Currency May Take Front Seat to Government Debt or Commodities
Written by Britt Maras on January 11, 2010 – 7:22 am -Forex 2010: Will FX Risk Correlate or Decouple?
If you read our last article you will see that our projection for ‘FX Imbalance’ was spot on. More important was the lack of high quality buying signals for the move upward versus better signals for exhaustion matched with risk. The final quarter of 2009 offered what I consider to be misplaced risk and a tremendous imbalance for risk as fundamentals worldwide take control.
Dollar centric focus across all markets places Forex Trading and FX Trading Signals along with Market Timing Alerts at center stage.
The shell game of government debt is now front and center. U.S Treasurys, JGB’s and GILT’s now take center stage.
Well, I now anticipate reality to grip risk. The first half of this year may see yields rise more aggressively with most fear of government debt placed in Japan (JGB’s) and the UK (GILT’s). I still believe fundamentals in the euro are misplaced but that’s for the fundamental crowd. I expect to see more aggressive USD/JPY strength as the Yen becomes weak.
The paragraph above is fundamental but we all know that forex markets are lead by technical’s and then matched with fundamentals. So let’s get ready for a great first half this year with more consistent regular forex market forecasting, market timing alerts and forex signals. I look forward to frequent activity in my blog.
I hope all of you are well and healthy and we look forward to a prosperous new year!
We should have some technical commentary soon. Stay tuned.
Kind regards,
Britt Maras – Senior Currency Strategist
Tags: forex market, forex signal, forex trading, market timing
Posted in Trading Signals & Strategies |