I like to  inform you that this blog will not longer be available and that its contents will be found from now on in FXstreet’s Social Network:

http://www.forexstreet.net/profile/RonSchelling

The great inflationary collapse of the US Dollar is in full effect. If Bernanke was going to do ANYTHING to support the Dollar, yesterday was the day for him to have done it. Instead, we’re going to enter a mega-inflationary collapse.

Indeed, at the current pace we’re going the US Dollar will be collapsing soon. So if you are not already preparing for mega-inflation, you need to get moving now. Because time is running out.

Below the US Dollar Spot Index (not USDX Futures) based on major currencies against the US Dollar.

Other major currency trends are on:

http://www.2hedge.com/mmfxtrend.html

In the Carry Trade, speculators buy high interest currencies and sell currencies with low interest rates. These positions ensure that each trading day rollover-interest will be posted to the trader’s account.

Thus the Carry Trade has the potential to significantly enhance a trader’s return. Currency carry traders who borrow in countries with low interest costs to fund purchases in markets with higher yields are seeing returns rebound from two- year lows as the Federal Reserve and the Bank of Japan

show no urgency to raise interest rates.Investing the proceeds of yen loans in New Zealand dollar denominated assets has earned 305 percent in annual terms since March 17 !

The carry trade is reviving as traders step up bets that the Fed and BOJ will keep their target interest rates at record lows for longer than was anticipated earlier this year. While stronger currencies may help emerging economies damp inflation, they also risk curbing exports they rely on to bolster growth.

The Bank of Japan’s’overnight lending rate of between zero and 0.1 percent and the federal funds target rate of zero to 0.25 percent mean investors can borrow at rates far below what they can earn in Australia, where the central bank cash rate is 4.75 percent, or in Brazil, whose benchmark Selic rate is 12 percent. The Australian dollar has appreciated 13 percent against the yen since the G-7 move and the real has strengthened by 11 percent.

Over the past hour Zero Hedge has been inundated with reader comments notifying us that Ampex has, validating the earlier post speculating about a possible silver shortage at the metals distributor, launched a “reverse ïnquiry” in which it will pay “you $3.00 over the current spot price of Silver for your Silver American Eagles. ANY year, ANY quantity!” and “We will pay you $38.00 over the current spot price of Gold for your Gold American Eagles. ANY year, ANY quantity!” So aside from this first public confirmation that one of the biggest wholesale retailers of precious metals is now inventoryless, we can certainly see why Asia has decided to take silver down in the afterhours electronic session.

http://www.zerohedge.com/article/apmex-starts-reverse-inquiry-seeks-buy-any-quantity-silver-clients-3-over-spot

(c) ZeroHedge

Not all FX Traders are big speculators.
The Forex Balanced Basket strategy keeps 10 currency pairs more or less in balance with each other.
Each day we look for small profits, adjust the small losses and so keep pairs in balance again.

For more info, us the link below or click on the picture below:

http://www.2hedge.com/mmbbasket.html 

Below the weekly London Monday morning opening breakouts based on last week price data.

More about this strategy on:

http://www.2hedge.com/mmbreakout.html

Click on picture below to zoom in.

There’s lots of action in the forex industry towards the Easter holiday. dbFX, one of the highly regarded forex brokers, and forex retail bank (backed by the huge Deutsche Bank) is shutting down its operations and moving willing clients to forex.com (Gain Capital).

http://www.forexcrunch.com/dbfx-shutting-down/

http://www.dbfx.com/ 

There are rumors that China will conduct a very large upward currency revaluation of perhaps 10% over the Easter weekend. Conditions in China are getting increasingly unstable.

The full article at the link below or click on the picture:

http://seekingalpha.com/article/264736-china-revaluation-u-s-called-for-a-stronger-yuan-it-may-just-get-one

Automated Platform ZuluTrade Allows FXCM Russia Customers to Replicate Forex Trading Experts’ Strategies.

Partnership enables social trading on the Forex market 24 hours a day without the need to be in front of a computer

ZuluTrade.com, the largest Forex automated social trading exchange, which enables users to reduce the influence of emotion on trading, announced today their partnership with FXCM Russia, the leading capital market broker.

Founded in 2007, ZuluTrade is headquartered in Athens, Greece, with branch offices in New York, Hong Kong and Shanghai, and has a team of 60 people. ZuluTrade has 17,000 trading clients in its online network, and a trade volume close to $150 billion USD globally. About FXCM FXCM is one of the largest Forex Brokers wordlwide, with over 173,000 tradable accounts from over 180 countries, and customer support available in over a dozen languages. FXCM boasts numerous awards from the investment community, including Best Retail Foreign Exchange Platform and Best Foreign Exchange Specialist.

Many know this page already, but still interesting of course as AAA or the USA is in dicussion now.

Click on the picture to have a look at this US debt clock:

http://www.usdebtclock.org/index.html