DailyFX Tips & Picks: Analyst’s pick March 24, 2014 CURRENCY STRATEGIST CHRIS VECCHIO My pick: Out of euro long, looking short post-FOMC meeting Expertise: Fundamental and technical analysis Average time frame of trades: A few hours to a few weeks A more hawkish Federal Open Market Committee (thanks to Fed chair Janet Yellen’s hint that the first rate hike could come around six months [...]
Rethinking the safe haven: What’s fuelling gold’s rise March 17, 2014 Simple assumptions about the yellow metal could result in traders getting burnt. Treasury yields could be a better metric for gauging where it may go next To many, gold’s sharp rise in recent months, widely attributed to increasing geopolitical tension in Ukraine and fears of a Chinese economic slowdown, has underscored its role as the [...]
CNBC Comment: Why Kiev’s corruption problem matters March 17, 2014 WHAT have insider trading, price-fixing, front-running financial market players got to do with the Crimea crisis we are now confronting in Ukraine? On the surface, not a lot. But as I sit here at my vantage point overlooking the destruction and barricades in the centre of Kiev, I can’t help thinking that there is one [...]
DailyFX Tips & Picks: How effective leverage contributes to trading success March 17, 2014 WHILE trading with high leverage is theoretically an effective way to quickly generate a good income with a small deposit, results show that it’s not necessarily the best way to trade. As an analyst at FXCM, I meet many traders every year; they join us for our in-house seminars or our daily webinars. Many have [...]
DailyFX Tips & Picks: Analyst’s pick March 17, 2014 CURRENCY STRATEGIST CHRIS VECCHIO My pick: Long euro-dollar from $1.3825, long euro-yen from ¥141.50 Expertise: Fundamental and technical analysis with risk management Average time frame of trades: A few hours to a few weeks The most significant event to dislodge the euro from its recent resiliency was commentary from ECB president Mario Draghi on Thursday. [...]
CNBC Comment: How to invest amid fresh market highs March 10, 2014 IF THERE’S a full-blown war, we sell. If there’s a semi-war or ongoing tensions, we keep buying.” Most of the discussions I’m currently having with my guests sound a lot like this. While war is no good for anyone, fears about Ukraine and Russia are perceived by most investors as isolated, and many simply aren’t [...]
DailyFX Tips & Picks: There’s a way to deal with inevitable new trader doubts March 10, 2014 THERE are only a few things that can make you feel alive like trading with real money. Seeing a position gain in value will, without doubt, fill most new traders with a strong sense of euphoria. Yet any new trader who is happy with his or her returns, and who has gained confidence, will almost [...]
DailyFX Tips & Picks: Analyst’s pick March 10, 2014 CURRENCY STRATEGIST CHRIS VECCHIO My pick: Long euro-dollar from $1.3825, long euro-yen from ¥141.50 Expertise: Fundamental and technical analysis with risk management Average time frame of trades: A few hours to a few weeks The long euro-yen and euro-dollar trades we positioned for last week were triggered on the ECB rate decision and, barring a [...]
Ukraine conflict adds to perfect storm for international markets March 3, 2014 And investors should expect rising levels of geopolitical risk Market risk sentiment quickly unraveled yesterday, as investors reacted to what has been termed the biggest threat to European security this century. As Russian troops massed in Crimea, stocks in Moscow’s MICEX index crashed by around 9 per cent on the open (see graph), with the [...]
CNBC Comment: Russia’s economy looks set up for a fall March 3, 2014 DECADES of diplomacy ushered Moscow into the international tent. And in the interest of keeping the country inside, Western powers mostly seemed content to ignore Russian aggression across its borders and human rights violations within. But this not-so-Great Game of diplomacy only works when all sides are prepared to at least preserve the façade. Closer [...]