Yen assaulting Dollar in early trading:

[Subdivisions]

?=FOREX_USDJPY&t=l&w=15&a=50&v=d12

?s=FOREX_USDJPY&t=l&w=1&a=2&v=s

Will carry trades unwind? Looks like a turbulent day ahead on Monday. Hold on to your hats.

Comment from those more in the know are sincerely appreciated. :D

[Joanne98]

1. Will we become the next carry trade?

[HCE SuiGeneris]

2. Dollar dumping,

sport of "kings" these days. Hold on is exactly correct.

[Blackhatjack]

3. Explain to the rest of us exactly what this means.... Thanks

I know it has something to do with buying Yen to finance trades.

[A HERETIC I AM]

5. From Investopedia.com;

http://www.investopedia.com/terms/c/currencycarrytrade.asp

A strategy in which an investor sells a certain currency with a relatively low interest rate and uses the funds to purchase a different currency yielding a higher interest rate. A trader using this strategy attempts to capture the difference between the rates - which can often be substantial, depending on the amount of leverage the investor chooses to use.

[MadHound]

4. Anybody know what reports are due out this week?

Consumer confidence, anything like that? Frankly if we have another set of reports like we had last week, along with a dropping dollar and rising oil prices, this coming week could very well be hell on wheels.

Frankly I don't think that even the PPT can prevent a major crash. And whatever prompted the SEC to remove controls from computer trading, I just can't fathom. What, they want to see a thousand point drop in a day, every day?

I'm so glad that I haven't re invested my retirement yet. I'm going to wait for the market to even out at this point, and buy when it bottoms out.

[Nite Owl]

6. Here's the list for the week

http://www.thestreet.com/s/economic-calendar-november-12-november-16/markets/databank/10388315.html

[Yael]

7. Oil futures for December expire on Tuesday

RIght now, they are just under $97 and a LOT of people are holding Calls on $100

It is going to be really nasty. :scared: