ForexHedge

Rogue Trading

2012-02-09T18:10:14.000Z

The most notable instances of rogue trading since 1992.

Have a look !

Robert Prechter on the Mind of Money

2012-02-09T17:58:12.000Z

Robert Prechter joined The Mind of Money host Douglass Lodmell to talk about how to keep your money safe, the deflation versus inflation debate and other topics important to the future of your investments. Enjoy this 45 minute interview.

EUR/NOK

2012-02-07T17:55:03.000Z

The NOK is, more or less, independent from the EURO.

It's an alternative for the Swiss, with it's limits, as well.

Both, the NOK and SEK has strengthened against the Euro last week.

Below the EUR/NOk with daily and weekly trend.

Next Monday early European Opening Range Breakouts

2012-02-04T18:00:00.000Z

Next Monday early European opening range breakouts based on the previous week data.

Click on the table for more.

The Real US Economy and the next Crash !

2012-02-03T20:02:46.000Z

I like to mention 2 interesting articles for the weekend.

The Real US Economic picture:

http://www.paulcraigroberts.org/2012/02/02/the-real-economic-picture/

and

The Crash is coming: Key reversal predictive signs:

http://fnn24.com/?p=48061

http://fnn24.com

Everything You Could Want to Know About the FX Market

2012-02-02T19:30:00.000Z

It never seems to shock us how few people have even a simple understanding of the market in which they are trading. When it comes to the FX market, retail investors are at the bottom of the barrel in terms of information and tools, proven over and over again through return statistics.

Click on the ball for the whole article.

China to make Shanghai global trading hub for yuan

2012-01-30T20:27:05.000Z

The Chinese government wants to emphasise once again that it has the final say in the value of the currency.

China will make Shanghai the global centre of yuan trading, clearing and pricing by 2015, according to a specific state plan laying out the city's future as an international financial centre.

The detailed plan, published jointly by the country's economic planning agency and the Shanghai government, shows the scale of China's ambition in creating its own version of New York, London or Hong Kong.

Click on the picture for the full article.

Next Monday early European Opening Range Breakouts

2012-01-28T16:00:00.000Z

Next Monday early European opening range breakouts based on the previous week data.

Click on the table for more.

IMF Forecast

2012-01-28T10:00:00.000Z

A clean graph from (c) Reuters showing (c) IMF projections for 2012 and 2013.

Some of the more notable observations from the list:

The US was the only country to get an UNCH forecast for 2012 (1.8%, which was revised downward by only 0.3% in September).
Europe was the hardest hit for both 2012 and 2013, with Western Europe seen in negative territory for 2012.
Germany receives a rough projection, revised down 1%for 2012, UNCH for 2013.
World output average seen -0.7% lower for 2012 (3.3%).
Developing Asia keeps creeping lower, seeing more volatile shifts since June.

48.5% of American Households Receive Government Benefits $ 6.640 for each person !

2012-01-25T15:01:50.000Z

Spread the Wealth Around: 48.5% of American Households Receive Government Benefits,

$6,640 For Every Member Of the Population !

Click on the chart for the full article.

http://www.shtfplan.com/headline-news/spread-the-wealth-around-48-5-of-american-households-receive-government-benefits-6640-for-every-member-of-the-population_01252012

Latest Big Mac Index

2012-01-23T15:44:24.000Z

Burgernomics shows Switzerland has the most overvalued currency

THE ECONOMIST's Big Mac index is based on the theory of purchasing-power parity: in the long run, exchange rates should adjust to equal the price of a basket of goods and services in different countries. This particular basket holds a McDonald's Big Mac, whose price around the world we compared with its American average of $4.20. According to burgernomics the Swiss franc is a meaty 62% overvalued. The exchange rate that would equalise the price of a Swiss Big Mac with an American one is SFr1.55 to the dollar; the actual exchange rate is only 0.96. The cheapest burger is found in India, costing just $1.62. Though because Big Macs are not sold in India, we take the price of a Maharaja Mac, which is made with chicken instead of beef. Nonetheless, our index suggests the rupee is 60% undercooked. The euro, which recently fell to a 16-month low against the dollar, is now trading at less than €1.30 to the greenback. The last time we served up our index in July 2011, the euro was 21% overvalued against the dollar, but it is now just 6% overvalued. Other European currencies have also weakened against the dollar since our previous index, notably the Hungarian forint and Czech koruna, which have fallen by 23% and 16% respectively. Six months ago both currencies were close to fair value, but they are now undervalued by 37% and 18%.

