'Lee Hardman, FX analyst at the Bank of Tokyo Mitsubishi UFJ notes that Australia has been one of the losers from Japan’s efforts to devalue the yen with the trade-weighted Australian dollar rising to a new post float record high as investors intensify the search for yield. '
I believe the culprit behind this new round of excessive NZD and AUD strength is Chinese and Japanese retail investors in search of higher yields. Japan has one of the world’s largest pools of retail savings and its investors can exert a powerful influence on the prices of foreign assets and currencies.
AUDUSD - The ratio of long to short positions in the AUDUSD stands at -1.94 as 34% of traders are long. Yesterday the ratio was -1.88; 35% of open positions were long. Long positions are 11.5% lower than yesterday and 28.5% below levels seen last week. Short positions are 8.5% lower than yesterday and 44.5% above levels seen last week. Open interest is 9.6% lower than yesterday and 1.8% below its monthly average. We use our SSI as a contrarian indicator to price action, and the fact that the majority of traders are short gives signal that the AUDUSD may continue higher. The trading crowd has grown further net-short from yesterday but unchanged since last week. The combination of current sentiment and recent changes gives a further bullish trading bias.
trade what you see not what you think..90% of all traders are trying to pick top and bottom and only 10% following the trend of the market.if you are a long term trader then stick with you actual strategy based on the fundamentals but if you are a day trader...follow the big players to succeed.
I know this sounds bad but many people concentrate on the wrong thing while trading. They don't understand the market structure cause if they did they would look at it much different. known fact 90-95% of traders lose people search for a winning system the 5-10% that are winning. Why not just trade against the loser? Take alot of the work out of trading. If your having trouble finding the loser and your acct balance is dropping look in the mirror. I am not trying to be mean or rude just stating the truth it used to be me till i realized this and learned how to spot where the loser will lose. but hey i just took first in the last contest here so what do I know.
ADVERTENCIA DE ALTO RIESGO: El comercio de divisas implica un alto nivel de riesgo que puede no ser adecuado para todos los inversores.
El efecto de apalancamiento crea un riesgo adicional y una exposición a las pérdidas. Antes de decidirse a operar con divisas, considere cuidadosamente sus objetivos de inversión, su nivel de experiencia y su tolerancia al riesgo.
Podría perder una parte o la totalidad de su inversión inicial. No invierta dinero que no puede permitirse perder. Infórmese sobre los riesgos asociados al trading de divisas y pida consejo a un asesor financiero o fiscal independiente si tiene alguna duda.
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