Thursday, January 26, 2006

Stocks on the move

Stock markets around the world have had a great day. The Bolsa (Mexico) +7.94%, Bovespa +13.62%(Brazil) Dax +2.6% etc etc etc. This has once again sent Emerging Market currencies gaining against the Dollar. I continue (I know I sound like a broken record) to favor this trade. Also I am long Usd/Jpy. It seems there is a story circulating that Japan is going to be ending thier Zero interest rate policy. That is the reason for the stronger dollar ag Jpy and also relates to the lower Bond market.

These are the FX Trading Ideas for today



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