Thought it about time we had a separate thread for currency plays.

Charts Currently Removed - New Ones To Follow Soon

Good Reading If You Like FX
http://www.mizuhobank.com/fin_info/exchange.html

Well the Yen is about the only currency that has my attention right now....

Currency ETFs

£ v $ 14-month low

Forex Investors May Face $1 Billion Loss as Trade Site Vanishes

What happened and how they were screwed

Exec - I note the husband and wife are youngish GPs in the UK
at the same practice (google info) and put about £40K between them
into this scheme or scam, Tidy sum! Also, the guy mentioned at the top is/was a
Florida doctor. Hmm. A sad and bad way to lose big sums.
The whole thing reminds me of the old saying: an ounce of foresight
is worth more than a ton of hindsight. But most people, even serious
investors, don't have that sort of money at that age to put into such schemes or scams.
anyway. The story is really a warning to everyone not to rely on websites only if they
are thinking of putting money into something they don't understand unless they
are prepared to lose it all.

Dollar bandwagon

Dollar at 5-year high

Regarding the Secure website article above it just goes to show how naive people can be. There is no such thing as a company that will take your money and invest it for you and offer returns as they described. The old ponzi scheme pretty much worked in much the same way.

The only way to make money in currency is to pretty much follow what central banks and government are doing that make up the pair, check economic figures and keep studying until you have an understanding of what's happening, learn to chart and follow trends, then when your comfortable that you can ride a trend against suspected monetary policy and economic backdrop try making a trade.

There is no sure system, everybody I've ever spoken to has traded slightly differently, no one (business or person) will make you huge returns. If I was capable of making 250% a year I'd keep quiet about it (wouldn't reveal my system) and certainly wouldn't be posting here..!

If ever it sounds too good to be true and you have to part with your cash or personal information remember that you ARE being conned..

I've just had an email from a very nice Nigerian Prince who wants to get his money out of his country and split it 50/50 with me .
I told him to wire me 50K so that i can open an account with Coutts who will be handling the transaction ,i'm still waiting for him to get back to me .

Shortie. what I find weird is that the three docs mentioned did this without doing any reseasrch.
Would they approve of their patients going to quacks...!
And I hope their patients get more attention than their money.
If they had 'invested' 40k in GSK (being medics) they would have got at least £2000
in divis every year plus capital growth if they left it untouched, being so young.
Or is it easier to become a doc than to acquire simple investment knowhow.
What happened to common sense!

Carrot donkey springs to mind... I've always been very sceptical of anyone that has promised a return on the financial markets... The sad thing is every year greed will get the better of someone and it has become a fraudsters business to cast his net far and wide to fish for that greedy someone...

Just remember folks, you don't earn anything if you don't work for it... Reading the claims of someone willing to put your money to work for you will only result in you losing your money... If your into the investing business then do just that and invest, don't give your money to someone who spends all their time in the media business trying to convince you their an investor, if they were, they'd be busy investing, not writing articles and boasting about their elaborated returns!

GBP/JPY 181.781 gone short

Japan’s economy tipped into a technical recession following a jump in consumption taxes in April, making it a near-certainty that Prime Minister Shinzo Abe will delay another increase while appealing for a fresh mandate via a snap election. Monday’s preliminary data for the period between July and September was far worse than markets expected, showing a shrinkage of 1.6% quarter-on-quarter on an annualised basis against analysts’ expectations for growth of 2.2%, as businesses cut back spending – FT.

Bank of England Governor Mark Carney and his chief economist, Andy Haldane, indicated they are focused on downside risks to inflation as the central bank emphasises the reasons for keeping loose monetary policy. “We’ve got huge disinflationary forces coming from our trade partners, particularly in Europe, and commodity prices have gone down quite sharply,” Carney said in an interview. With consumer-price growth below the BOE’s target, Haldane said in a speech published yesterday he’s watching developments “like a dove” – Bbg.

Euro rising

GBP/JPY 184.443 extended short play

TOKYO, Nov 20 (Reuters) - Japanese exports grew in October at the fastest pace in eight months, an encouraging sign that global demand could help the country recover from recession and support the central bank's optimistic economic outlook. The 9.6 percent annual rise in exports in October was more than double the 4.5 percent gain expected by economists in a Reuters poll and faster than September's 6.9 percent year-on-year increase. In another sign that the world's third-largest economy is regaining its footing, a private flash survey conducted by Markit/JMMA showed that factory output grew in November at the fastest pace since March. ID:nS7N0OL00R Policymakers were stunned by data this week that showed the Japanese economy fell into recession as a sales tax hike weighed on consumer spending and business investment. But growing exports and output could help lift some of the gloom surrounding the economy. "The trade data shows that exports will contribute to growth in the fourth quarter and help recoup some of the weakness we've seen in Japan's domestic demand," said Shuji Tonouchi, senior fixed income strategist at Mitsubishi UFJ Morgan Stanley Securities. Accelerating exports could also be a positive for Japanese Prime Minister Shinzo Abe, who has said he will call an election amid growing doubts about his economic policies. Japan's exports jumped in October due to higher shipments of cars, ships and electronics, finance ministry data showed. Exports to Asia, which account for more than half of Japanese shipments, picked up to 10.5 percent in October from a year earlier. Shipments to China slowed to a 7.2 percent annual rise in October from an 8.7 percent pace the previous month as the world's second-largest economy slows. SOLID SALES TO U.S. Exports to the United States rose 8.9 percent in October from a year ago, double September's rate. Total imports rose 2.7 percent year-on-year to October, lower than the median poll estimate for 3.4 percent. October produced a trade deficit of 710.0 billion yen ($6.01 billion), less than the median forecast for a 1.05 trillion yen deficit from a Reuters' poll of analysts. Japan's competitors have become increasingly worried that Tokyo's reflationary economic policies were weakening the yen, allowing Japanese firms to undercut their own exporters. Hitherto, there had not been much sign that Japan's exporters were benefitting much from the weaker yen as most have moved much of their production overseas. The yen JPY= has fallen around 30 percent versus the dollar since Abe took office in late 2012. On Thursday, the yen struck a seven-year low, trading just under 119 per dollar and currency traders think it could go to 120 as early as next week. Despite strong gains made by exports in October, some economists doubt whether the weak yen will sustain the trend. "It is premature to declare that exports will remain in an upward trend," said Yoshiki Shinke, chief economist at Dai-Ichi Life Research Institute. "We need more time to see if companies will respond to the yen's decline by slowing their transfer of manufacturing capacity overseas."

Stocks down as US$ hits 7-year high v Yen

Sterling prospects

Dollar bulls on the march

Yen positions closed at loss

$ v Y touches 7-year high