One of the issues currently bedevilling FX markets is the combination of low volatility and steady interest rates – these in concert add up to a profoundly dull market where the majority of major pairs are going sideways. Interestingly, it is also have an affect on turnover as can be seen in the chart below.…Details
Whilst puddling around today I heard on the radio that Glenn Stevens the head of the RBA had issued a dire warning for just about everything. I have to admit I wasn’t paying attention because this is the same group that has predicted 17 of our past 3 recessions but I decided to look up…Details
One of the joys of keeping odd hours is that you hear all sorts of things that make you go WTF. So I was not surprised to hear in the wee small hours someone extolling the virtues of FX. Their basic pitch was FX is the most volatile market in the world .Therefore, this translates…Details
I often tell people to keep a simple file with nothing more than price and a few straight lines. Unfortunately, most interpret this as cover your charts with what looks to be a map of the Melbourne tram network. It is surprising how much information price by itself can convey to you.