Hmm did my first forex trading at around 5am in the morning! Was reading some articles about people talking about it.. They relied heavily on the Technical analysis and more or less doing a momentum trading. I was skeptical about it, thus after reading some news articles that traders are starting to sell YEN due to recently hype about reducing their carry trades by buying up YEN and thus devaluing the dollar.. As i was thinking if everyone is trying to return the loans, economy in US is confirmed to be shrinking. But a news caught my eyes.. China's stimulus package haha.. Although technically speaking its suppose to pioritise domestic growth, it however will also help sustain the dollar. Why ? I also not very sure whether i am correct. By retaining domestic growth, China see little benefits of cashing out Foreign reserve based in USD and crashing China's main importer.. This is however short term.. if more companies are about to close down, USD is bout to decline futher.
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