Andy Xie was a star at Morgan Stanley before he made the mistake of being too critical of the Chinese government. He is generally bearish on the financial markets future, after all he did work with Stephen Roche, but he is very abreast of all developments and is good at presenting his arguments. Here is a piece from earlier this week which might make some green shoots look like noxious nettles.
Just in case you are starting to get bullish- a cold bath from Andy Xie
Source: www.forexlive.com
Read more...
February 2011 performance review for Danica-9am algorithm
During February 2011, the second month of the second year of live performance, the system continued on auto-pilot without parameter changes. This document consists of a summary section reporting the figures of merit for the forecasting quality, followed by 14 subsections, dedicated to the...
Early Tokyo showing its hand; JPY crosses lower
EUR/JPY has fallen swiftly from 134.80 to 134.35 as early Tokyo enters the market and obviously decides it does not want to buy anymore. Dealers report a lot of offers appearing in USD/JPY, some in very decent size and this is obviously weighing on the crosses. Bids were reported earlier at 97.50...
More on how I know my forex forecasting works.
This is a brief follow-up to the previous post on how I know my forex forecasting works. In that post I disclosed a measurement of a figure of merit I use to monitor the forecasting quality and optimize the algorithm, the figure of merit being the covariance of predicted and actual logarithmic...
FOREX VIDEO - Pre London Outlook July 30th 2009
Hey everyone looks like another challenging day shaping up for a few currency pairs. In this video I continue with the Euro Yen and Pound Swissy analysis that we have been looking at for the week. I bring nothing new to the table today. I put together a few trade plans that are simple and trend...
GBPUSD broke above 1.5382
GBPUSD broke above 1.5382 key resistance, suggesting that the downtrend from 1.6875 has completed at 1.4784 already. Further rally would more...