equities during the US session and the very weak GDP numbers from Japan.

The DailyFX Carry Trade Index is still deep under water, but this does look like it will give the sell off a break. It will be interesting to see whether it will last or if this is a break before the sustained decline.

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John Kicklighter is the author of Dynamic Carry Trade Basket, Watch What The Fed Watches, and Forex Trading Weekly Forecast on DailyFX.com

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