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Week ending 21 November 2008. Global stock markets have suffered losses of USD16T since the collapse of Lehman Brothers and crude oil fell beneath USD50 per barrel as investors continue to flee risky assets and unwind carry trades. In a week marked by currency consolidation, fear remains the paramount driver, with VIX touching 89, recovering [...]
Reasons to keep a 200-MA on all your charts One of the most useful and most often overlooked indicators for forex trading is the 200-period simple moving average. Here are three reasons to keep one active on your charts while analysing or trading: 1. Trend at a glance. The 200-MA makes the long-term trend obvious [...]
A potential intensification of the financial crisis is looming above the Eurozone, one which can be best summed up by the single word globalisation. A recent article in the U.K. Telegraph, written by Ambrose Evans-Pritchard (http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/3260052/Europe-on-the-brink-of-currency-crisis-meltdown.html), and another in the online forex traders’ journal Currency Trader, by Barbara Rockefeller, discuss how multiple major European banks [...]
Week ending 14 November 2008: As credit markets continue thawing, stimulus packages are unveiled around the world. Leaders from the G20 nations meet this weekend to discuss increasing transparency and stability in global financial markets. The November Westpac-MI consumer sentiment index rose to 85.5 although economic pessimists still outnumber optimists by 14.5 index points. September [...]
Week ending 7 November 2008: U.S. stock markets greeted their new president-elect with the largest two-day drop since 1987. Rate-cut fever hit Switzerland (50bps), Denmark (50bps), and Czechoslovakia (75bps) and the LIBOR fell to 2.29% by week’s end in a forex trading market that remained generally rangebound, with currency pairs seeking a new balance in [...]
State of Trading 4 November 2008: National economies around the world have been hit hard by the credit crunch. As these financial markets thaw, with risk acceptance returning to the forex trading market, and as currencies resume answering to economic fundamentals rather than fear and greed, here are some trading perspectives to consider. According to [...]
Week ending 31 October 2008 Halloween can hold no terrors for survivors of October 2008. Credit markets continued to thaw, while equities and other markets emerge from arguably the worst month in financial history. Central banks around the world continue slashing rates as the global slowdown intensifies, with only forex trading remaining potentially profitable. The [...]
In July 2007, when the subprime mortgage crisis first hit, EUR/GBP traded within a long-term (dating back to 2003) consolidation between 0.6530 and 0.7020, most recently narrowing to 0.6675 and 0.6870. The first push of the Euro higher, between August and the end of October 2007, on the chart merely appeared to be an extension [...]
