Archive for January, 2010
Football and Trading (For all our clients outside of North American my apologies in advance for using such an American football laden metaphor in this week’s piece. But this is Super Bowl week in US and I couldn’t resist. Don’t worry if have trouble understanding the references focus on the main point that in American [...]
The Great Recession is now in our rear-view mirrors and with GDP growth of 5.7 in the fourth quarter, the recovery looks well underway. However, the surge in growth is unlike anything we have seen in a while. The recessions of the early 2000’s and 1990’s saw inconsistent growth after the recession ended. After [...]
There was a sharp move intraday in EUR/CHF that smells like intervention…but was it? SNB member Hildebrand and the Bank of International Settlement has declined to comment on the move in the Swiss Franc. The first chart shows today’s price action in EUR/CHF and the second shows the price action of EUR/CHF when [...]
Over the past few trading days, the British pound has been confined to a very tight trading range. The following chart illustrates the predicament that GBP/USD traders find themselves in right now and I believe that the breakout will be to downside with the GBP/USD testing 1.60 in the near term.
This morning, [...]
At the beginning of the year, I said my New Years resolution is to blog more so here I am trying to stick to it as much as possible.
You probably don’t know that I am a big fan of skiing but I love the exhilaration of being on the slopes and being outdoors [...]
I published a full analysis of the FOMC meeting on FX360.com but here’s a visual breakdown of the changes to the latest FOMC statement.
Last Friday, the CFTC released their weekly report of futures positioning. According to the data, which was as of last Tuesday, short positions in the Japanese Yen hit the highest levels since August 2008. At that time, the Yen weakened significantly and soon after a short squeeze pushed the currency sharply higher against the [...]
Forex trading volume has finally recovered after the wave of deleveraging caused the market to contract back in April 2009. Earlier this week central banks from around the world released their semi-annual foreign exchange surveys and according to the reports, the average daily trading volume between April and October of 2009 increased significantly. [...]
A Trade Not A Gamble “Why are you not taking this trade?” one of the subs asked me in our live trading session on Friday. I had just pointed out a possible setup but held back from pulling the trigger because the risk factor was too high. “Because I am looking for a trade not [...]