Hi,
For many of us it is the time to start to think about upcoming 2017. I went through few charts (weekly, monthly...etc.) and would like to share a view of more investment than trading view of MXNJPY from long side. There is more to come but let's check this on first.
What is the point?
1. I do believe that MXN sell off (mostly related to Trump victory) is well overdone
2. I think the new US president does not want to destroy neighbours and it is mostly a media case for him to have something to talk about
3. Interest rate differential
4. JPY sell off just started
5. Carry Trade
Please let us know should you have any additional questions or you would like to discuss other crosses as well. We are here to help you, just contact us at: landoftradingATgmailDOTcom.
Happy Trading
Mr Price Action
DISCLAIMER: This material was created for informational purposes only and represents the Land of Trading team’s view of the past and current economic and capital market environment. It is not an investment advice and should not be viewed that way at all, and the creators of this material cannot be held liable for any potential losses resulting from trading, where despite this disclaimer someone would consider this material as an investment advice. All rights reserved ©2016. Contact: landoftradingATgmailDOTcom
For many of us it is the time to start to think about upcoming 2017. I went through few charts (weekly, monthly...etc.) and would like to share a view of more investment than trading view of MXNJPY from long side. There is more to come but let's check this on first.
What is the point?
1. I do believe that MXN sell off (mostly related to Trump victory) is well overdone
2. I think the new US president does not want to destroy neighbours and it is mostly a media case for him to have something to talk about
3. Interest rate differential
4. JPY sell off just started
5. Carry Trade
Please let us know should you have any additional questions or you would like to discuss other crosses as well. We are here to help you, just contact us at: landoftradingATgmailDOTcom.
Happy Trading
Mr Price Action
DISCLAIMER: This material was created for informational purposes only and represents the Land of Trading team’s view of the past and current economic and capital market environment. It is not an investment advice and should not be viewed that way at all, and the creators of this material cannot be held liable for any potential losses resulting from trading, where despite this disclaimer someone would consider this material as an investment advice. All rights reserved ©2016. Contact: landoftradingATgmailDOTcom
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