- Trade views
- Must reads
Article / 02 September 2016 at 1:14 GMTFor 31 years I have earned my living as a forex professional. This is what a typical trading day looks like.Read the article
Squawk / 22 July 2016 at 2:03 GMTWilliam Gann: An Accurate Market Forecaster
What You Need to Know:
What you need to know about Williams was revealed by Justin Kuepper (Source: Trade2win.com) in his article of March 18, 2016. These are adapted excerpts from Justin’s article.
3. Did he produce any results? In 1908, William discovered what he called the "market time factor," which made him one of the pioneers of technical analysis. To test his new strategy, he opened one account with $300 and one with $150. It turned out to be wildly successful: William was able to make $25,000 profit with his $300 account in only three months; meanwhile, he made $12,000 profit with his $150 account in only 30 days! After his results were verified, he became famous on Wall Street as one of the best forecasters of all time.
What Super Traders Don’t Want You to Know: http://www.advfnbooks.com/books/supertraders/index.html
Calendar event / 12 July 2016 at 9:59 GMT
IT UniCredit Group - OrdpreviousforecastactualMed New UniCredit Chief Exec
Squawk / 05 June 2016 at 6:57 GMTWeekly Trading Forecasts on Major Pairs (June 6 - 10, 2016)
Dominant bias: Bullish
This pair moved sideways from Monday to Friday, in the context of a downtrend. The downtrend was forcefully overturned as the pair shot skywards by 220 pips on Friday, closing at 1.1365 on the same day. The bias has turned bullish, but there is a great challenge for bulls this week. While the pair could go further north, there would be a serious bearish correction when USD gains stamina versus EUR. The outlook on EUR is bearish for this month. EUR could be become weak versus other currencies – and USD is no exception.
Dominant bias: Bearish
USDCHF tested the resistance level at 0.9950 several times last week, but it could not stay above it (let alone reaching the resistance level at 1.0000, which is a parity area). Price consolidated till Friday and then broke downwards, almost reaching the support level at 0.9750.
Article / 29 March 2016 at 0:44 GMT
The Macro Take: Sitting on the sidelines...for nowIt’s an on the sidelines week - one to catch up on research, dig into some numbers, think and strategise. It's a time to rethink everything, because if there is one thing we’ve seen from these markets, its that everything is possibleRead the article
Editor’s Picks / 19 February 2016 at 12:48 GMT
Illiquidity may be key to predicting recessionsBloomberg ViewBear markets are not a reliable predictor of recessions, but liquidity — or especially illiquidity — might be, says Bloomberg View contributor Stephen Mihm. Citing a 2010 paper by three Norwegian economists, Mihm says "market liquidity" might be the key way to look at stock market behaviour as a harbinger of things to come. In an illiquid market, trades tend to distort the price because the market doesn’t have the same depth and breadth on both sides of the trade, Mihm says. Examining 1947-2008 data, the researchers found that market liquidity was a particularly strong and robust predictor of real GDP growth, unemployment and investment growth, Mihm says. "Conversely, rising levels of illiquidity consistently signaled that a recession was on the horizon. There were a few false alarms, but in general the evidence is rather striking." Illiquidity may be a symptom of a “flight to quality” symptomatic of growing pessimism about the direction of the economy, Mihm says.Read article on Bloomberg View
Editor’s Picks / 28 December 2015 at 6:04 GMT
Why big oil should face reality and kill itself offNikkei Asian ReviewThe managements of leading energy companies must face reality and abandon their wasteful obsession with finding new oil. For Western oil companies, the rational strategy is to stop exploring and seek profits by providing equipment, geological knowhow and technologies such as fracking to oil-producer countries. Their goal should be to sell their oil reserves and distribute a tsunami of cash to shareholders until their oilfields run dry. That is the self-liquidation strategy that tobacco companies used to benefit shareholders. If oil managements refuse to put themselves out of business in the same way, activist shareholders or corporate raiders could do it for them.Read article on Nikkei Asian Review
Squawk / 12 December 2015 at 7:59 GMTWeekly Trading Forecasts on Major Pairs (December 14 - 18, 2015)
Dominant bias: Bullish
EURUSD has been able to maintain the bullish breakout it performed on December 3, 2015. Last week, price moved further upwards by 170 pips, closing above the support line at 1.0950. There are resistance lines at 1.1000 and 1.1050, which could be tested as the bullish journey continues. However, there is a strong possibility that EURUSD would experience a vivid pullback this week or next week.
Dominant bias: Bearish
Since November 30, 2015, this pair has trended downwards by almost 500 pips. The bias is bearish, and it would be difficult for the pair to trend seriously upwards now (in spite of the fact that USD could be strengthened against some other currencies), due to the stamina in the Euro and the possibility of the Swiss Franc amassing strength.
Editor’s Picks / 03 December 2015 at 0:26 GMT
Forget analysts, let robots reveal central bank intentionsNikkei Asian ReviewAttempts at using artificial intelligence to reveal monetary policymaking raise intriguing possibilities at a time when markets are keen to know what central bankers will do next. The electronic brain in the Nomura AI index uses deep learning, a form of AI, to find patterns that no human can. It learns as it goes, boosting its predictive ability to the point where, in theory, it gains insights into hidden policymaker intentions. A test came in October, when the BoJ held a meeting that economists had forecast would yield an expansion of monetary easing. The Nomura AI index showed an improvement in economic sentiment at the bank, hinting that no new monetary stimulus was in order. This view proved spot on.Read article on Nikkei Asian Review
Editor’s Picks / 28 October 2015 at 22:38 GMT
Wealthy Asians to amass $14.5tn by 2020, mainly in ChinaSouth China Morning PostRich mainlanders will own more assets than all the wealthy in the rest of Asia combined in 2020, analysts predict, even though GDP growth is predicted to slow. A report by Swiss banking group Julius Baer says the assets of Asia’s high-net-worth individuals could grow to $14.5 trillion by 2020. “We are very confident about the growth prospects in general in Asia, in particular China and India,” Julius Baer Asia-Pacific region head Thomas Meier says. The value of Asia’s high-net-worth individual wealth has either shrunk or stayed stable across most of the region this year as currencies collapsed against the dollar.Read article on South China Morning Post