This chart is to show how carry trade strategy is being hurt badly this year. Price of PowerShares DB G10 Currency Harvest (DBV) has lost, roughly, around -25% (from 27-ish to 20-ish) This is likely going to be a shitty year for carry traders.
Here is the….CHART!
From the desk of Tradergav.com
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OH Crap. AUDUSD falls below 0.75 for the first time in 2 years. Stock market took a tumble. All ordinaries lost around -3.3% today. What’s going on? On the paper, the reason, as expected, “people are expecting a 50bp rate cut tomorrow”. Well, probably. Anyway, it is indeed a bad day.
Here are some random thoughts..
It [...]
So, the House decided not to save the rich-men World. Dow index collapsed 777 points. Gold rallies now. But, where is Aussie dollar going? Decoupling from Gold movement? Australia is one of the largest gold exporters. Of course, this doesn’t guarantee the prosperity of australian dollar.
But, what exactly is the problem of Australia economy? OK,It [...]
It has been a painful journey for Aussie bulls. Weaker commodities, strong dollar ..whatever, you’ve read it on the papers. I have been following it all this time. Here are some observations. Is Dollar hitting resistance now? Are Aussie and Gold reaching support now? uhm… What do ya think?
Here are the ….CHARTS!
Dollar Index
Gold
AUDUSD
Charts and data [...]
I made 2 day trades yesterday. Long EURUSD, Short USDCHF. Simple setup. But, instead of waiting for the planned target, I chickened out on exit. Well…
Beautiful charts.
Side note. If you are not reading this post on www.tradergav.com, please leave immediately. My posts are stolen by some sissy birds recently. They created a new website and [...]
I have not been upgrading my trading hardware for a long time. I used to trade with my laptop and a old 15″ LCD monitor for the past few years. OK, I am a stingy asian man. . Anyway, I just got my Samsung SyncMaster 2253LW 22″ LCD monitor from ebay yesterday. [...]
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