Reflections on the Vance-Walz Vice-Presidential Debate October 3, 2024 Among the various factors that impact U.S. voter predispositions, vice-presidential debates generally rank low. Nonetheless, last Tuesday’s event was illuminating in helping to shed light on some faulty arguments that are being made. Here are five: Should Vice President Harris be held accountable for things both…
Festering Concerns October 3, 2024 It’s getting harder for investors to overlook the coming U.S. election, now less than five weeks away and still fraught with uncertainty. A strike of U.S. dockworkers along the Gulf and Eastern seaboards could not have come at a more awkward time. The possibility of a full-blown, multi-front war in…
AT Alerts Real-Time Trades AT Alerts, built into The Amazing Trader, are exactly what the term says They are trades executed by the Amazing Trader proprietary trading algo presented to users in real-time. AT Alerts are programmed to identify potential changes in a currency’s direction. It is then left up to the individual…
Iceland’s Initial Central Bank Rate Cut October 2, 2024 The Central Bank of Iceland became the latest monetary authority to initiate a cycle of interest rate cuts from an extended highly restrictive level. The key 7-day term deposit had been held at 9.25% since a 50-basis point hike in August 2023 culminated increases totaling 125…
Strong Yen Sales October 2, 2024 Japan’s ultra-loose monetary policy when other central banks scrambled to tame a sharp rise inflationary pressure in 2021-3 had encouraged investors to borrow essentially free money offered in Japan and invest in higher yielding assets elsewhere. Those so-called carry trades are now being reversed and consequently driving down the…
How Should You Trade in a Geopolitical Market Traders generally like geopolitical tensions as they create volatility. This is true in the current market as it takes the focus away from the bi-polar trading on interest rate expectations. The latest geopolitical concern is growing hostilities in the Middle East with reports that Iran…
Dollar Steps Up as Final Quarter of 2024 Begins October 1, 2024 Remarks by Fed Chairman Powell yesterday afternoon countered mounting speculation of another 50-basis point rate cut, offering the alternative of two 25-bp moves before yearend as a far likelier scenario. In response, the dollar rebounded overnight by 0.4% against the euro, sterling and…
Weekly FX Chart Outlook – Sept 30 – Oct 4 This Is another case where the end of the week will be more important than how it starts out (quarter end). The key focus will be on US data, specifically PMI’, JOLTS, and the US Jobs report as well as Fed Chair Powell’s…
Forex Trading Glossary – U/V/W Forex Trading Glossary – U/V/W Forex Trading Glossary – U Unrealized Profit or LossThe profit or loss status of open trades. UptrendCharacterized by a series of higher price highs and higher price lows. Uptrend LineA line drawn through least two ascending price lows, with a third needed for confirmation…
Rate Cut Fever September 25, 2024 In the wake of a disappointing and unexpected relapse in U.S. consumer confidence in the Conference Board’s monthly measure this month, financial markets are attaching greater odds to another interest rate cut by the FOMC at its early November meeting following the sizable 50-bp initial reduction made earlier this…