Forum on trading, automated trading systems and testing trading strategies
newdigital, 2014.09.12 08:04
Technical Analysis: AUDUSD & NZDUSD trade similarly for different reasons
The NZDUSD made new lows on the back of comments from RBNZ’s Wheeler who said that the currency was overvalued and that rates would stay on hold until 1Q of 2015. Meanwhile in Australia, the AUDUSD made it’s new move lows despite much stronger employment statistics that had the market questioning the seasonals.
newdigital, 2014.09.17 11:37
Trading the News: Federal Open Market Committee (FOMC) Interest Rate Decision (based on dailyfx article)
The Federal Open Market Committee (FOMC) interest rate decision may spur
a bearish reaction in the dollar (bullish EUR/USD) if the central bank
remains reluctant to move away from the zero-interest rate policy
What’s Expected:Why Is This Event Important:
Even though the Fed is widely expected to conclude its asset-purchase
program at the October 29 meeting, we would need a more hawkish twist to
the forward-guidance for monetary policy to favor further USD strength.
The dollar may come under pressure should we get more of the same from
the Fed, and the greenback may face a larger correction over the
remainder of the month should Chair Janet Yellen see greater scope to
retain the highly accommodative policy stance for an extended period of
time.Nevertheless, sticky inflation paired with the uptick in wage growth may
spur a greater dissent within the committee and push the FOMC to lay
out a more detailed exit strategy as the central bank looks to move away
from its easing cycle.
How To Trade This Event Risk
Bearish USD Trade: FOMC Remains Reluctant to Normalize Monetary Policy
newdigital, 2014.09.18 10:56
EUR/USD Vulnerable to Hawkish Fed- Outlook May Hinge on T-LTRO (based on dailyfx yotube channel)
The EUR/USD may look beyond the FOMC policy meeting to break out of the rate as the ECB implements the targeted long-term refinancing operation (T-LTRO).=============2014-09-18 09:15 GMT (or 11:15 MQ MT5 time) | [EUR - Targeted LTRO]
[EUR - Targeted LTRO] = Total value of money the ECB will create and use to loan to Eurozone banks. It provides liquidity to banks which usually leads to lower long-term interest rates and stimulates growth.
LTRO = Long Term Refinancing Option
newdigital, 2014.09.20 06:12
Video: Dollar, S&P 500 and Volatility Trends
FX traders have traded through
a mine field of fundamental event risk. After the FOMC meet, Scotland
'No' vote and ECB stimulus injection; what trends prevail? Are there new
bearings or are their lasting currents that are set to retake the reins
moving forward? In this weekend Trading Video, we gauge the impact of
this past week's fundamental developments and discuss how it can shape
the currency and capital markets moving forward.
Introduction to the
Central Bank Gold Agreement
This video explores the Central Bank Gold Agreement, and its role in current
international monetary policy.
newdigital, 2014.09.24 17:23
Silver Breakdown Hints at USD Turning Point; EUR/USD, USD/CAD Not Done (based on dailyfx article)
During August and early-September, the rise of US Treasury yields neatly
coincided with an already-bullish landscape for the US Dollar, proving
to be further fuel to the fire. Yet over the past two weeks, the
greenback has persisted as a top performer while long-end US yields have
come back in after their brief jump. See the brief video above for what the technical breakdown in Silver
means for the majors such as EURUSD and USDCAD over the coming days.
Traders: Millions By The Minute - Season 1 - Episode 1
Traders: Millions By The Minute takes a look at the fast and fiercely
competitive world of financial traders and talks to the men and women who play
the markets in London, New York, Chicago and Amsterdam.
Manhattan hedge fund manager Karen believes that money is power, and
making it is fun, as she juggles two sets of twins, a busy social
calendar and her $200 million fund.
Bob has spent more than three decades yelling out his trades and
jostling for position on Chicago’s cattle futures trading floor, but now
he thinks it may be time wean himself off his “trading addiction”.
London day traders Will and Piers use their expertise to train others
in the art of making money from tiny moves in the markets. But they
warn their new trainees it’s going to be far harder to master the
psychological and emotional skills needed for trading than the
Traders: Millions By The Minute - Season 1 - Episode 2This is really great movie - it is about British men and women who play financial markets from
their kitchens and bedrooms. Mother-of-three Jane squeezes
currency trading in-between the school run and her work as a nurse, and
is hoping to raise capital by selling her 10 Bengal kittens. Justyn and
Akil are both convinced that trading will be their ticket to a lavish
lifestyle, and Rene gave up a successful career as an antiques dealer
for a new existence as a trader.
Something Interesting in Financial Video May 2014
newdigital, 2014.04.28 19:36
John Bollinger Webinar on Bollinger Bands® and Japanese Candlesticks In this hour long webinar John Bollinger teaches the basics of Bollinger
Bands and then discusses candlestick charts and how Bollinger Bands can
be combined with Japanese candlesticks to provide more powerful