forex Archive

  • The $5.3-trillion currency market is getting harder for traders to make money in as price changes that once took months or weeks now happen more quickly, says Hugh Killen, Westpac Banking Corp.’s head of trading for foreign exchange, fixed income and commodities.

    It’s Getting Harder for Currency Traders to Make Money, Market Veteran Says

    The $5.3-trillion currency market is getting harder for traders to make money in as price changes that once took months or weeks now happen more quickly, says Hugh Killen, Westpac Banking Corp.’s head of trading for foreign exchange, fixed income and commodities.

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  • Foreign-exchange trading in the U.K. and North America dropped by more than 20 percent in October from a year earlier, reports from the nations’ central banks show.

    Currency Trading Shrinks More Than 20% in U.K., American Markets

    Foreign-exchange trading in the U.K. and North America dropped by more than 20 percent in October from a year earlier, reports from the nations’ central banks show.

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  • China's foreign exchange regulator said on Saturday it will ramp up risk control efforts, push ahead with regulatory reforms and look to accelerate the development of the country's foreign exchange market in 2016.

    China forex regulator says will ramp up risk control efforts

    China's foreign exchange regulator said on Saturday it will ramp up risk control efforts, push ahead with regulatory reforms and look to accelerate the development of the country's foreign exchange market in 2016.

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  • China has suspended FOREX business at three main foreign banks for the first quarter of 2016 in an effort to curb the outflow of capital into the rising dollar. This is an interesting attempt to curb the rise in the dollar and it is clearly showing the overall trend in motion.

    China Shuts Down FOREX at Foreign Banks to Try to Stop Dollar Rise

    China has suspended FOREX business at three main foreign banks for the first quarter of 2016 in an effort to curb the outflow of capital into the rising dollar. This is an interesting attempt to curb the rise in the dollar and it is clearly showing the overall trend in motion.

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  • The yen’s fate in 2015 hinges on what happens this week: whether it has a record fourth annual decline, or is this year’s best-performing major currency. With just four days left, Japan’s currency has slipped 0.5 percent versus the dollar this year. That makes it the second-best performer among 16 major currencies against the greenback, behind the top-ranked Swiss franc which has strengthened 0.8 percent.

    This Week Is Decider for Yen: Fourth Annual Loss or Top Currency

    The yen’s fate in 2015 hinges on what happens this week: whether it has a record fourth annual decline, or is this year’s best-performing major currency. With just four days left, Japan’s currency has slipped 0.5 percent versus the dollar this year. That makes it the second-best performer among 16 major currencies against the greenback, behind the top-ranked Swiss franc which has strengthened 0.8 percent.

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  • That doesn't always happen, of course, but after completing the sacrificial trade, your emotions cool, allowing you to make a more rational decision about what to do with the rest of the position. You may decide to sell it, too, and that's fine. You may decide to hold on to see if others have thrown in the towel. Once their selling pressure abates, buying demand should push the stock back up, allowing you to narrow the loss or turn a losing position into a profitable one.

    The Sacrificial Trade

    That doesn't always happen, of course, but after completing the sacrificial trade, your emotions cool, allowing you to make a more rational decision about what to do with the rest of the position. You may decide to sell it, too, and that's fine. You may decide to hold on to see if others have thrown in the towel. Once their selling pressure abates, buying demand should push the stock back up, allowing you to narrow the loss or turn a losing position into a profitable one.

    Continue Reading...

  • FXStreet has named Martin Armstrong the Forex Person of the Year for his 2015 forecasts on currencies. Quoting from an interview: “We will see the same crisis hit the Swiss franc peg to the euro. Devaluations take place BECAUSE currencies must be fluid.”

    Armstrong Named Forex Person of the Year

    FXStreet has named Martin Armstrong the Forex Person of the Year for his 2015 forecasts on currencies. Quoting from an interview: “We will see the same crisis hit the Swiss franc peg to the euro. Devaluations take place BECAUSE currencies must be fluid.”

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  • They told people to borrow in Swiss francs for mortgages and did not tell them about Forex risk. They literally gutted the mortgage market so much so that when the Swiss peg broke, it became a political issue in Poland. Mortgages sold by the bankers to the public in Swiss francs have caused massive losses and the courts are, of course, supporting the bankers against the people. This is not a good result politically; we will see the people turn more politically active in Poland.

    2015.75 ECM Turning Point in Poland

    They told people to borrow in Swiss francs for mortgages and did not tell them about Forex risk. They literally gutted the mortgage market so much so that when the Swiss peg broke, it became a political issue in Poland. Mortgages sold by the bankers to the public in Swiss francs have caused massive losses and the courts are, of course, supporting the bankers against the people. This is not a good result politically; we will see the people turn more politically active in Poland.

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  • I engaged in some self-reflection and responded, that I could do the job only because I did not think about how much money that was in the real world – it was all just phone numbers to me. I could handle size because I knew the depth of the market and how to accomplish what needed to be done. But I never thought about the scope of what I was doing in terms of one’s personal life. I could be called into a portfolio that was $1 trillion+ or $100 million and deal quickly to resolve the crisis without thinking about how much money it really was in purchasing power. I replied, “I just did not think about the consequences of what I was doing – I just did the job.”

    You Can Do Anything If You Do Not Think of the Consequences

    I engaged in some self-reflection and responded, that I could do the job only because I did not think about how much money that was in the real world – it was all just phone numbers to me. I could handle size because I knew the depth of the market and how to accomplish what needed to be done. But I never thought about the scope of what I was doing in terms of one’s personal life. I could be called into a portfolio that was $1 trillion+ or $100 million and deal quickly to resolve the crisis without thinking about how much money it really was in purchasing power. I replied, “I just did not think about the consequences of what I was doing – I just did the job.”

    Continue Reading...