AvaTrader is a state of the art trading platform that can be customized to any trader’s preferences and requirements. The trading platform AvaTrader is a seamless solution to trade Forex (Foreign Currency Exchange). The software receives feeds with live streaming prices updated few times each second, allowing the trader to take advantage of those capabilities.
Although no economic data has been released from Japan, and none is expected in the next 24 hours, carry trades are expected to remain weak, until the market has seen an increase in risk appetite. The Japanese Yen has surged against every major currency pair as the market continues a broad scale carry trade liquidation. Stop losses have worsened the yen’s decrease. Many banks this week have only junior traders left in house. Junior traders are not likely to take on news positions, they are there simply to monitor levels, book trades, and watch every so diligently for stops. Senior dealers absolutely do not want their junior dealers taking on trades. So any rebound in carry trades can be limited. The corrections in many of the Yen crosses are finished now, which indicates that the downtrend has indeed resumed. Japanese traders, however, are happy that their government, as unpopular as it seems, is trying to better its dealings. Prime Minister Abe has a number of appointed veterans to his new Cabinet. These veterans are hopefully planning to eradicate some positive changes.
02:35
Posted on Aug-30-2007
