Forex: GBP/USD tests support at 1.6460 (The Forex Market)

FXstreet.com (Córdoba) – Cable failed in the last hour to confirm levels above 1.6600 and fell below 1.6500 to 1.6460 (lowest price of the American session). From there GBP/USD rebounded to 1.6510. Currently the pair is testing the lows of the session.  Read More →

Moving On

Dear Zero Hedge readers and blogger fans, it is time to move on… …to our new home: www.zerohedge.com For a little over 6 months blogger has served us well, and yet it reached its limitations some time ago. Our new website, in addition to all currently existing features, now has a full RSS feed, a Contributors section, a complete term Glossary,... Read more...

Ron Insana On HFT

Hey Ron, didn’t realize your new position as a contributing editor on CNBC came with the contributing title of “Portfolio Manager.” Didn’t Stevie put a one year kibbosh on that? But I digress… And in all honesty I am surprised that you seem to have the correct spin on things (as per letter below from Jim Cramer’s... Read more...

1 To 3 Years Of Securities Recalls Aka Forced Squeeze To Go

After numerous posts on this blog discussing speculation of assorted forced buy ins, it seems that this phenomenon is quite factual and quite pervasive among the asset management community. As Zero Hedge has noted previously, forced buy-ins are a critical issue as it leaves shorts at the mercy of their securities lenders and repo desks (most of which... Read more...

NYSE Claims It Does Not Engage In Flash Trading

From an interview earlier with NYSE’s Larry Leibowitz, who is surprisingly vocal against Flash trading. Larry – since the NYSE does not engage in Flash trading, can you please indicate whether or not the SLP program provides advance notice to Goldman Sachs ala Direct Edge’s ELP program. Regardless, the escalation in the ECN wars is... Read more...

The Goldman VaR Exemption Question Escalates

It seems only yesterday that Zero Hedge had some questions in regard to Goldman’s VaR Fed exemption. No response was received from 85 Broad. Today it appears several Congressmen, lead by Alan Grayson, are willing to drive a sharp stick pretty deep into the hornets’ nest, by sending a letter directly to Wall Street Don Ben Bernanke, demanding... Read more...

Schumer Letter To Mary Shapiro

“I write out of concern that the integrity of our capital markets is being compromised by the ability of some insiders to view order information before it is available to the entire market, and use electronic trading strategies to profit from that information at the expense of other investors.” Full letter here: Schumer Letter ... Read more...

Goldman’s Ed Canaday On The Requirements For High Frequency Trading Oversight

Damage control… Or is Goldman a little worried what Direct Edge may disclose. From the appended Schumer piece on Bloomberg: “Goldman Sachs believes high-frequency trading should have an accompanying obligation to provide liquidity, and be subject to appropriate regulatory oversight,” Canaday said. Ed, we have been giving you the chance to... Read more...

Paul Tudor Jones Exposed

The mythical “TRADER – The Documentary” is finally available on You Tube. Relevant “full frontal” insights on the making of a hedge fund legend, and a paleolithic market dominated by monochrome PCs (what, no Bloomberg?), running to the municipal library for that 10-K, and no Flash orders frontrunning every trade. Part... Read more...

The ETF Gloves Are Off

Bearish bets made impossible, compliments of UBS. Either that, or UBS’ recently upgraded (with i7 chips of course) computers just cant handle the basis calculations. Either way, is something very fried with ETFs going on behind the scenes? IMPORTANT NOTICE: Inverse, Leveraged and Inverse-Leveraged Exchange Traded Funds are no longer available... Read more...

Daily Highlights: 7.27.09

Administration looking for Chinese help to narrow trade gap and boost US jobs. Advertisers are getting cheaper rates than a year ago on television commercials. Aetna 2Q profit dropped to $346.6M due to greater commercial expenses and cuts full year forecast. Asian markets were higher Monday on hopes for further earnings recovery, Nikkei hits 10,000... Read more...

Forex and Dow Jones Recommended Levels

EURUSD Today’s support: – 1.4272, 1.4243 and 1.4220(main), where correction is possible. Break would give 1.4196, where correction also may be. Then follows 1.4172. Break of the latter would result in 1.4127. If a strong impulse, we would see 1.4084. Continuation will give 1.4040. Read more….  Read More →

The Daily Forecaster: USDJPY

No break of 93.32 and a solid recovery back above 94.55. Be aware that having achieved this new high there is a strong risk of reversal lower at any time. However, while support at 94.12-18 remains intact I feel the immediate risk is higher back to 94.70 and after a… Read more….  Read More →

FX Technical Commentary

Euro 1.4340 Initial support at 1.4046 (AUG 17 low) followed by 1.4008 (Jul 29 low). Initial resistance is now located at 1.4447 (Aug 5 high) followed by 1.4621 (61.8% retrace 1.6038 -1.2330) Read more….  Read More →

Daily Technical Analysis

The EURUSD had a significant bullish momentum on Friday, topped at 1.4375 and closed at 1.4324. On h1 chart below we can see that the bearish channel has been convincingly violated to the upside indicating bearish failure and potential bullish scenario. The bias is bullish in nearest term targeting 1.4446… Read more….  Read More →

Eur/Usd: Bullish Aproach To 1.4444

On the daily chart shown below, we are looking for a higher wave 5 target of a red wave C, as the market is trading higher and higher, driven by higher commodities and equities in the last few days. The prices are also threatening our critical resistance area at 1.4326,… Read more….  Read More →

Beware of the Ponzi Trap in Forex

While scanning the Forex news recently, I noticed quite a few disturbing headlines. June 10, 2009 SEC Pulls Plug On Alleged $80M Forex Ponzi Scheme The Securities and Exchange Commission yesterday charged two California men and two companies they control for conducting an $80 million Ponzi scheme that targeted Korean-American investors with promises... Read more...

Same Tools, Different Thoughts

I have made my mark in trading and trading education by thinking differently. One of the things I am always fascinated with is how we are taught to do certain things and how we learn, specifically when it comes to anything that has to do with competing. In the United States for example, we compete for jobs, money, better this, and better that… Have... Read more...

The Death of the Buy-and-Hold Investor

This article is taken from the YourTradingEdge magazine (MAY/JUNE 2009 issue) The author, Kel Butcher , is a full time futures, equities and derivatives trader. He is the author of ‘A Step-by-Step Guide to Buying and Selling Shares Online’. He also acts as a mentor and coach to other traders. The rout experienced by all the world’s equity markets... Read more...

Playing the Field When the Trend’s Not Your Friend

By Sam Evans, Extended Learning Track Instructor – Sam is filling in for Steve this week. Enjoy his article! It’s not been an easy few months for Forex traders. Over the last nine weeks, a majority of currency pairs have been stuck in a truly indecisive range, fooling many novice traders into anticipating the next big breakout. I have heard... Read more...

Next Page »