To avoid confusion
Forex is quoted USD/JPY whereas futures (what I refer to) is quoted as JPY/USD so the carts are the inverse of each other.
So yes forex would be correlated (for the purposes of this discussion) whereas the futures are "reverse" correlated.
So yes, in your case, correlated.
evening fellow index punters
Went out to have lunch with Mrs Frink, thinking I wasn't going to miss out on much. BIG mistake
Today's chart of the nikkei
evening Prof! aw, shame to miss that one - never mind, Missus P would've been happy
couple of interesting charts out of this weeks EWI report
out of interest how come you use the future & not the FX Wayne?
Sorry Wayne...but your point was also that it seemed to be leading?
Cheers,
Well the yen rise was taken out, YCT watch cancelled.Well it was definitely leading when the carry trade scare. It hasn't for a few weeks now. Just bringing up the possibility now again as the yen is going against the flow... USD going into Yen again?
As I say just a heads up.
There are a few reasons, but one of the main reasons is the capability of using options.
you know options didn't even occur to me - cheers Wayne
a couple of charts in here for China - madness
http://www.safehaven.com/article-7417.htm
I agree that they do have the power to cause ripples in the world pond now, lets hope the bank of china steps in to stop anything really mad taking place.
what a grand old world we live in now, is this the beginning of the changing of the guard?
think its too late to stop the madness tho TI. Haven't been keeping track of it lately but before the last correction people were queuing outside brokers for hours trying to open accounts, buying shares on credit cards, mortgaging their houses to get into the market... and choosing shares which they had no idea of the underlying business but which had lucky sounding names...
there's the Hang Seng (HSI) for local exposure - but when China goes all markets will be affected imo. just chose the one that suits your risk profile I don't think I will be trying to pick the top on HSIASX, Dax and Dow will be fine for me
cheers for that TI
NASDAQ
then have another look at that China chart
I was thinking that as well! but due to the bank of China being able to step in (if they want to). I think they will come to the rescue you have to understand the amount of cash they have at there disposal right now! It is just crazy!
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