Posts Tagged ‘Currency’
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Quotable
“You left Claire for Frisbee the dog? Frank, let me sum this up for you: you don’t know who you are, you don’t know what you want, and you don’t know what the hell is going on!”
Ghost of Christmas Past, from the 1938 film A Christmas Carol
Commentary & Analysis
Mind the Ghost of Currency [...]
Cross Currency Analysis – A look At The Price Action Today.
The market gave an interesting technical setup today which may have escaped the attention of some technical traders out there. This brief post will look at the price action today and how cross currency correlations can be used to filter trades.
The three pairs below are [...]
In Oanda’s MT4 platform not all currency pairs in the FXTrade account are offered, however, they are all there in the FXTrade Practice!?
Speaking with one of the Oanda reps today confirmed that the problem wasn’t just me, but every other Oanda client as well.
So what is currently offered in the FXTrade MT4 platform?
Pretty much all [...]
The coming trading sessions could easily see a continuation of the previous weeks volatility. The primary news on traders minds is S&P’s cutting the long-term credit rating of the United States from AAA to AA-plus. Market speculators are well advised to keep an ear to the ground regarding risk trends as the S&P update came [...]
The moment the market had been waiting for arrived last night in the form of Bank of Japan monetary easing and intervention. This comes a day after the SNB eased rates in Switzerland in an attempt to weaken the Swiss franc. As a result, the US dollar has been strengthening, despite the weak economic picture [...]
According to conventional market wisdom, there are three safe haven currencies: the Swiss Franc, Japanese Yen, and US Dollar. It is to these currencies that investors flock whenever there is a crisis, or merely an outbreak of uncertainty, and for much of the period following the collapse of Lehman Brothers, the three were closely correlated. [...]
Quotable
“Cultured people are merely the glittering scum which floats upon the deep river of production.”
Winston Churchill
Commentary & Analysis
Aussie: If it is the key risk asset currency, it may be in trouble!
I think we need only look at one chart to understand the vulnerability of risk assets fully-priced for future growth; it is the [...]
In April, I wrote a post entitled, “Economic Theory Implies Canadian Dollar will Fall,” in which I argued that the currency’s impressive rise was belied by fundamentals. It seems the gods of forex read that post; since then, the Loonie has fallen 3% against the US dollar alone. Based on my [...]
