Continued declines in forex market volatility expectations point to small currency movements in the weeks ahead. Yet a continued US Dollar downtrend ...See all stories on this topic »
Forex Strategy Outlook: US Dollar Downtrend Favors Momentum Strategies
Source: www.dailyfx.com
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Regional stockmarkets lose ground
The Taiwanese exchange is down over 3%, the Kospi is down over 1% and all other exchanges are down by between 0.25%/0.5% on a day dominated by risk aversion related to geo-political events in Iran and North Korea. The oil price dipped back below $72/bbl as fears of another economic slowdown...
Progress towards algorithmic implementation of Kelly Criterion
The "Kelly Criterion" in quant folklore is based on the exposition and development of Kelly's work done by Edward Thorp. Acknowledging Thorp's contribution, I find the original article by Kelly conceptually more relevant to the realities of algorithmic trading as developed by ForexAutomaton. Our...
EURUSD runs in a price channel
EURUSD runs in a price channel on 4-hour chart. Support is now at the lower border of the channel, now at 1.3045, as long as the channel...
Darling, Mandelson stay
The two posts that matter to the market , Chancellor and Business secretary, the post created for Peter Mandelson, are retained by their present holders in PM Brown’s new cabinet. Purchasing green bananas for the office canteen is not recommended for any of the Labour government. Cable trades...
EUR/JPY technicals: scope to fall to 130.60
Price has now fallen below the short term moving averages and many model players will now await a negative cross. The breakdown level was 135.80 and that should now prove to be a good short-term resistance level. Next support can be found at a series of former highs around 133.30. The target for...