Click on the tabel below for more.

Last week European Opening Breakouts analyses

2012-01-22T14:45:55.000Z

Below the analyses from last week early Monday morning opening breakouts.

Actual tables for next Monday opening breakouts are available by subscription only.

To view, click on the table below.

Swiss finance minister: EUR/CHF should be 1.35/1.40

2012-01-18T17:27:43.000Z

Swiss finance minister: EUR/CHF should be 1.35/1.40

Exports suffer from franc strength
2012 growth seen at 0.5%
Up to Swiss National Bank to to act on franc
Hopes for franc easing sooner rather than later
No new support for Swiss companies planned
All euro scenarios are being considered
Euro will survive
Number of euro countries could drop
Sees Germany, Netherlands, France in euro zone

Yes, there is good news from Spain too !

2012-01-18T16:00:00.000Z

As an aviator myself, it's good to see that there is also good news from Spain.

No, not Barca against Madrid this time, but great news from the Catalonia economy.

Congratulations Vueling.

http://www.anna.aero/2012/01/18/vueling-europes-4th-biggest-lcc-reveals-major-expansion-in-barcelona/

Monday European Opening Breakouts analyses

2012-01-15T14:39:41.000Z

Below the analyses from last week early Monday morning opening breakouts.

Actual tables for next Monday opening breakouts are available by subscription only.

To view, click on the table below.

THE YEAR OF LIVING DANGEROUSLY

2012-01-12T15:30:00.000Z

While all attention in the news is on European debt crisis, we must not forget what is going on in the USA which can infulence the US Dollar, once the news is changing to the other side of the ocean.

The 3 charts below are clear.

Read this interesting article, with more facts, by clicking on one of the charts.

Germany sold bonds with negative interest !

2012-01-09T17:57:46.000Z

Germany sold bonds with negative interest.

Bundesbank announced that, has sold six-month bonds worth 3.9 billion at an average rate -0.0122% ! This means that investors had agreed in July, when the bonds mature they will be paid less, than now granted to Germany.

According to the Bundesbank, for the first time investors have agreed to negative interest rates on German bonds.

This means that the security offered by German bonds during the crisis attracts more investors.

At the end of last year, Denmark also for first time placed a five-month bonds at negative interest, and in early 2012 placed another two and five-month issue bonds worth 351 million dollars also at negative interest. The interest in Danish bonds was prompted by the fact that the country is not a member of the euro zone and is not threatened by the debt crisis.

Source: www.spiegel.de/international/europe/0,1518,808080,00.html

Monday early European Opening Breakouts

2012-01-08T19:32:17.000Z

Below the analyses from last week early Monday morning opening breakouts.

Actual tables for next Monday opening breakours are available by subscription only.

To view, click on the table below.

Is Currency Trading Worth the Risk?

2012-01-05T18:22:37.000Z

The Foreign-Exchange Market Is Luring Record Numbers of Retail Investors,

but the Potential Pitfalls Are Huge

Click on table for more.

Danish Krone Reserves Surge

2012-01-03T18:03:15.000Z

There is more in FX land than only the majors !

Denmark’s Krone reserves rose more than estimated to the 3e-highest level on record as the central bank sold kroner to defend the link to the EUR.

The central bank cut its benchmark interest rate twice last month to protect the krone’s link to the Euro as investors fled indebted euro-are economies and bought Danish assets.

Denmark’s krone is still strong compared with the Euro, Therefore it is expected the central bank will cut rates one more time in the coming months to counter the pressure on the krone.

