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Looking for a recession and inflation proof investment? Do the equity markets have your portfolio doing the limbo? Do you want to be excited about investing again? Perhaps a Forex Managed Account is the right choice for you. For more information write to; fx.hoy.capital.management@gmail.com
"Money makes the world go around, we just help keep it spinning"

FX What?

FX Hoy Capital Management was conceived in order to address the lack of profitable non-equity linked investments in today's financial marketplace. Over the past few years, as during other periods of slow economic growth coupled with ever increasing commodity costs, many investors have had a tough time seeing any positive gains on their portfolios. Equity linked securities, bonds, notes, mutual funds, as well as real estate backed portfolio's do not bode well in this scenario.

Investing in the Spot Currency Market, or the Forex (Foreign Exchange) Market, has many benefits, not limited to the fact that currencies are both recession and inflation proof. Regardless of the current economic outlook a Country's Currency (Major World Currencies GBP/USD/JPY/CHF/EUR) will always be a positive tangible asset.

The Forex market is the largest and most liquid market in the world. Even if you are a novice investor surely you have read about the trillions of dollars that change hands within this market on a daily basis and the fact that it is considered the “wild west” of the investment world, due to it's relative newness to retail investors and lack of a central trading or clearing house as with equity markets. This market can be very exciting to trade, however it can also be very scary. Only a small amount of traders actually make money within the forex market, let FX Hoy Capital Management help you become one of those traders.

A Managed Forex Account with FX Hoy Capital Management seeks to provide it's investors with the three most basic and sought after benefits one should look for in any investment; Transparency, Control, Profitability.


FX Who?

From a one trader in his den operation FX Hoy Capital Management has grown into a multi-national on-line firm comprised of several full time traders, a systems operations specialist, and a seasoned business administrator, all of whom are focused on our primary goal; 100% client satisfaction.

Our managed account program allows individual investors to take part in our trading success. Currency trading serves today’s investors as an excellent way to diversify one's porfolio. Our aim is to significantly outperform major indices, money market accounts, CDs, and mutual funds.

FX Hoy Capital Management is based in Mexico and has active traders in both the USA and Canada. All of FX Hoy's principals trade their own personal accounts using the same strategies applied to our Managed Account portfolios.

Friday, June 6, 2008

NFP....I'm scared

As mentioned in a previous post normally I (we, FX Hoy collectively) NEVER trade on the first Friday of every month due to the NFP data release. This is by far the biggest regularly scheduled market mover in the monthly news calender.

That being said we have 2 open positions right now on the GJ, both of which are under water going into the news release. You will not see this happen very often however after analyzing previous NFP and Unemployment Number releases we see that in the last 6 months when we saw POSITIVE Unemployment Change data on the Thursday before "NFP Day" the NFP and Unemployment Percentage (one or both) were NEGATIVE. Not to mention Oil has shot up by $3.00 in early market trading which means commodity traders are looking for a weak dollar. Based on this I decided to leave the positions open with their current SL and TP in place. Another positive note is that we have only had 2 or 3 bullish Friday's on the DOW in the last several months.

UPDATE

NFP came through BELOW the expected number (Positive for the USD) however the Unemployment Percentage came in at -5.5% which is VERY BAD and quite bearish on the US economy.

Right now GJ is trading lower, slightly lower, but the release sent it down VERY sharply. I will hold the position.

Posted by FX Hoy Capital Management at 7:33 AM
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