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

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

EUR/GBP 0.79283 gone short

EUR/GBP position closed @ 0.78840 for +443

Nice one Shortie

Good show, Shortie. I think the Euro may go down a bit more.

Euro prospects

Quite possibly but I needed to take some profit for Christmas shopping the way the Mrs goes through it!

Boring....

Shinzo Abe’s Liberal Democratic party has cruised to another election victory in Japan, strengthening the prime minister’s firm grip despite a record-low turnout. The LDP won 291 of 475 seats in the lower house of parliament, the more powerful of the two chambers, roughly matching its performance two years ago, when Mr Abe swept to power on a promise of overcoming more than a decade of deflation. The result is a boost for Abenomics, the prime minister’s three-pronged growth platform, as it buys time to pursue some of the tougher structural reforms to revitalise industry and agriculture. It could also extend Mr Abe’s own reign until 2018, meaning that the 60-year-old conservative could become one of Japan’s longest-serving prime ministers of the post-war period – FT.

The US Senate ended the threat of a government shutdown by passing a $1.1 tln spending package at the weekend, but only after days of acrimony and revolts that are likely to foreshadow more of the same next year. The sprawling package, which was backed by both party establishments, will fund most of the federal government through to September 2015 and now goes to the White House to be signed by President Barack Obama, who supports it. But populist rebellions against it on both sides of the aisle put paid to hopes that Congress was edging towards an era of more constructive bipartisan co-operation before Republicans take control of both chambers next year – FT.

David Cameron is eyeing a deal on Britain’s EU relationship just months before his mooted referendum, as diplomats work towards a “sweet spot” for an agreement in the summer of 2017, the tantalising gap between French and German elections. Mr Cameron believes that a new French president, possibly a returning Nicolas Sarkozy, will be best-placed to help Britain, working alongside Angela Merkel, whose mandate expires at German elections in the autumn of 2017 – FT.

Fitch Ratings cut France's Long-term foreign and local currency Issuer Default Ratings to AA from AA+, resolving the Rating Watch Negative; the outlooks on France's Long-term ratings were Stable. Issue ratings on France's unsecured foreign and local currency bonds were also downgraded to AA from AA+; but Fitch affirmed the short-term foreign currency IDR at F1+ and Country Ceiling at AAA. It acted after not seeing "material improvement" in the "trajectory of public debt dynamics following the European Commission's opinion on France's 2015 budget". The French government announced €3.6 bln in additional budget saving measures (0.17% of GDP) for 2015, which will push down next year's official headline fiscal deficit target to 4.1% of GDP from the previous 4.3% forecast. Budgetary consolidation cannot be "perpetually put off" Jens Weidmann, the president of the German central bank said over the weekend. The head of the German central bank has criticised the EU's decision to give France extra time to sort out its budget, hinting at a disagreement between Europe's two most powerful economies. Weidmann told a French newspaper that he feared last month's decision to give France more time to spell out plans to fix its budget deficit risked giving the impression that EU rules are up for negotiation – MNI. -