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 [...]
DailyFX Tips & Picks: How to quickly gain an edge in a one-eyed market February 10, 2014 MOST traders tend to stick to a single market and trade accordingly. But they could gain a great deal by leaving this attitude behind and looking at other markets at the same time. Did you know that, a majority of the time, euro-dollar and sterling-dollar trade in the same direction? Yet people still trade them [...]
DailyFX Tips & Picks: Analyst’s pick February 10, 2014 CURRENCY STRATEGIST CHRIS VECCHIO My pick: Stay short sterling-yen, watch for dollar-yen below ¥101.50 Expertise: Fundamental and technical analysis Average time frame of trades: A few hours to a few weeks The yen was January’s top performer and started February strong. But sterling-yen’s late-week reversal draws further losses into question. We look to the individual [...]
Real emerging market risk is not repeat of 1997 Asian crisis February 3, 2014 Don’t prepare for a reversal in market’s appetite for risk anytime soon TO SOME analysts, the bloodbath in emerging markets over the past fortnight bears uneasy similarities to the early stages of previous full-blown emerging market crises. As a recent note by Brewin Dolphin pointed out, such episodes have historically recurred every 15 years or [...]
CNBC Comment: Don’t blame the Fed for sentiment swing February 3, 2014 WHAT is the difference between the global economy on the last day of 2013 and the first day of 2014? Absolutely nothing. And yet if you look at financial markets, you’d think that something dramatic had happened to send sentiment diving off a cliff after 1 January. What happened to the glorious 2013 rally, accompanied [...]
DailyFX Tips & Picks: Why traders should lose gracefully but win with style February 3, 2014 FXCM data shows that the average trader is right 60 per cent of the time. So why is it that some traders struggle? Analysing 12m actual trades by retail investors, we know that the number one reason for the average trader’s difficulties is a tendency to do the opposite of common wisdom. Losses will be [...]
DailyFX Tips & Picks: Analyst’s pick February 3, 2014 CURRENCY STRATEGIST CHRIS VECCHIO My pick: Stay short sterling-yen, watch for dollar-yen below ¥101.50 Expertise: Fundamental and technical analysis Average time frame of trades: A few hours to a few weeks Sterling-yen remains on track for a continued pullback, as investors grapple with potential shifts in both the Bank of England’s and Bank of Japan’s [...]
CNBC Comment: Mexico can withstand current volatility January 27, 2014 DAVOS is done, and chief executives are returning home to further volatility after last week’s emerging market-led sell-off. In December, the US Federal Reserve announced that it would start tapering its monthly asset buying from $85bn to $75bn. And tomorrow, its rate setting committee will inform us of both its latest rate decision (no change [...]
DailyFX Tips & Picks: Pivot pointing the high and low of the London session January 27, 2014 IN MY last column, I demonstrated the time of the day at which most highs and lows of the London FX session tend to occur, and why this tends to be the case. Today, I will focus on the price levels at which these highs/lows tend to be created using the pivot point indicator. The [...]
DailyFX Tips & Picks: Analyst’s pick January 27, 2014 CURRENCY STRATEGISTCHRIS VECCHIO My pick: Stay short sterling-yen; euro-dollar and dollar-yen key levels aheadExpertise: Fundamental and technical analysisAverage time frame of trades: A few hours to a few weeks Sterling-yen is on track for a meaningful pullback in light of two significant fundamental factors: a shift in Bank of England and Bank of Japan policy [...]