Forex and stock traders are looking for the consistently wrong investor, trader and take the opposite position. This will obviously lead to winning trades for them. All traders have read trading books that point out that increasing volume is good for the continuation of the trend. Many new stock traders will try and fight the trend.
Monday, August 22, 2016
USD/JPY drop to 95 is "a serious risk,"
An imminent USD/JPY drop to 95 is "a serious risk," says Societe Generale options strategist Olivier Korber. As protection, he advises buying a 6-week put strike at 97, with a knock-out at 93, where the loss is limited to the premium but the option is cancelled if USD/JPY hits 93. "USD/JPY currently presents a very assymetric profile, with the next move likely to be either a small bounce or a sharp break towards 95." Although Societe Generale is bullish USD/JPY medium-term, a "patient" Federal Reserve could leave the dollar under pressure, while the Bank of Japan may struggle to fight JPY strength, says SocGen. USD/JPY trades at 100.43
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