Each week the U.S. Commodity Futures Trading Commission (CFTC) issues its 'Commitments of Traders' report
- Its published Friday afternoon US time
- It covers futures positioning up until the Tuesday prior to the Friday
Thus, the most recent report issued Friday 15 September is for positioning as of Tuesday 12 September. This won't be news to you if you've been around a while, but if you are new to markets it might be.
I have the lamest trading mantra
Check out a video I made this week.
Reversal or correction? That is the question
Everyone wants to ride a new
trend from the very beginning. If a trader holds a position in line with the
existing trend, he/she wants to close it before this trend reverses. However, at
the early stages, it's very difficult to distinguish reversal from a mere
correction. The wrong judgment may lead to losses. What are the solutions to
Vital information for cryptocurrency traders 11 Sept
Every forex and CFD broker seems to be offering bitcoin and/or ethereum trading nowadays. On the surface, they all seem the same. But, we all know the basics that spreads and margin vary by broker to distinguish their crypto offering.
Five words that could save you a bunch
There is a grain of truth in every trading mantra and maxim but everybody has one that he or she likes best. In this video, I talk about the mantra that works for me and how I wish it was something with a bit more pizzazz.
Metals in focus today
Industrial metals are badly misunderstood. For years, they were held up as the paragon of global economic indicators. Then everyone in world opened a mine and flooded the world with supply and the entire story fell apart. Nothing's changed since then.
A look at risk-averse investors
A risk-averse investor is an investor who prefers lower
returns with higher certainty rather than higher returns with less certainty. Among
various investments giving the same return with different level of risk, this
investor always prefers the alternative with least risk.
Making a case for CFDs
headlines have been written about the incredible rise in value of the
so-called FAANG stocks listed on Nasdaq and traded as part of the S&P
500. In the last four years, the five stocks have advanced by 544
percent (Facebook), 268 percent (Amazon), 170 percent (Apple), 441
percent (Netflix), and 124 percent (Google/Alphabet) respectively.
With all the talk about North Korea
One of two things is going to happen:
- Nuclear war
- This will all blow over
If there's nuclear war, or even conventional war, the Korean peninsula will be in very rough shape. Possibly Japan and places beyond too. It would be an unbelievable tragedy and a major destabilizing force in markets.
We're in the long summer
Game of Thrones is likely the most-watched television show in history. It has a huge following right around the world and even if you don't watch it, the speech makes a great point about getting ahead.
Vacation isn't as easy as it sounds
No one ever talks about the vacation trade.
What you do before, after and during your time away can make or break your vacation. I made this video -- from Maui, Hawaii -- because I've been on both sides. It includes four rules that I have for myself whenever I take a break.
Don't trade BitCoin on the fundamentals, trade it based on what the other guy thinks
You don't need to love or hate BitCoin to trade it.
In this video, I explain why cryptocurrencies isn't a real currency and why that doesn't necessarily matter. I take a look at who is buying BitCoin and why that says more about where prices are going than the fundamentals.
Is there a technical reason to sell?
, said that the AUDUSD was a sell. He outlines his fundamental reasons for the price decline including:
Goldman's Phillip Moffitt, head of Asian Pacific fixed income
This is from a HSBC note on the EUR I saw during the week and I though I'd pass it along for some weekend reading
HSBC discussing this in the context of the EUR rally, but it also perhaps useful as a way of thinking about flows and their impacts. See what you think.
It's a bad day to be short EUR
I don't know how reliable this data is but it has the ring of truth to it. Depressing truth but truth nonetheless.
FXCM says that retail traders are short EUR/USD by a ratio of 4:1 at the moment. That means most accounts are taking an absolute beating today as the euro hits a 10-month high. They're also short every other euro cross and losing money there as well.
A few thoughts following yesterday's surprise change in the BOE MPC vote
Yes it was a surprise and the robots unsurprisingly took the pound up in rapid fashion, which suited me and I was able to sell around 1.2800 from the 6th tee at the charity golf day to which I had a long standing corporate commitment hence my early departure.