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01-14-08, 02:00 PM
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 Best position trade in 2008 Buy Asian currencies(short usd) like usd/sgd,usd/cny,usd/thb,usd/inr,usd/twd,etc. U can find those pairs in Oanda. Why? Because Chinese yuan will accerate its rise throughout this year thus will also affect those Asian currencies. Short usd/cny is almost risk free but it's not profitable in long term because the negative interest is too high and margin requirement is is too much(for Oanda) so short other Asian currencies is good replacement. Just my opinion. What u think?  |
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