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It's all blue sky again...bless those tokyo housewives
It's only going negative at about $100 dollars/min
It's the Toxic waste CDO's that is causing the problem.
S&P may cut ratings on $12.1B of subprime mortgage debt
By Walden Siew, Reuters
NEW YORK — Standard & Poor's said Tuesday it may cut ratings on $12.1 billion of mortgage-related debt this week on expectations for an 8% drop in U.S. home prices and more mortgage defaults.
The move by S&P, a leading rater of corporate bonds, rattled global financial markets on fears the unfolding crisis stemming from risky home loans may have a wider impact on the economy and prompt investors to sell securities tied to so-called subprime debt.
S&P conceded that it failed to see the extent of losses when originally rating the debt, which include 612 residential mortgage securities. The agency said it is overhauling its methodology and reviewing its ratings of the $1 trillion market for debt structures known as collateralized debt obligations, or CDOs.
I just hope the Tokyo housewives will be nice to my long position on GBP/JPY, USD/JPY, and AUD/JPY.
GBP/JPY - down 67.3 pips
USD/JPY - down 68.7 pips
AUD/JPY - dwon 47.2 pips
I bought on the early side - but I had to drive to work and it was worth the risk. - Good-luck
Jester's Plunge Protection Team
Long GBP/JPY - 247.601
Long USD/JPY - 122.478
Long AUD/JPY - 105.430
Long CAD/JPY - 116.202
All in and fully margined
I placed a limit order for 248.20 with T/P of 248.70.
this time I'm going to bed and wake-up in the morning to count my money
d'beast ran off without me - nice play.
changed limit order to 248.20
if you hold a mirror to the left side you will have the right side of the chart.
it's a sharp knife - I can wait...
modify it to 247.50 on d'beast - thanks
no need for excel on d'beast - catch'n d'dip to 248.15 using my chinese abacus....
closed $/jpy, eur/jpy, and gbp/jpy for a small profit.
wait'n to ride d'beast one more time on d'upside
added GBP/JPY on d'long side
Long $/JPY and EUR/JPY - both sucking wind... will ride out d'storm.
I take that back - $/jpy has a woody
Flip it to Heikin-Ashi to see the trend changing (third pull-down option next to time frame)
Margin call or profit - what ever comes first, hopefully d'profit.
long 50K $/jpy 123.373 T/P 123.580
It's starting to become a full-time job just reading d'post.
Closed out GBP/USD short - guard'n profit and wait'n on d'sidelines for low risk plays.
The Economist's Big Mac index seeks to make exchange-rate theory more digestible. It is arguably the world's most accurate financial indicator to be based on a fast-food item.
http://www.economist.com/markets/Bigmac/Index.cfm
I'm two pickles short on my British Big Mac, if the lettuce does not firm up today, I'm planning on exiting the trade with a $100 dollar profit.
AMERICAN politicians bash China for its policy of keeping the yuan weak. France blames a strong euro for its sluggish economy. The Swiss are worried about a falling franc. New Zealanders fret that their currency has risen too far.
All these anxieties rest on a belief that exchange rates are out of whack. Is this justified?
The Economist's Big Mac Index, a light-hearted guide to how far currencies are from fair value, provides some answers. It is based on the theory of purchasing-power parity (PPP), which says that exchange rates should equalise the price of a basket of goods in any two countries. Our basket contains just a single representative purchase, but one that is available in 120 countries: a Big Mac hamburger. The implied PPP, our hamburger standard, is the exchange rate that makes the dollar price of a burger the same in each country.
Most currencies are trading a long way from that yardstick. China's currency is the cheapest. A Big Mac in China costs 11 yuan, equivalent to just $1.45 at today's exchange rate, which means China's currency is undervalued by 58%. But before China's critics start warming up for a fight, they should bear in mind that PPP points to where currencies ought to go in the long run. The price of a burger depends heavily on local inputs such as rent and wages, which are not easily arbitraged across borders and tend to be lower in poorer countries. For this reason PPP is a better guide to currency misalignments between countries at a similar stage of development.
The most overvalued currencies are found on the rich fringes of the European Union: in Iceland, Norway and Switzerland. Indeed, nearly all rich-world currencies are expensive compared with the dollar. The exception is the yen, undervalued by 33%. This anomaly seems to justify fears that speculative carry trades, where funds from low-interest countries such as Japan are used to buy high-yield currencies, have pushed the yen too low. But broader measures of PPP suggest the yen is close to fair value. A New Yorker visiting Tokyo would find that although Big Macs were cheap, other goods and services seemed pricey. A trip to Europe would certainly pinch the pocket of an American tourist: the euro is 22% above its fair value.
