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10 Followers
Write a Squawk to Patto
  • Article / Yesterday at 23:29 GMT

    Survival guide for successful FX traders

    Managing Director / Technical Research Limited
    New Zealand
    Survival guide for successful FX traders
    There are a number of key factors that separate successful traders from the unsuccessful ones. These include having discipline and patience, an understanding of risk and money management and adequate capitalisation.
    Read the article
    2h
    seas seas
    Excellent article and advice. Thank You Max. I plead guilty on all counts.
    2h
    Max McKegg Max McKegg
    Lessons for us All every day!
    2h
    Treve Treve
    Wise words indeed Max
  • 3d
    Juhani Huopainen Juhani Huopainen
    A new magazine was launched in 2000 (many things were launched in 2000, but most of them didn't last). A friend of mine wrote an article on...
    3d
    Q Q
    Just want to point out Juhani, that bitcoin transactions are traceable. This is one of the fundamental aspects of the bitcoin blockchain; it's a public ledger.
    2d
    Juhani Huopainen Juhani Huopainen
    But as long as the user manages to remain anonymous, also the transaction will remain anonymous.

    And yes, I don't know almost anything about the topic.
  • 5d
    Fashionapolis Fashionapolis
    But dont u think the fomc minutes may crush n usd rebound?
    5d
    Fashionapolis Fashionapolis
    i agree today usd is still a sell... tmr may still be until near fomc minutes.
    5d
    Fashionapolis Fashionapolis
    the fed fund rate still projects a high probability of june rate hike...
  • Squawk / 19 May 2017 at 21:26 GMT
    Managing Director / Technical Research Limited
    New Zealand
    US stocks ended the week on a positive note with the S&P 500 up 0.70% by the close of trading Friday.

    Bonds were flat.

    USD remains under pressure. As shown in the chart below there is a close correlation between President Trump’s approval rating and the USD index. The White House will be hoping his overseas trip produces some positive headlines. It should: Americans like nothing more than their President strutting his stuff on the world stage.

    The probability of a rate hike on June 14 continues to rise off its low earlier in the week, reaching 78% today. See here for an explanation of how the calculation works https://www.tradingfloor.com/posts/us-10-year-bond-calls-the-shots-on-eurusd-and-usdjpy-8667831

    However, as shown in the chart below, the forward curve is still well below the Fed’s March projections.

    EURUSD continues to rally as the US versus Germany yield spread narrows. See chart below.
    Read the Squawk
    6d
    Morris Morris
    Max look how the interest rate differential is in sink with Eur/Usd exchange? What is your prediction going forward and the implication to markets going forward? Veri...
    6d
    Max McKegg Max McKegg
    Welcome to request my latest Full Trading Forecasts
    5d
    Morris Morris
    Thanks
  • Article / 18 May 2017 at 1:08 GMT

    US 10-year bond calls the shots on EURUSD and USDJPY

    Managing Director / Technical Research Limited
    New Zealand
    US 10-year bond calls the shots on EURUSD and USDJPY
    The 10-year US Treasury bond has become the prime mover behind EURUSD and USDJPY. In turn, the bond market is taking its cue from expectations of Federal Reserve policy rate moves. In this article, a simple method of calculating the probability of such moves is shown.
    Read the article
    18 May
    Patto Patto
    Good work Max, I'm sure many traders are confused about these "rate hike probability" headlines we see in the media (especially when they say it is "100%")....
    21 May
    MHoneygram MHoneygram
    Nice homework :-)
    21 May
    MHoneygram MHoneygram
    CME Group figure
  • 18 May
    marran marran
    stopped out again
    18 May
    Blange Blange
    Appetite for safe haven JPY is too strong!
    4d
    seas seas
    I hope some of you got back in for some upside! Not me but looking for a little pullback.
  • 16 May
    Morris Morris
    I am still looking for a break above 1.112 to confirm the long term uptrend. Lets watch candles and indicators with interest!
    16 May
    seas seas
    Oopps! Stopped out.
    17 May
    Morris Morris
    1.112 tested on 15min and we see bearish candles!!!
  • Squawk / 12 May 2017 at 21:21 GMT
    Managing Director / Technical Research Limited
    New Zealand
    Friday’s economic data out of the US came in below expectations.

    The core Consumer Price Index slipped back under 2%; not something the Fed will be happy with (see chart below)

    Retail sales numbers also came in under forecast.

    The stock market didn’t react much but USD declined as the odds of a June rate hike fell back under 80%. The biggest impact was on the bond market where yields declined across the board (see chart). The yield on the 30-year Treasury bond slipped below 3% again.

    On the That’s Incredible !! front, the box below shows the best investment returns since 2010

    (Yes, that’s right, a $10000 buy has turned into a $200 million bonanza for those who saw it coming)
    Read the Squawk
    13 May
    Max McKegg Max McKegg
    Probably not
    13 May
    Patto Patto
    I would have thought a (mainly) sentiment driven market like BTCUSD would be ideal for elliott wave analysis Max ?
    15 May
    Jim Earls Jim Earls
    Correct-Is it possible there is even a buyer for $200 Million BTC?
  • 11 May
    Patto Patto
    It is far from "clear that the RBNZ wants to keep a lid on the kiwi". In fact this Statement was the first in 5 years that...
    16 May
    fredajerusha fredajerusha
    This comment has been redacted
  • Trade view / 11 May 2017 at 5:18 GMT
    Short term
    /
    Buy

    USDCHF surfs the bullish wave

    Managing Director / Technical Research Limited
    New Zealand
    The US dollar has rallied very nicely this week and in addition to its bullish wave structure has just completed a four-month Inverse Head and Shoulders reversal. Support for USDCHF is around the 1.0045 level with an upside objective of 1.0370.
    Read the Trade View
    11 May
    Treve Treve
    excellent Call on the USD this week Max. Appreciated!
    12 May
    Blange Blange
    Can't say the same of this... Just hit the stop
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