As Carlyle collapses, the former BoJ prediction is fulfilled (100 against the Dollar), hurting markets on further unwind of carry trades. Here the monthly chart of the Yen/Dollar Copyright by Tradestation Yen tries at the moment to break out of a triangle like longterm formation. First price target is around the 95 Yen/Dollar. Sounds like [...]
After reflecting this weekend over the current global situation and zapping through the long term charts, I think, the days of the carry trade are numbered. Some long term trends are about to reverse soon, helped by a sentiment which calls contrarians to act. Everybody is bearish on the US Dollar, everybody is bullish on [...]
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