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Gold - Long Term Trendline


Gold was trading to the downside quite nicely over the last few weeks, after we managed to put in place a top around $1300 level, this level was suggested as a possible top on my last update about Gold which you can find it here: Gold Down- Channel
Despite all the geopolitical tension, the Greece debt crisis, ECB QE programme and many other factors, Gold couldn't find a bid in the market and that's reason enough to conclude that the current bearish trend is still reinforcing itself and Gold is …
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WEBINAR: Marc Spaelti on US job data and emerging market

Confused about Friday's US job data? Interested in finding out if the emerging markets pose a risk to the Eurozone?
Then join our live webinar today at 12:00 GMT when Marc Spaelti, Dukascopy Vice President and Chief Operational Officer, discusses these questions! This is a great opportunity for you to share your ideas on the matter with fellow community members and know what other experienced traders have to say.
Hope to see you there!
Your Dukascopy Research Team
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Emerging Markets, Follow the Hot Money

Why I was short USDTRY?
Explaining my trade.

Since beginning of the week I'm running a short position in USD/TRY and I'm well over 600 pips in profits. The main reason why I got short is mainly because Turkey's Central bank raised the interest rates and secondly because of the high volatility in emerging market currency. Actually this is the first time I'm trading emerging market currencies. I always try to trade where the hot money are.
Last weeks the main market driven theme and ri
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jezz avatar
jezz 7 Feb

Emerging markets deserve some discussion... in my opinion, they are left now to grow up, while bigger players are dealing with their own problems... well, this is kind of a translation of my metaphoric blogs :D

Daytrader21 avatar

I also think this time is different than for eg the 1997 Asian crisis when back there they emerging markets had lot of dept. this time around only Turkey has some kind of domestic credit bubble and that's the reason why they had to intervene and stop the fall in turkish lira as they have borrowed against the US dollar so if US dollar is more expensive this hurts them.

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Clash of the Titans - BOE vs ECB

Today we have both BOE and ECB rate decision which should bring a lot of volatility to the market. When it comes to raise in interest rates BOE appears to be more hawkish than any other Central Bank as the forward guidance target for the unemployment figures are forecast to be reached in early 2015.
It's all about CB's forward guidance here and what message will be sent to the market.
Fundamentally speaking, UK is set to grow faster than any other Western economy. This year the economic data wh…
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Emerging Market Intervention - Devil in the Details

Now where have we heard this theme before, `India in talks with other emerging economies to intervene in offshore currency markets`?? This objective obviously has some merit, in as much as if one is convinced that intervention is still a robust strategy, then better to have a much bigger collective purse to bring to the table. The rationale presumably being that this large stock of collective reserves will be sufficient to detract would be speculators from launching an assault on an individual c…
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aslamhammad avatar

so the devil is cooking currencies :p

aslamhammad avatar

1 US dollar is around 104.45PKR today in my country Pakistan, for me it's awesome, but for local buyers it's going to be expensive, as it has reached the highest according to our yearly records :)....1usd for 1 Indian rupee==66.5, that's also peak high according to their yearly records, so USD has really strengthened in my opinion :)

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Is Emerging Markets an Old Game in Town?

Forget about the NASDAQ trading suspension. The big story these days is emerging markets. During a slow summer week, attention turned away from the US and towards India, Indonesia, Turkey and Brazil. These once-sizzling markets are suffering large currency declines, which have prompted many of their central banks to announce intervention efforts to prop them up. Guess who’s to blame for the foreign fiasco? Yes, the US central bank chief Ben Bernanke is the goat once again. Emerging markets had b…
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