I am new to FXCM.

Actually I have a long positions of Chf/Jpy two levels...That is 89.35 and 88.75 .Is there any possibility to recover in these levels. or shall I exit from here. Any one please let me know your strategy regarding this.Thanks.

I am in short NZD/USD @ 1.7133. Is there any possibility to cover this short or shall I carry the position for a while.

Any one please let me know your strategy regarding this.Thanks.

Mr. Kicklighter,

Why did you choose 134.25 as a target for the EUR/JPY?

Scott

Is the EURUSD going to continue rallying ?

Hi Medc,
Changes in the economic landscape paired with shifts in government policy typically have the greatest impact on the currency market however, as the interest rate in the U.S. remains at a record low (0.25%), the greenback has become the most popular funding currency in 2009, next to the Japanese yen. As a result, when investors look for greater return and favor carry trades (buying a higher-yielding currency funded by a lower-yielding one), we see that the U.S. dollar trends to underperform as investors sell the greenback relative to its counterpart. This trend has and continues to drive price action in the currency market, and the correlation with risk is likely to hold throughout the remainder of the year as the FOMC pledges to maintain the interest rate at 0.25% for some time. Nevertheless, as economic conditions improve and interest expectations increase, fundamental drivers are likely to move currencies as we've seen in the past, where a stronger economy results in a stronger exchange rate.

As for stocks and futures, when investors move into higher-yeilding investments such as equities and shun the safe-haven of government bonds, the shift reflects the change in risk trends, and is very helpful in gauging investor sentiment, and we see this typically flow through the currency market as the cost to borrow dollars remains at a record low. Hope this helps.

Hi Sanramp,
Just wanted to ask, what was your initial strategy when entering in those trades?

David: I have recently begun to follow the trade on the NZDJPY. It was a big surprise to me that your stop held over the weekend and throughout the first trading day of the week since it was so strong. 2 questions: Is this pair not normally affected by the sentiment in the stock market and the second question: did you use fibonacci or some other means to determine the strength of the resistance that allowed you to select your stop. Thank you, Sedona

Hi Sedona,
As for your first question, typically shifts in market sentiment do affect the NZD/JPY however, it seems as though the downturn in the interest rate outlook is limiting the upside for the pair. Credit Suisse overnight index swaps are up approximately 185bp in November after rising as much as 235bp during the previous month, and the dovish policy stance held by the Reserve Bank of New Zealand looks as though its dragging on the exchange rate as investors weigh the outlook for future policy.

In response to your second question, I used the 20-Day moving average as the stop. As mentioned earlier in the Analyst Picks section, the kiwi-yen failed to retrace the decline from the previous month despite the unexpected 0.1% rise in 3Q retail sales, and the lack of momentum to break above the previous week's high (67.10) favors a bearish outlook for the pair as the RBNZ maintains its current policy. The NZD/JPY looks posied to break lower as it slipped below the 100-Day SMA this month for the first time since July, and may trend lower throughout the remainder of the year as the central bank continues to support the ailing economy.

when investors move into higher-yeilding investments such as equities and shun the safe-haven of government bonds, the shift reflects the change in risk trends, and is very helpful in gauging investor sentiment, and we see this typically flow through the currency market as the cost to borrow dollars remains at a record low. Hope this helps.

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we see this typically flow through the currency market as the cost to borrow dollars remains at a record low. Hope this helps.