Retail Currency Trading – Retail Forex

This week our ratings at Collective2 rose from 716 to 721. What does this mean? See Collective2 explanation.

We are happy to have received a status of Excellency!

Annualised performance for Artex this week rose from 435.2% to 578.8%

Annualised performance for Jaypex this week rose from 651.3 to 792.1%

Annualised performance for Montex this week rose from 142.0 to 257.5%

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Forexast (Forex Forecast)

Artex: EURJPY will most likely turn north. We will be watching closely.

Jaypex: GBPJPY will still be pointing south. Slight chances to stay in a range.

Montex: EURCHF is turning north. We trade long positions only.

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At this point in time financial crisis may develop according to two different scenarios.

In the first scenario the government watches developement on the sidelines and prices of leveraged financial wealth continue falling for another agregate 50%. Losses are taken by the very people that purchased contaminated paper. High unemployment, deep crisis, total purgation. Fresh start without burdens.

In the second scenario the government starts buying contaminated paper and assets. Prices stop falling. Losses are socialized and we all  pay for this losses through a loss of purchasing power. We may be able to avoid deep and prolonged deflationary crisis but we keep “skeletons in a closet”.

We think, that USA clearly took the second route. The nickname of Ben Barnanke developed from “Helicopter Ben” to “Ben B-52″ as the FED is throwing enormous quantities of new dollars to everyone in need every day. Nice capitalism, when profits are private and losses are public! As 70% of the World’s foreign currency reserves are held in USD, two thirds of the world will help in this “debt-socialization”.

It looks that UK is following while EU much less. Therefore our fundamental views favor EUR against USD and GBP and CHF. We also think, that EUR will be rising against dollar faster than dollar will be falling against JPY, therfore EURJPY may start rising even when USDJPY will continue falling.

We are 99% certain that USD will be falling against JPY until American government pays off a big portion of its foreign debt.

Of course, we will only trade our views when confirmed by technical analysis. In unforgetable words of J.M. Keynes: “Markets can behave irrational far longer than you can stay solvent.”

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Happy trading to all!

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Markssin trades forex  since 1997. Our trading systems are verified.

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How-about-a-little-bribe?

Davorin Sadar, trader. Meet me in Facebook, LinkedIn, and/or Twitter. This is an invitation!

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