DailyFX Tips & Picks: Analyst’s pick March 3, 2014 CURRENCY STRATEGIST CHRIS VECCHIO My pick: Long euro-dollar, euro-yen above ¥141.45 Expertise: Fundamental and technical analysis with risk management Average time frame of trades: A few hours to a few weeks The euro has proved resilient in the wake of Russia’s intervention in Ukraine. Euro-dollar is holding above our key level of $1.3770, and a [...]
Eurozone at risk of deflation shock as ECB mulls its options February 24, 2014 Traders still expect policy action next week, but not all disinflation is seen as a problem for the single currency Yesterday’s upward revision to January’s Eurozone inflation reading did little to calm the nerves of those worried about a possible slip into Japanese-style deflation. The harmonised index of consumer prices (HICP) was revised up from [...]
CNBC Comment: G20 optimism clouded by fishy growth target February 24, 2014 THE GATHERING of the G20 group of finance ministers and central bankers in Sydney has now wrapped up. Often criticised for comprising too many nations and acting as little more than a talking shop, the G20 has sought to free itself of this image with a communiqué announcing its aim of boosting world GDP by [...]
DailyFX Tips & Picks: How to profit from the London FX volatility breakout February 24, 2014 LIVING in London has considerable value for foreign exchange traders. While the FX market is truly global, its heart and soul still reside in London. An estimated 30 to 35 per cent of foreign exchange flows transact during the London trading session, and this amount of liquidity can have numerous benefits for the trader. The [...]
DailyFX Tips & Picks: Analyst’s pick February 24, 2014 CURRENCY STRATEGIST CHRIS VECCHIO My pick: Long euro-dollar above $1.3770, short below $1.3680; watching euro-yen Expertise: Fundamental and technical analysis with risk management Average time frame of trades: A few hours to a few weeks Our attention is now more focused on the euro. It has proved resilient in 2014, despite deflation fears. But with [...]
Three market-moving political risks leave little room for error February 17, 2014 Italy, Scotland and the EU could all prompt serious ripples AS ITALY’S Democratic Party leader Matteo Renzi was given the mandate to form a new government yesterday (the country’s fourth since the start of the Eurozone crisis in 2009), Italian 10-year bond yields dropped to their lowest level in eight years. Uncertainty stemming from Italy’s [...]
CNBC Comment: Strong sterling could swing Bank on rates February 17, 2014 IF YOU’RE thinking about going abroad soon, the good news is that the pound just keeps getting stronger. Although the rally took a breather yesterday, sterling is up at five-year highs against a basket of currencies, and up near a three-year peak versus the dollar. This is being driven by two factors. On the one [...]
DailyFX Tips & Picks: How to trade with the trend with this popular indicator February 17, 2014 WHAT if I told you that, if you trade with the trend, you’re more likely to be profitable? Now what if I told you that there is an indicator that helps you identify the trend to ensure you’re on the right side of the market? There is, and it’s called Moving Average Convergence Divergence (MACD). [...]
DailyFX Tips & Picks: Analyst’s pick February 17, 2014 CURRENCY STRATEGIST CHRIS VECCHIO My pick: Sterling-yen short invalidated; sterling-dollar hits key level Expertise: Fundamental and technical analysis with risk management Average time frame of trades: A few hours to a few weeks Last week I suggested that a “close above ¥168.21 would portend to further strength in the near-term” for sterling-yen. Almost immediately our [...]
CNBC Comment: Volatile markets threaten the IPO revival February 10, 2014 THE SELL-DOWN in emerging market assets has seen investors withdraw money at speed. And it may not be over yet. As Nomura analysts have pointed out, just because the selling has been vicious, it doesn’t mean it’s a crowded trade. But stepping away from the herd is private equity. Last year, these cash-hoarders scoured the [...]