United Kingdom
Trading strategy
Asset management is carried out through a range of markets that includes currency, financial indices and commodities.

Medium-term 'n long-term trend following with min. one-week holding period.
Biography
FxCox  is an independent financial blog created by a portfolio manager active in financial markets  with office based in the London Financial District.
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  • Squawk / 20 November 2017 at 8:38 GMT
    FxCox™ Portfolio Management
    United Kingdom
    Nov. 20, 2017 Morning Market Summary

    Chancellor Merkel remains a caretaker chancellor and will meet with the German president to decide what to do next. It is a good thing that politicians do not matter that much, economically.
    German domestic political uncertainty is unlikely to seriously impact the economy in the near term. However, the uncertainty is likely to diminish German leadership with Europe (perhaps giving greater emphasis to French leadership). This may have a bearing on UK-EU EU-UK divorce proceedings.

    There is an infestation of ECB speakers today, including ECB President Draghi amongst the crowd. The remarks are probably not that significant. There is little uncertainty about the near-term policy direction, and it is too soon to expect intelligent comments on longer-term plans.
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    2y
    FxCox FxCox
    In the US, negotiations over the NAFTA trade deal continue. US exporters have already been put at a relative disadvantage by the US withdrawal from TPP (as...
  • Squawk / 12 November 2017 at 4:06 GMT
    FxCox™ Portfolio Management
    United Kingdom
    Friendly Sunday All.
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  • Squawk / 06 November 2017 at 5:56 GMT
    FxCox™ Portfolio Management
    United Kingdom
    Markets in Detail Nov. 6 2017
    #FX: 

    AUD/USD failed to close above it’s 200 day moving average (0.7698) so there is a little downside risk to the currency this week. Particularly so if the RBA tomorrow shy away from any hawkish chat.

    EUR/USD rose to weekly high 1.1690 in the minutes after the jobs report amid broad USD selling. EUR gains were stymied by offers ahead of 1.1700 that have been in place for much of the week, some of which were tied to options that expired today. 

    USD/JPY rebounded to a fresh daily high at 114.43 in recent trading, erasing its drop to 113.64 after the jobs report, near Thursday’s low reached after tax reform details were released. 

    GBP/USD reversed an early drop to trade as high as 1.3132 before paring gains, halting a steep slide that began after the Bank of England raised rates Thursday while signaling that future rate hikes may be a long way off.
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  • Squawk / 03 November 2017 at 5:51 GMT
    FxCox™ Portfolio Management
    United Kingdom
    Equities:
    The S&P 500 rose less than one point at 4 p.m. in New York.
    An S&P index of homebuilders sank 2.6 percent, the most since September 2016. Home Depot Inc. lost 1.6 percent.
    The Nasdaq 100 Index lost 0.2 percent as Facebook Inc. lost 2.1 percent.
    The Stoxx Europe 600 Index decreased 0.7 percent, the first retreat in more than a week.
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  • Squawk / 03 November 2017 at 5:50 GMT
    FxCox™ Portfolio Management
    United Kingdom
    #FX:

    AUD/USD stay unchangd,trading at around 0.7715.NZD/USD jumps as much as 0.60% to 0.6913.

    The Bloomberg Dollar Spot Index fell 0.3 percent to 1,181.30. 

    The euro climbed 0.3 percent to $1.1651, the strongest in more than a week. 

    The British pound decreased 1 percent to $1.311, the weakest in almost four weeks on the biggest tumble in almost 21 weeks, after the Bank of England indicated its first rate hike in a decade might be the last for a while.

    The Japanese yen was unchanged at 114.18 per dollar, the strongest in about six months.
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  • Squawk / 03 November 2017 at 5:49 GMT
    FxCox™ Portfolio Management
    United Kingdom
    Data out Today Nov.,3,2017

    CH: Caixin China PMI Services
    CH: Caixin China PMI Composite

    UK: Markit/IPS UK Services PMI

    CA: Net Change In Employment

    US: Change in Nonfarm Payrlls
    US: Unemployment Rate
    US: Trade balance
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  • Squawk / 03 November 2017 at 5:47 GMT
    FxCox™ Portfolio Management
    United Kingdom
    Oil closed at the highest level in more than two years as OPEC’s two biggest members publicly endorsed an extension of production caps that have eroded a worldwide glut.

    Futures rose by 0.4 percent in New York to the highest settlement since July 2015.

    Oil chiefs from Saudi Arabia and Iraq expressed confidence the historic accord between OPEC and other major crude suppliers that has trimmed stockpiles will be extended beyond its March expiration.

    Saudi Arabia and Iraq together account for almost half of the barrels OPEC produces.
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  • Squawk / 03 November 2017 at 5:45 GMT
    FxCox™ Portfolio Management
    United Kingdom
    The pound slumped as the Bank of England raised interest rates for the first time in a decade and signaled that another increase isn’t imminent.
    Sterling fell for a second day against the dollar, 10-year gilts rallied and the FTSE-100 Index extended its gains.
    The BOE’s Monetary Policy Committee voted 7-2 to raise the bank rate by 25 basis points to 0.50 percent, in line with economists’ expectations ahead of the decision.
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  • Squawk / 02 November 2017 at 10:54 GMT
    FxCox™ Portfolio Management
    United Kingdom
    Consolidation Time.

    #EURUSD is consolidating higher after setting a new hourly support at 1.1575 (27/10/2017 low). Hourly resistance is located at 1.1658 (30/10/2017 high). Expected to show some shortterm consolidation.

    In the longer term, the momentum is now turning largely positive.
    I favour a continued bullish bias. Key resistance is holding at 1.2252 (25/12/2014 high) while strong support lies at 1.0341 (03/01/2017 low).
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  • Squawk / 30 October 2017 at 5:36 GMT
    FxCox™ Portfolio Management
    United Kingdom
    With the ECB unlikely to raise rates this year eyes now turn to the US Federal Reserve who meet on Tues and Wed where policy makers are expected to remain on its path of rate hikes although expected to leave rates unchanged at this Oct meeting
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