EUR: 2 Years Strength/Weakness

2012-01-02T12:30:00.000Z

2 Years Strength/Weakness against the EUR

GBP (green), USD (Red), SEK (Black), CHF (Brown), AUD (Blue), JPY (Purple).

USD: 2 Years Strength/Weakness

2012-01-02T12:30:00.000Z

2 Years Strength/Weakness against the USD

Top, AUD (blue), GBP (green), EUR (Red), JPY (Purple), CAD (Black), CHF (Brown)

Monday early European Opening Breakouts

2012-01-01T17:41:59.000Z

Next Monday early European opening breakouts based on the previous week data.

After January 2th. this page will show only delayed tables.

Actual tables are available by subscription only.

Previous Breakout signals are on:

http://www.2hedge.com/mmbreakout.html

Banks Struggle With Euro Contingencies

2011-12-27T19:38:00.000Z

As the euro-zone debt crisis intensified in recent months, at least two global banks took steps to install back-up technology systems that could handle trades in old European currencies like drachmas, escudos and lire.
That, the banks quickly found, is not so easy in a financial world that is trying to both exhibit confidence in the ailing euro and—just in case—plan for its possible demise.
Technology managers at the banks contacted Swift, the Belgium-based consortium that manages the network used in financial transactions, said people familiar with the matter. The banks wanted Swift's technology support and the currency codes that would be necessary to set up the backup systems.
But Swift declined to provide some information for such contingency planning, including whether old codes could be used in the system, said the people familiar with the matter.
That is partly because officials there feared that releasing the information could fuel further doubts and instability in the euro zone, these people said.

Click on Euro for more.

(c)Wall Street Journal

First Half of 2012 to Decide Euro’s Survival

2011-12-26T13:00:00.000Z

“The first half of 2012 will be the time when we will get a better feel if the euro is going to survive,” Thomas Mayer, according chief economist, Deutsche Bank.

“It all depends on whether the Monti government can stabilize the Italian economy and implement reforms.”

Ex-European Commissioner Mario Monti took over from Silvio Berlusconi as Prime Minister of Italy last month after a difficult year for Italy, the euro zone’s third-largest economy.

Mayer expects that the new technocratic government will be able to drag the Italian economy out of the doldrums next year, although it faces a difficult task.

The new administration in Greece has plenty on its plate, too, with a widening budget deficit despite harsh austerity measures.

Article source: http://www.cnbc.com//id/45720970

Monday early European Opening Breakouts

2011-12-26T12:17:22.000Z

Next Monday early European opening breakouts based on the previous week data.

After January 2th. this page will show only delayed tables.

Actual tables are available by subscription only.

To view, click on the table below.

Christmas FX Ranking

2011-12-23T16:01:22.000Z

A last look before Christmas on FX Ranking.

Click on the table for a more detailed look.

Merry Christmas

Next Monday early European Opening Breakouts

2011-12-17T20:40:09.000Z

Next Monday early European opening breakouts based on the previous week data.

After January 2th. this page will show only delayed tables.

Actual tables are available by subscription only.

To view, click on the table below.

The U.S Debt Crisis, A Look Beyond the Paradigms

2011-12-14T17:00:00.000Z

Wheli all attention is on Europe, we must not forget the US situation as well:

http://www.marketoracle.co.uk/Article32048.html

US Accounting, State finds $320 million it didn't know it had !!

2011-12-13T16:16:27.000Z

In the equivalent of finding some money in the pocket of the winter coat you hadn't put on in months, Gov. Mitch Daniels said Tuesday that the state has discovered it has $320 million more than it thought to deposit in its main checking account.

He blamed it on a programming error that only recently was caught by a state employee.

But after watching state government slash public education funding by $300 million at the end of 2009 as the economy shrank state resources, Democrats in the legislature are asking for an investigation into how this happened and demanding assurances that it can't happen again.

http://www.indystar.com/article/20111207/NEWS05/112070317/State-finds-320-million-didn-t-know-had