The Justinian

After hitting the top of the range for the fourth time and turning around, the USD/CAD looked as though it would make the round back to the bottom again.  But that would have been too easy right?  So instead it drops over 100 pips yesterday only to come back and close only down 40, and […]

After bouncing off three times the GBP/CHF pushes up to a level that it hasn’t been above since 2002.  Coming back down?   Propriety trader Mihai Nichisoiu has an interesting view:
It has been my belief since long that most volatility blowouts are triggered during periods of rather low market liquidity (i.e. they may be a result […]

Talk about China’s currency never stops. So much so that most Americans have probably heard enough to develop an opinion on where the Chinese Yuan or Renminbi (RMB) is likely to go next. Trouble is, when they attempt to actually trade based on their view, they quickly realize that speculating is either impossible […]

Euro strength continues, and the loonie is still falling apart.  Together this makes for one of the most volatile pairs consisting of G7 currencies.  EUR/CAD has gained approximately 1200 pips in about 35 trading days.
 

China dominates headlines when it comes to foreign exchange reserves and global trade imbalances. Every day a new article is posted on one of the major financial news outlets decrying China’s continuing buildup of foreign reserves, and their increasingly large trade surplus with the US. When their reserves moved past the $1 trillion […]

Crude palm oil futures were supposed to be in the market being traded by the end of the year on the Joint Asian Derivatives Exchange (JADE), but traders will have to wait.
From Reuters:
Trading in futures contracts of Indonesian palm oil will now debut in the “early first quarter of 2007,” a CBOT spokeswoman told Reuters.
She […]

Oil is big news, and these days movements in the US Dollar–known euphemistically as the greenback–are as well. It’s rare, however, that the dollar is at risk of being affected by a meeting of the Organization of the Petroleum Exporting Countries (OPEC). That may change next week.
OPEC has been in the news of […]

EUR/USD and GBP/USD have been slaughtering the dollar recently, but we haven’t seen as much movement in the non-European currencies against the dollar. That may end soon. The width of the Bollinger Bands on the monthly chart are the lowest in over 10 years for the AUD/USD. The pair has tried and […]

Not long ago the United States tightened laws against online gambling, immediately crippling and bringing online casinos to their knees.  Now the Las Vegas Sands plans to launch their own online platform, starting in the United Kingdom. Their stock price (LVS) is up about 140% in the last twelve months.
From Reuters:
Las Vegas […]

Nowhere is the move from floor-traded exchanges to electronic trading more obvious than on the NYMEX, the New York Mercantile Exchange. In the past, and especially leading up to that exchange’s recent IPO, seat prices–which gave the owner the right to trade on the exchange’s floor along with voting right and partial ownership–were the […]