On Market Pulse, Stuart writes, "Gold was becalmed on Thursday after a roller coaster trade in the previous session, with dealers expecting physical demand to resurface after prices dropped from their strongest level since October last year." An ounce of yellow hope was going for $1,330.00 at the end ...Continue Reading
Responding to yesterday's FT query, "Why would anyone trade forex?" Gerald Segal writes on LeapRate, "The retail forex sector is far from perfect, and can always be improved. But the reasons which so many traders turn to forex are fairly obvious and well documented." Segal responds to the FT's ...Continue Reading
Submitted by J. Michael Cole of The Diplomat,
As Taiwan’s legislature prepares to review the controversial Cross-Strait Services Trade Agreement with China next month, apprehensions over the island’s growing economic reliance on China continue to rise. A recent anti-dumping case initiated by a U.S. trade commission, and subsequent ...Continue Reading
China’s credit-market gauges are triggering alarm bells, as banks grow cautious in lending to each other while investors prefer the safest government bonds.
The spread between the two-year sovereign yield and the similar-maturity interest-rate swap, a gauge of financial stress, reached 121 basis points on Feb. 19, the ...Continue Reading
The US dollar has been confined to narrow ranges against the major currencies. The euro, yen, and sterling have traded well within yesterday's ranges. The dollar-bloc was a bit heavier, but the Canadian dollar has fully recovered and the Aussie, nearly so, after disappointing, but dated, Q4 construction ...Continue Reading
Who manages the managed account managers? The CFTC, that's who. A CTA in Denver is no longer a CTA in the wake of a finding of theft of their own investors' funds from a Forex Managed account. Caveat emptor and know who it is who's holding your funds.
Read the ...Continue Reading
Mingze writes, "The wave of supply generated by the U.S. oil boom will help cushion any possible disruption from Venezuela if political unrest in Latin America’s largest crude oil exporter escalates, energy strategists told CNBC this week." Global oil markets are edgy with Libya and South Sudan's supply in ...Continue Reading
On ForexCrunch, Kenny's guide to trading the British GDP... "published each quarter, GDP measures the production and growth of the UK economy. Analysts consider GDP one the most important indicators of economic activity. A reading which is higher than the market forecast is bullish for the pound." Read on ...Continue Reading
You might have seen that one of my latest posts regarding Woodie's CCI. As I already wrote, Woodie's CCI is the main indicator in my strategy. This indicator creates patterns that help to understand the graph better. In one of previous posts I explained and gave examples about a pattern called "Zero Line Reject" (ZLR). In this post I will explain about a pattern that I noticed through my work with Woodie's CCI, although Ken Wood himself does not use it. It is a reversal pattern, against the key trend. ...Continue Reading
The other day figures were released showing ownership and net purchases of US Treasury debt in 2013. There’s a good set of graphs over at The Big Picture. The big headline in all this is that the Fed was far and away the largest net buyer, having account for over 70% of all issuance last year. Of course this is a function of the central bank’s ongoing quantitative easing program. We should not be surprised by such big figures, and probably should look to see more of the same moving forward. Why? A couple reasons. ...Continue Reading