Ken Veksler

Ken Veksler

USER AND ACCOUNT INFORMATION
Nationality:
Australian 
See Ken Veksler on  Twitter
Timezone:
(GMT) Greenwich Mean Time : Dublin, Edinburgh, Lisbon, London 
Interest:
12 elements in forex
7 elements in commodities
6 elements in equities
25 elements in macro
View interests
User type:
Community member, Blogger 
Trading experience:
Veteran (>5 years) 
Ken Veksler, 03 February 2012

Fancy EURUSD pinball? Circus back in town so bring own helmet!

It was like playing pinball in the EURUSD yesterday - 60/70 point range about 20 times back and forth. Interestingly though the other USD pairs didn’t suffer the same fate. No-one will be keen to get out ahead of the data train this afternoon. Read more
140 Views
2 Likes
0 Comments
Ken Veksler, 02 February 2012

Things are well and truly overdone, but is this the end?

The main USD crosses are in consolidation mode, sitting firmly on the precipice of either outright success or disastrous failure. We are either due for an almighty correction or sitting on what is clearly an unsustainable up-trend. Read more
225 Views
3 Likes
0 Comments
Ken Veksler, 01 February 2012

Month-end madness, and yet nothing changed - PMI, ADP today

We continue to trade without any rhyme or reason as ranges get messier and tighter with each passing day. This overall mood does not bare well for the market as punters continue to look for something concrete to hang their hats on. Read more
185 Views
2 Likes
0 Comments
Ken Veksler, 31 January 2012

EU summit conclusion: Never trust a politician!

Yesterday provided another round of “we promise to review, get things done and save the world”. Germany looks like it will take over Europe and a return to the DEM isn’t so far away anymore. Levels on the day are a bit if a misnomer. Read more
256 Views
3 Likes
0 Comments
Ken Veksler, 30 January 2012

A shaky start to a new week: EU summit begins, no Greek deal yet

Little to go by as we walk in today, with yet more (unsurprisingly) failure to come to any Greek conclusion on Friday. Rolling over into the EU summit beginning in Brussels today, the market will once again be looking for headlines. Read more
181 Views
1 Likes
0 Comments
Ken Veksler, 27 January 2012

A change of mantra, a walk in the sun

This year, you will most definitely not miss anything in this market by stepping away for a day or so. You will miss nothing and if anything perhaps actually enjoy your trading and life just that little but more. Read more
178 Views
2 Likes
0 Comments
Ken Veksler, 26 January 2012

The final nail in the coffin of common sense

Last night was perhaps the final nail in the coffin of common sense, as Ben decided to print more free cash for another 18 months. Print, print, print, print some more and then when you think you can’t possibly print any more... print some again. Read more
82 Views
0 Likes
0 Comments
Ken Veksler, 25 January 2012

FOMC focus: Big 'bad' Ben steps up to the plate

Ben Bernanke will embark on a new era of trying to forecast rate projections as a means to give the market more transparency and perhaps tame the tide of speculation. Keeping the market well informed though could backfire on the Federal Reserve. Read more
216 Views
1 Likes
0 Comments
Ken Veksler, 24 January 2012

We elect them and look what they do to us

Alright, it may be time to face reality, otherwise this year could just become truly ugly. The reality? Well, simply put no one, and I predominantly mean officialdom out of Europe and the US has any clue about how to resolve the issues at hand. Read more
208 Views
2 Likes
0 Comments
Ken Veksler, 23 January 2012

Beware of Greek's bearing gifts

More headlines promising resolution, once again fading into obscurity, as nothing emerges over the weekend. Read more
167 Views
2 Likes
0 Comments
Ken Veksler, 20 January 2012

Will they or won't they, headlines to ruin your weekend by...

The touted short squeeze in EURUSD and associated “risk” pairs that I was talking about in my final posts of 2011 hasn’t been as violent or perhaps volatile as first thought, and yet the net result hasn’t deviated. Read more
323 Views
0 Likes
0 Comments
Ken Veksler, 19 January 2012

This market does not respect you anymore

EURUSD has been well bid for the last 10 hours or so and barely moved during the course of the Asian session. This morning we took out some of the stops above 1.2880 and don’t seem to be done just yet now awaiting the Spanish auction results. Read more
373 Views
2 Likes
0 Comments
Ken Veksler, 18 January 2012

What does a Greek haircut really look like?

Last word on the street was referring to a 68% haircut, and in my mind where there’s 68% there is also 100%, if you get where I’m going with this. Bottom line, we are going to see a default, in fact we’re already there. Read more
435 Views
2 Likes
0 Comments
Ken Veksler, 16 January 2012

S&P downgrades done with, now for the size of the Greek haircut

With the US on holiday today and little data action should be fairly muted, so look for consolidation and reflection. Perhaps only an official version of what the final Greek haircut will be, might be the catalyst for a breakout. Read more
190 Views
1 Likes
0 Comments
Ken Veksler, 13 January 2012

Consolidation in the majors opens the door higher

Moves overnight and daily closes on a few pairs suggest we’re entering a period of consolidation - predominantly USD based. The EURUSD, Cable and AUDUSD are confirming recent ranges and showing signs of upward tests and possible near-term breakouts. Read more
187 Views
0 Likes
0 Comments
Ken Veksler, 12 January 2012

Super Mario will tell it like it is today... perhaps...

ECB President Mario Draghi's comments about the LTRO (the one just been and more importantly the February 29 tranche) will be in focus at the ECB press conference as he attempts no doubt to justify the ever growing Ponzi scheme developing in Europe Read more
225 Views
0 Likes
0 Comments
Ken Veksler, 11 January 2012

Merkel meets Monti, market continues to meander

The Merkozy super dream team meets with Mario Monti and that may draw a little attention. Some Federal Reserve members (two being non-voters) will speak independently of each other with the net result being likely no real change to the USD landscape. Read more
162 Views
0 Likes
0 Comments
Ken Veksler, 10 January 2012

Waiting for a resolution and the starter's pistol

We continue to trade sideways for the most part despite the market's best efforts to find a definitive direction with the EURUSD waiting for the likes of Merkozy to provide something tangible so that it can make its move (in either direction). Read more
194 Views
0 Likes
0 Comments
Ken Veksler, 09 January 2012

Merkozy to meet, while the EUR continues to struggle

Many are interested in the first Merkozy meeting. The real kicker however will be next week when we have our first Euro summit for the new year. Price action overnight was again ugly - the EURUSD hit fresh lows and is still clearly bound lower. Read more
192 Views
0 Likes
0 Comments
Ken Veksler, 06 January 2012

Non Farm Friday Funny's

Most in the market are now looking for a very good print NFP this afternoon. I suggest that surely there needs to be some sort of seasonal adjustment for the December period needing to be taken into account. Either way, the herd mentality remains. Read more
136 Views
0 Likes
0 Comments
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Biography
Ken Veksler is a market professional with over 17 years experience dealing directly in the FX interbank markets. Over the course of his career Ken has worked for various tier one global banks as a market maker and proprietary trader. Ken was also managing director and founding partner of a successful asset management company based in Australia. Most recently, Ken spent 3 years at Saxo Bank in Denmark as a trading advisor and has since returned to the world of asset management working as a portfolio manager.

Ken specializes in the short and medium term trading of predominantly G10 currency pairs and has a trading style focused on relative value.



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