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6 Followers
Write a Squawk to 7010306a#
  • 05 July
    7010306a# 7010306a#
    When there's a mention how NQ is broken, solid short squeeze follows up.
  • 29 June
    Peter Garnry Peter Garnry
    It only took a statement from ECB reversing on Draghi's comments to get a sizable rebound. Let's see how things evolve over the next two session...
    09 July
    Arvydas Dabulskis Arvydas Dabulskis
    Does it still looks promising?
    13 July
    Arvydas Dabulskis Arvydas Dabulskis
    what the situation?
  • Article / 19 June 2017 at 13:59 GMT

    Navigating the market this summer

    Head of Macro Analysis / Saxo Bank
    France
    Navigating the market this summer
    Political risk was the main driver of financial markets in 2016, but prospects are looking brighter in 2017. A new narrative has emerged, based on positive growth momentum in the Eurozone and a credit cycle slowdown in the US and China. Here are some of the main things to look out for in the months ahead.
    Read the article
    19 June
    7010306a# 7010306a#
    At the end of the day, Draghi's going to be a star.
    19 June
    Dembik Christopher Dembik Christopher
    He really has done a fine job...Imagine if Trichet would still be at the head of the ECB...
  • Article / 14 June 2017 at 13:30 GMT

    UK at the back of the Chinese trade deal queue

    Managing Director / Asia-analytica Research
    China
    UK at the back of the Chinese trade deal queue
    Britain is now a partner of doubtful value to China. Not only has it lost its status as gateway to the huge EU market, its government is now hampered by a loss of mandate. On any free trade deals going with China, Britain will find itself at the back of the queue.
    Read the article
    16 June
    Pauline Loong Pauline Loong
    From far away Asia, what we can't understand is how the Tories could have made such a mess-up. A soft Brexit would have been hard enough to...
    17 June
    Cesime Cesime
    Not so sure about some comments in here, I remember when the UK pulled out of the ERM, everybody and his dog were calling for the demise...
    19 June
    Pauline Loong Pauline Loong
    I suppose it all depends on the time frame. I have tended to take very short-term views of financial markets - especially currency markets - since...
  • 07 June
    Edmund Liu Edmund Liu
    Hi Morris, you can actually chart the correlations on the Saxo charts : ) See attached for EURUSD versus DAX, you can see that the 10 day...
    07 June
    7010306a# 7010306a#
    Dax can't correct, certainly not before election. Plunge protection team (German Pensioners) always ready to BUY/INTERVENE + Whatever it takes and so on. Also only my humble...
    07 June
    Morris Morris
    Ed I am actually referring to some kind of cause and effect. But give it some thought?
  • Squawk / 02 June 2017 at 12:38 GMT
    Head of FX Strategy / Saxo Bank
    Denmark
    US May Jobs report was an ugly one: this one was ugly virtually across the board, as the payrolls change headline (+136k vs. +182k expected) combined with net revisions (-66k) mean a more than -100k miss to overall expectations and and the average hourly earnings limped lower, matching recent lows at +2.5% year-on-year. All around uninspiring and though it may not affect whether the Fed hikes at the June 14 FOMC meeting, they will have to sound very flexible on their guidance.

    Even the drop in the unemployment rate to 4.3% was on the bad news that the participation rate dropped -0.2% to 62.7%, the lowest in five months.

    For confirmation that the US dollar may weaken further on this, we are watching US yields as the low for the cycle in the 10-year comes into view around 2.16%. A drop below here could see USDJPY in particular challenging lower, especially if this is accompanied by a bit of risk off in equity markets.
    Read the Squawk
    02 June
    AlexF AlexF
    Sorry he went short gold ! lol thus my question !
    02 June
    djustoe djustoe
    So how is the street justifying the equity rally despite the poor data ?
    02 June
    7010306a# 7010306a#
    S.Bannon's put.
  • Squawk / 05 May 2017 at 21:43 GMT
    Managing Director / Technical Research Limited
    New Zealand
    The S&P 500 closed at a record high, just above 2400, after a positive US employment report.

    However, it wasn’t good enough to boost USD or raise yields in the bond market.

    Perhaps that’s because the average hourly earnings number came in below expectations at 2.5% (see chart)

    There weren’t enough positive “surprises” in today’s data to close the big gap between the Citi economic surprises index and the S&P 500 but, as the chart below shows, that can narrow quickly.

    The Aussie dollar remains under pressure as the iron ore price declines again (see chart)
    Read the Squawk
    05 May
    Jim Earls Jim Earls
    2399.29?
    05 May
    7010306a# 7010306a#
    Sir, I respect you, your skills, knowledge and so on, good professional...but hypocrisy isn't a value.
    07 May
    Patto Patto
    I don't think it is "hypocrisy" but Jim Earls is correct that the S&P 500 did slip in the last minutes of trading to finish just under...
  • Article / 22 June 2016 at 13:00 GMT

    Are we trading the obvious?

    Hypothesis Testing
    United Kingdom
    Are we trading the obvious?
    Economic data releases push markets in various manners. Clearly, we never trade before an announcement as it is safer once you have evidence of the data release and effect(s) but what else can we expect from such a simplistic trade strategy?
    Read the article
    16 December
    Rogan Rogan
    Hi fxtime a quick question...., does the determination of market skew that you mention in this article https://www.tradingfloor.com/posts/what-should-your-trading-day-look-like-7876999
    relate to the above strategy of comparing the...
    16 December
    fxtime fxtime
    Rogan I am finally back home so sorry for the late response. I have described a carry trade and a spread trade using near and far futures...
    16 December
    Rogan Rogan
    Thx for the reply
  • Squawk / 03 May 2016 at 16:34 GMT
    Hypothesis Testing
    United Kingdom
    Update on a prior strategy.
    This time for FX pairings and I have opted to give the lowest profitable result which happens to be the cable.
    Overall 610pips is the NET profit so say you traded a basic £10pp you would now be £6100 in profit. Remember the data assumes you only take the bare minimum of targetted points suggested where as a simple strategy of halving your trade and tightening the stop to b/e would have earned you far more.
    https://www.tradingfloor.com/posts/trading-a-break-in-highly-liquid-markets-7085684
    Read the Squawk
    1y
    thewickedwiz thewickedwiz
    Interesting point , I had thought that possible 1.17 ,BNP had been bullish on Euro quite low, they took it out at 1.16 .Ranges can be taken...
    1y
    fxtime fxtime
    I am no where near my home base systems but will email the two scenarios (charts) I am looking for. Enjoy the Northern climes :-)
    As we both...
    1y
    thewickedwiz thewickedwiz
    thanks
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