The Swiss franc, like the yen a source of low-yielding funds for foreign-exchange punters, is 53% overvalued. The franc's recent fall is a rare example of carry traders moving a currency towards its burger standard. That is because it is borrowed and sold to buy high-yielding investments in rich countries such as New Zealand and Britain, whose currencies look dear against their burger benchmarks. Brazil and Turkey, two emerging economies favoured by speculators, have also been pushed around. Burgernomics hints that their currencies are a little overcooked.
PIPS: Also known as PIPS Inc, People in Profit System, Private Investment Profit System, Pureinvestor and PIPS Financial Services, this scheme is based overseas and promoted over the internet and in face-to-face meetings arranged by local agents.
PIPS website asserts members can design their own wealth creation plans in which, in one example, can yield returns of at least 2 per cent every trading day – more than 14,000 per cent each year if compounded daily over 252 trading days. At that rate, a $1,000 investment would return $21,601,632 in just two years.
And I was only wishing for 10% per week for 10 weeks....
Thanks I signed up for the 7-day free trial, I already have my homework assignments picked out for the weekend.
I'm currently using it to email charts for my FOREX trade journal entry, next step is to program it to email my trading alerts to work.
I never talk about taxes and god - I always leave it to the expert's.
Use the links below to access the following articles, interviews, and other content from GreenTraderTax. See why the media (and also the leading forex brokerage) look to GreenTraderTax for clarity in the confusing world of forex taxation.
GreenTraderTax
http://www.greencompany.com/EducationCenter/GTTRecCurrency.shtml
DailyFX Tax Forum.
www.learncurrencytrading.com/fxforum/forumdisplay.php?f=79
Answer to your question - based on a fixed trade price over the twenty hours. OANDA calculates your interest every second based on the current trade price.
Primary Account Currency USD
Currency Pair - USD/JPY
/ (Trade Price) - 123.19
/ (Current Price) - 1
/ (Current Price) - 0.0081
Action - BUY
Number Of Units - 100K
Hours Held - 20 hours
Lend Interest - 0.8%
Borrow Interest - 4.9203%
Interest Earned - $9.4203
OANDA Interest Link -
http://www.oanda.com/products/fxmath/interest.shtml
plug the numbers into the interest template to see if you get the same numbers.
Your right I changed my answer. (nobody else will see my first answer)
One is your account Interest and the other is your trade interest.
See I knew you had in you to figure out the answer.
Account Balance Interest, and the other is Lend-Borrrow Interest
http://www.oanda.com/products/fxmath/interest.shtml
Beast (Limit order - 50K) short 248.10
Cable should be going lower after d'margin call.
Cable broke d'lower channel then proceed to trade higher in morning, which is opposite of what is projected.
I'm not sure about doubling your money every month or even ten percent a weeks is possible, the odds our against you.
short 50K cable @ 2.01255 w/T/P - 2.0060
INSIDE VIEW: Expectations Of LDP Loss Could Spark Yen Sales
Thursday, July 5, 2007
TOKYO (Nikkei)--If the ruling Liberal Democratic Party suffers a crushing defeat in the upcoming upper house election, currency traders will move to dump the yen, sending the Japanese unit even lower, according to foreign exchange market participants.
"U.S. and European hedge fund managers have begun considering the possibility of Prime Minister Shinzo Abe's resignation in the event of a huge loss of seats in the upper house election," one market player said.
It's Tokyo lunch-hour and turtle has broken the downward trend and broken outside it trading channel....
Looks like a turtle trick to suck me into a possible breakout.
Quick overview of the Sharpe ratio -
http://www.miapavia.it/homes/ik2hlb/sr.htm
So far my Sharpe Ratio is twice as large as yours, and size is all that matters to the girls of Toyko!!!
Good luck
I'm watching from d'bushes tonight as d'Housewives of Tokyo skin your Forex hides tonight....
It's two spikes, one at 7:45:00 and the other at 7:50:00. maybe two computer programs out of phase with each and trying to synchronize their data system.
Give them a call and have them restore the game account.
Wikipedia - answer
GBP/USD is the only currency pair with its own name. It is known as "Cable", which has its origins from the days when a cable under the Atlantic synchronized the GBP/USD rate between the London and New York markets.
But also there is lots of abbreviation's for other the currency pairs such as,
AUD/USD ... "Aussie"
EUR/USD ... "Euro" IHub Forex - "python"
GBP/JPY ... "Geppy" IHub Forex - "beast"
GBP/USD ... "Cable"
NZD/USD ... "Kiwi"
USD/CAD ... "Loonie"
USD/CHF ... "Swissy"
USD/JPY ... "Gopher" IHub Forex - "turtle"