AUDJPY Clarifies the Hint
The recurring failure of AUDJPY to regain 80 since mid August reflects mostly yen strength and speculators relative comfort to maintain the AUDJPY carry trade rather than AUDJPY. RBA is expected to hold rates unchanged at 3.00% tonight, but could well open the door further open for a November/December rate hike, in which case may boost Aussie across the board in Tuesday Asian tradeespecially in the event of a rebound in regional indices. Nonetheless, the chart below suggests selling AUDJPY on the rallies near 80 continues to be the modus operandi for AUD traders, especially as the lower highs in the stochastics signal a continued bearish divergence.
Nov 18, 2019 21:34 | by Ashraf LaidiThose who have shorted equity indices over the past 3 weeks (like I have) were simply wrong.
Oct 16, 2019 15:08 | by Ashraf LaidiAs GBP becomes the 2nd highest performing currency in the G10 since the start of the year, posting daily gains not seen in 10 years, here is a look at the current yields situation, with GBP...
Sep 2, 2019 20:21 | by Ashraf LaidiSome subscribers complained that last Tuesday's Premium trade (Aug 27) shorting the DAX30 was issued too early in the morning (many did not hear the SMS, see the email, Tweet or Telegram...