New Zealand
Age 57
Trading strategy
I utilise a combination of technical indicators in conjunction with classical charting and Elliott Wave Analysis and most importantly 31
years of FX Trading experience.
My full Daily FX Trading Service is received by Institutions, Banks, Hedge Funds and Individuals the
world-over. If interested in my FX Trading Service, email me at : max@enterprise.net.nz
Biography
I hold a Master of Commerce (Hons) and have been an FX trading professional since 1985; heading Bank of New Zealand's Technical Analysis Unit from 1985 - 1993 and then setting-up in business on my own in 1993; securing well in excess of 100 Institutional, Bank & Hedge Fund subscribers as well as thousands of Individual subscribers in more than 40 different countries. My Service to Individuals is via Email (max@enterprise.net.nz) whilst to Institutions and Banks my real-time work can be found on the ThomsonReuters global network.

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993 Followers
Write a Squawk to Max McKegg
  • Trade view / Sunday at 22:00 GMT
    Short term

    Anticipating the next advance for USDJPY

    Managing Director / Technical Research Limited
    New Zealand
    The dollar is anticipating a 5th Wave advance. Short-term support for USDJPY is at 113.85/113.50 and short-term resistances at 114.60/115.00 and 115.60. The upside targets are 118.60 and 121.50.
    Read the Trade View
    1d
    Max McKegg Max McKegg
    welcome to request All my trading forecasts for today. My contact details under my Bio
    1d
    AlexF AlexF
    Got in at 113.55 with SL at 113.2 for now
    22h
    MSN28 MSN28
    Max, any changes to the idea? Given that it went lower
  • Squawk / Friday at 21:14 GMT
    Managing Director / Technical Research Limited
    New Zealand
    President Trump’s inauguration speech saw the USD decline, whilst Bonds
    held steady. My Updated US Stockmarket Analysis below – Still Bullish.

    The Trump rally from election day to inauguration was 6% (refer below).
    The greatest rally came in the lead up to the inauguration of Herbert Hoover
    in 1929 (that didn’t turn out to well in the end!)

    Earlier on the White House web site announced a target of 4% annual GDP growth, double its non-inflationary potential, so only attainable with the sugar pill of substantial fiscal stimulus. This would put Trump on a collision course with Fed Chair Yellen who noted in a speech yesterday that fiscal policy could affect “the appropriate policy path”. More background on that here https://www.tradingfloor.com/posts/inflation-update-puts-yellen-on-collision-course-with-trump-8401544

    Neither protagonist wants a higher USD, yet both are setting out on a path to achieve it
    Read the Squawk
    2d
    seas seas
    So I am selling calls on just about everything. Wish me luck!
    2d
    Max McKegg Max McKegg
    Possibly correct Jim. But under your scenario of higher debt and inflation expectations, US bond yields would surely rise at a time when the ECB and BOJ...
    19h
    Morris Morris
    like your wave analysis on dow trans.
  • Article / Thursday at 8:00 GMT

    Morning Markets: Yellen the 'hawk' reinvigorates dollar

    Managing editor, TradingFloor.com / Saxo Bank
    Denmark
    Morning Markets: Yellen the 'hawk' reinvigorates dollar
    It was a welcome return to fundamentals overnight after a puffed-up Janet Yellen signalled an earlier rate rise than expected on the back of a 2.1% rise in inflation in December. The pervasive influence of politics will soon reassert itself nevertheless as we build into Friday's big show in Washington D.C.
    Read the article
  • 5d
    Treve Treve
    excellent article Max!
    5d
    Patto Patto
    Yes, good work. Looks like Trump will have to watch the Fed like a hawk. They could get in his way...
  • 6d
    Treve Treve
    Max very interesting analysis, thanks
    5d
    seas seas
    Looks like we are getting there. 425 would be below the cloud though- not sure if it will get there tonight.
    5d
    seas seas
    I'm in at 840. Good luck all.
  • 6d
    Shamnighty Shamnighty
    Hi Max!

    Thanks for the trade idea! Worked out like a charm!
    6d
    Alex Balus Alex Balus
    Thanks for idea Max. Super accurate hit!
    6d
    Treve Treve
    Max you've Nailed this! great advice
  • Squawk / 13 January 2017 at 21:07 GMT
    Managing Director / Technical Research Limited
    New Zealand
    Friday 13th was no hindrance for the FTSE which closed higher for the 14th day in a row: a record.

    But the US stock market limped into the long weekend with more sideways action: the 1.4% high/low range over the last month is the lowest in history.

    Calm before the storm perhaps........

    Next week’s main event will be the ECB meeting Thursday. Consider the Bloomberg chart below. According to the Taylor rule (where the policy rate should be set relative to developments in inflation, growth etc) the ECB should be 6.2%. Indeed, as the chart shows, pre GFC the policy rate was usually *higher” than that suggested by the rule. Something’s gotta give; the spread can’t keep rising.

    Meanwhile EURUSD and USDJPY remain under the spell of rate differentials https://www.tradingfloor.com/posts/record-shorts-in-bond-market-stall-usd-rally-8384222?int_cmpid=TF_email_trader_i_follow_posts_article
    Read the Squawk
    15 January
    seas seas
    So the ECB should give some rate guidance Thursday. Would they go ahead a raise without warning? It looks as though some of a raise has already...
    15 January
    Max McKegg Max McKegg
    The ECB has left itself plenty of room to manoeuvre by saying the asset purchases will stay in place until December or beyond if necessary but “in...
  • Trade view / 12 January 2017 at 1:05 GMT
    Medium term

    Anticipating the next opportunity for USDCHF

    Managing Director / Technical Research Limited
    New Zealand
    The US dollar’s correction is in its final stages. From an Elliott Wave perspective, USDCHF is still interpreted to be undergoing a complex corrective structure from its mid-December peak of 1.0345. Support is at 1.0025/1.0000 with the upside target at 1.0600.
    Read the Trade View
    6d
    Alex Balus Alex Balus
    Hi Max ! Isn`t it now the time to try this trade? What is your opinion on last USD correction?
    6d
    Max McKegg Max McKegg
    welcome to contact me for my daily trading forecasts re USD
  • Article / 11 January 2017 at 23:11 GMT

    Record shorts in bond market stall USD rally

    Managing Director / Technical Research Limited
    New Zealand
    Record shorts in bond market stall USD rally
    Donald Trump’s press conference ended up being much ado about nothing. A quiet data period is ahead but by next Wednesday’s US inflation update some of the record shorts in Treasuries may have been cleared, allowing the bond market to return to centre stage.
    Read the article
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