Carry trade opportunities arise when investors borrow money in a low-interest-rate currency and invest it in a higher-interest-rate currency, aiming to profit from the interest rate differential. Here’s how you can find and evaluate carry trade opportunities: Identify Interest Rate Differentials: Research Central Bank Rates: Start by looking at the central bank interest rates for various countries. High-yielding currencies typically have higher interest rates set by their central banks, while low-yielding currencies have lower rates. Currency Pairs: Focus on currency pairs where the interest rate differential is significant. For example, if the central bank rate in Japan is 0.1% and in Australia is 4.1%, the AUD/JPY pair could present a carry trade opportunity. Analyze Currency Stability: Currency Trends: Examine historical data and trends to determine if the high-yielding currency is relatively stable or appreciating. A stable or appreciating high-yield currency is more desirable in a carry trade. Political and Economic Factors: Consider the economic stability and geopolitical factors that might affect the currencies involved. Monitor Swap Rates: Broker’s Swap Rates: Check the swap rates or rollover rates offered by your broker for holding positions overnight. Positive swap rates indicate that you will earn interest by holding a long position in the high-yielding currency. Comparison Tools: Use financial tools or websites that compare swap rates across different brokers and currency pairs. Evaluate Risk Factors: Exchange Rate Volatility: High volatility can erase any gains from interest rate differentials. Use technical analysis to assess potential volatility. Interest Rate Changes: Stay updated on economic news that could lead to changes in interest rates, which can impact the carry trade. Utilize Financial Tools and Indicators: Interest Rate Differential Indicators: Some trading platforms offer indicators that help identify interest rate differentials and potential carry trade opportunities. Economic Calendars: Track economic releases and central bank meetings that could influence interest rates and currency values. Simulation and Backtesting: Historical Analysis: Use backtesting to simulate past carry trade strategies based on historical interest rates and currency movements to understand potential outcomes. Risk Management Tools: Implement stop-loss orders and other risk management strategies to protect against adverse currency movements. Stay Informed: Financial News: Follow global economic news and reports from central banks, as well as market analyses, to stay informed about changes in interest rates and other factors affecting currencies. Expert Analysis: Read reports and analysis from financial experts who specialize in forex and carry trades. Consider Alternative Markets: Emerging Markets: Sometimes, emerging market currencies offer higher interest rates, though they may come with additional risks. Cross-Currency Trades: Explore opportunities beyond major currency pairs, such as cross-currency pairs, where interest rate differentials might be favorable. By combining these strategies, you can identify potential carry trade opportunities while also managing the associated risks. ...
Why you do what you do?
Interesting and enlightening video. I often think I know why I do what I do, being able to give a convincing and logical explanation on a certain action which I happened to perform. Under the same conditions at another time and place I may very possibly choose to perform some other actions, and I can very well be able to give an equally convincing explanation. https://www.ted.com/talks/petter_johansson_do_you_really_know_why_you_do_what_you_do?utm_campaign=tedspread&utm_medium=referral&utm_source=tedcomshare
Falsehoods programmers believe about email
I will be the first to admit that I make all kinds of assumptions when seeing an email address from someone. https://beesbuzz.biz/code/439-Falsehoods-programmers-believe-about-email Everyone has an email address Everyone has exactly one email address An email address never changes Whenever an address does change, it’s under that user’s control Whenever an address does change, it’s because the user specifically requested it to happen Whenever an address does change, the old address will continue to work/exist Any one email address refers to only one single person Unique strings of characters all map to different addresses All email is hosted by a centralized system When email is sent to a user at a domain, it is delivered to a server whose address matches that domain When email is sent by a user at a domain, it is sent by a server whose address matches that domain All email comes from a .com, .net, .edu, or .org address You can filter out email based on the TLD or ccTLD from which it originates Having a particular ccTLD means that you prefer to receive communications in that country’s native language (for example, .fr → French) Email addresses only contain letters Email addresses only contain letters and numbers Email addresses only contain letters, numbers, and a handful of common punctuation marks (e.g. ., _, and -) Email addresses will have at least one letter in them An email address like ^_^@example.com or +&#@example.com is invalid Email is a reliable transport Email is an instantaneous transport Emails will be sent within a few minutes of their scheduling Emails will be sent within a few hours of their scheduling Emails will be sent within a few days of their scheduling Emails will be received soon after they’re sent When an email is sent it immediately goes to its destination server If an email bounces, the address is invalid If an email doesn’t bounce, the address is valid An address which is valid will always be valid, and an address which is invalid will always be invalid All email is sent via SMTP over TCP/IP port 25 All email is sent via SMTP over TCP/IP All email is sent via SMTP over IP All email is sent via SMTP All email servers support the various vendor extensions by the current “everyone uses this vendor” vendor (Microsoft, Google, etc.) An email can only have one From: address The Date: header on a message is legitimate The Received: headers will always be no earlier than the Date: header All email clients support HTML attachments All email clients support HTML message bodies All email clients support MIME encoding Email is secure Encrypted email is secure All email is accessed via webmail All email is accessed via webmail or IMAP All email is accessed via webmail, IMAP, or POP3 Nobody uses email anymore
True size of countries
https://www.thetruesize.com/ It is hard to represent our spherical world on flat piece of paper. Even though Greenland looks really big on the map, Greenland being 0.8 million sq. miles is much smaller than Africa being 11.6 million sq. miles.
Psychology and life
IAM demystified
https://start.jcolemorrison.com/aws-iam-policies-in-a-nutshell/ IAM is basically Who can do what to which resources. When do we care? Nice article.
Code Review
Ref: https://www.morling.dev/blog/the-code-review-pyramid/
Reversing emojis
Interesting read. https://davidamos.dev/why-cant-you-reverse-a-flag-emoji/ ` flag = “🇺🇸” reversed_flag = flag[::-1] print(reversed_flag)🇸🇺 ` https://stackoverflow.com/questions/64136641/how-to-reverse-a-string-that-contains-complicated-emojis A library that does the reverse operation correctly. https://github.com/dotcypress/runes
docker compose file creation
This tool will convert a docker run command into a docker compose file. https://www.composerize.com/
ENTRYPOINT vs CMD
The ENTRYPOINT specifies a command that will always be executed when the container starts. The CMD specifies arguments that will be fed to the ENTRYPOINT. FROM debian:wheezy ENTRYPOINT ["/bin/ping"] CMD ["localhost"] $ docker run -it img google.com Ref: https://stackoverflow.com/questions/21553353/what-is-the-difference-between-cmd-and-entrypoint-in-a-dockerfile/34245657#34245657