- Did You Trade the USD/JPY Last Week?

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Did You Trade the USD/JPY Last Week?

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For the past five years, the Singapore dollar has strengthened against the U.S. dollar. But news of scorching first-quarter GDP growth of 7.2% year over year has made Singapore a hotbed of investment opportunities.
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Did You Trade the USD/JPY Last Week?

Friday, 12 October 2007

By Charles Delvalle
In last week’s article, I told you that if you were bold, you would buy into the USD/JPY to take advantage of recent dollar strength. Well, I hope you took advantage of that, because you would have made some decent money. On Friday, the USD/JPY was around 116.912. Today, the USD/JPY is at 117.696.
That’s a profit of 784 pips. Had you put $1,000 into this trade, you’d be up 78 percent (each pip equals a dollar)!

Considering the huge opportunities available in the currency market, you can be sure that I’ll be covering it more in the future.

In the meantime, if you want to take advantage of some of the great trades I’ve been issuing, there is another way to do it.

About a month ago, Andrew Gordon and I started up a new trading service. Not only will you get short and long stock recommendations, you’ll also receive a few options trades every single month.

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We also plan on issuing trades on currency options from time to time.

So far, I’ve issued two options recommendations and both of them are up - one is up more than 100 percent in just six days, and the other is up more than 40 percent. All in all, the portfolio is up 24 percent in just under a month’s time.
If you want to check out the next recommendation on my radar, and learn more about Global Profits Hotline, email me This e-mail address is being protected from spam bots, you need JavaScript enabled to view it
Source : Investor's Daily Edge

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