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Investing

FX- YEN/EURO: Will The Markets Dwindle?

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By Douglas A. McIntyre Published

By Yaser Anwar, CSC of Equity Investment Ideas

To be successful at trading one has to understanding the inter-market relationships that occur across all trading instruments, from FX to Derivatives to Stocks, as they are all intertwined.

Take a look at the YEN/EURO 10 year chart. Yen is approaching the support of its ’98 lows after falling for over 7 years, the time when institutions leveraged heavily to load up on stocks leading to the Tech bubble burst, also evident on the $XLJ chart alongside the Slow STO signaling oversold.

Could lead to a reversal and end of the carry trade, as the markets have been perceiving. If this occurs, it will be negative for the market, and I’d suggest trading with the trend towards the short-side, till we’re told otherwise, by the charts and price action.

Good hunting.

http://www.equityinvestmentideas.blogspot.com/

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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