Its been long when I last posted on this blog. Lot of things have changed in meantime, when I started this blog I used to trade only GBP/USD . I was new in forex trading, I didnt understand markets much, importance of money management and long term trading were strange concepts to me.. but i was in process of discovery , I was learning fast. Now I am much confident about my trading. I analyse many pairs, I have become more of a fundamental trader.
Things have changed in market as well. FED is tapering it QE program. UK is growing economically but Scotland independence vote is a concern for me, Scotland choice of independence may create panic in British markets. New Zealand is expected to become 1st developed country to raise interest rates but its currency is trading at all time historical highs. will it continue to increase in value? I think it will be stable to lower over long term. Europe on average is growing, its pmi's are in expansion territory, its inflation is low, but production increase will take it higher sooner or latter. china performance hasn't been so impressive lately japan also wants to bring inflation rate to 2%. Interest rate in japan should stay at current levels for long due to its debt/gdp ratio. Increase in interest rates will effect badly on local debt. I am forecasting top ten currencies to stay at stable levels for this year. My recommendation is to buy currencies with higher interest rates, diversify your investments, and don't buy at one price. break your trade in parts and buy at different prices.
Muhammad Fazil Panhwar
Things have changed in market as well. FED is tapering it QE program. UK is growing economically but Scotland independence vote is a concern for me, Scotland choice of independence may create panic in British markets. New Zealand is expected to become 1st developed country to raise interest rates but its currency is trading at all time historical highs. will it continue to increase in value? I think it will be stable to lower over long term. Europe on average is growing, its pmi's are in expansion territory, its inflation is low, but production increase will take it higher sooner or latter. china performance hasn't been so impressive lately japan also wants to bring inflation rate to 2%. Interest rate in japan should stay at current levels for long due to its debt/gdp ratio. Increase in interest rates will effect badly on local debt. I am forecasting top ten currencies to stay at stable levels for this year. My recommendation is to buy currencies with higher interest rates, diversify your investments, and don't buy at one price. break your trade in parts and buy at different prices.
Muhammad Fazil Panhwar
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