DailyFX: Analyst picks November 18, 2013 CURRENCY ANALYST CHRIS VECCHIO My pick: Stopped flat on euro-dollar and Aussie-dollar, long sterling-yen Expertise: Fundamental and technical analysis Average time frame of trades: A few hours to a few days Both my short Aussie-dollar and euro-dollar positions started off strong, but were both stopped out at break-even after Janet Yellen made clear her intent [...]
How to apply technical charts to improve your performance in trading November 11, 2013 TECHNICAL analysis is based on the idea that historical prices can provide insight into future prices. Using technical charts, traders seek to determine the likelihood of the continuation of the current trend, as well as the potential point at which the trend may reverse. While there are countless types of technical charts, most will fall [...]
Italy a ticking timebomb for the fragile Eurozone November 11, 2013 Improvements elsewhere in the periphery contrast with the worryingly slow progress in Rome In parts of the Eurozone periphery, there are signs that struggling economies are finally turning a corner. Spain, for example, has returned to growth – albeit at the slow pace of 0.1 per cent in the third quarter – and Portuguese unemployment [...]
CNBC Comment: FX market probe raises Libor fears November 11, 2013 YOU DON’T have to read one of John Le Carre’s spy novels to believe his maxim that “bankers will always get away with whatever they can get away with”. The latest scandal afflicting the industry is the fast-moving investigation into the $5.3 trillion (£3.3 trillion) FX market: just three months in, it has embroiled 10 [...]
DailyFX: Analyst picks November 11, 2013 CURRENCY STRATEGIST CHRIS VECCHIO My pick: Short euro-dollar and pending short Aussie-dollar Expertise: Fundamental and technical analysis Average time frame of trades: A few hours to a few weeks The European Central Bank (ECB) meeting, the third quarter US GDP figure, and the October US non-farm payrolls (NFP), all generated immense volatility in euro and [...]
How to employ market volatility indicators to build a trading strategy November 4, 2013 FOR LESS experienced forex traders, the correlation between volatility and market prices – and how this relationship can be used to help build trading strategies – can prove elusive. Volatility expresses the degree of price change over a given time period. And one of the more common means of measuring market price volatility is the [...]
Deflation fear prompts Eurozone rate cut talk November 4, 2013 But a single data point is unlikely to convince the ECB that immediate loosening is necessary European shares traded close to five-year highs yesterday amid speculation that the European Central Bank (ECB) will cut its policy rate on Thursday. The FTSEurofirst 300 Index rose above 1,296, a near 6 per cent increase from Friday’s levels. [...]
CNBC Comment: Vanilla trading for the end of 2013 November 4, 2013 IT ALL got a bit catty behind the scenes on the set of SquawkBox this week. During one of our daily market open strategy debates, one of my guests told the audience that his big idea for the rest of the year was to “buy the winners of 2013 and sell the losers”. At this [...]
DailyFX: Analyst picks November 4, 2013 CURRENCY STRATEGIST CHRIS VECCHIO My pick: Selling rallies in euro-dollar and sterling-dollar Expertise: Fundamental and technical analysis Average time frame of trades: A few hours to a few weeks The US dollar has strengthened over the past few days on the back of steadily rising Treasury yields. The yield curve has exhibited signs of repricing [...]
CNBC Comment: Caution reigns over Fed taper decision October 28, 2013 WITH Christmas just around the corner (according to one retail analyst, seasonal merchandise has been on the shelves since early August – a new record), markets are now focusing on the final quarter of the year. The Federal Open Market Committee’s meeting tomorrow will be closely watched for hints about how far away the Fed’s [...]