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Fitch warns US to behave in future

annatimone Posted 1 Nov.  in #Miss Dukascopy 2013 #USD #Us Dollar #Fitch #Ud #Credit Rating #Rating Agencies #Emea #Crisis
On the 15th October Fitch put the US on rating watch over the shutdown/budget debacle but has today issued a strong warning that the US needs to buck its ideas up. A repeat of the debt ceiling crisis would not be a good signal to keep the triple A rating and they must take more steps to reduce the deficit and debt burden, they said.
Fitch will decide on the US rating in March 2014.
"Nothing is pre-determined, but that wouldn’t be a good signal if we have that kind of outcome again,” Said Fitch …
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mag avatar
mag 4 Nov.

save the date.

Serguei avatar
Serguei 3 Dec.

It seems the credit rating agencies have too much to say these days. It's up to the fixed-income fund managers to decide on the creditworthiness of institutions or governments. A credit rating agency does a great job of influencing the market's perception, not the opinion. Basically, what I am trying to say, is that as with other types of trading, you need to align your positioning with that of the market at large. Being too smart may leave one exposed to unpredictable outbursts of the emotional crowd that the traders are. You have no option but to follow the pack leaders or protagonists.

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Fed Bullard: Small taper would still leave very stimulative policy

annatimone Posted 1 Nov.  in #Miss Dukascopy 2013 #JPY #USD #Inflation #Fomc #Fed #Policy #Taper #Payroll
  • Expectations of tapering will rise as labour market continues to show cumulative improvement
  • Fed wants to be assured that any progress in labour market will be lasting
  • Unemployment and and payrolls have clearly improved but other labour data has not
  • FOMC decisions are dependant on data
  • Forward guidance and asset buying separate tools but market sees them closely linked creating challenges for Fed
…
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ECB would do well to keep rates on hold.

annatimone Posted 1 Nov.  in #Miss Dukascopy 2013 #JPY #USD #Ecb #Euro #Inflation #Germany #Deflation #Rates
ECB would do well to keep rates on hold. For now.
After yesterdays belated market focus on the underlying problems in managing a single strategy for the whole eurozone, it put into sharp focus the policy options facing the ECB. The west has had a ferocious and deadly enemy for the last 40 years, and it was called inflation. All the ammunition and strategy has been directed towards killing this enemy, and the threat has – for the while – gone away. While this battle has been raging however, a new…
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mag avatar
mag 4 Nov.

Difficult to persuade the Germans and that changes the ECB

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Forex Americas wrap: Euro lets out a shriek

annatimone Posted 31 Oct.  in #Miss Dukascopy 2013 #GBP #EUR #JPY #USD #Forex #Euro #Oil #Gold
Forex headlines for October 31, 2013:
•. Initial jobless claims 340K vs 338K
•. Chicago PMI 65.9 vs 55.0 but caveats apply
•. Canadian Aug GDP +0.3% vs +0.1% exp
•. Numerous banks make calls for ECB to cut rates next week
•. BOE’s Weale says unemployment has surprised in the past, could do it again
•. Rand Paul throws in the towel on Yellen blockade
•. Gold down $20 to $1324
•. WTI crude down 50-cents to $96.27
•. CAD leads, EUR lags
The euro fell the most in four months, plunging…
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mag avatar
mag 31 Oct.

Thanks Anna

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Feedback for the contest, Task 22

annatimone Posted 31 Oct.  in #Miss Dukascopy 2013 #USD #Forex #Euro #Trend #Economy #Feedback For The Contest #Task 22 #Graph
My feedback answers for the contest:
1. What has been your experience with Miss Dukascopy 2013 contest?
This is my first time to be involved with Dukascopy Bank Community and this is my first time to participate in Miss Dikascopy contest. I had a wonderful experience and enjoyed all of the components of the contest. It was interesting to work on all tasks. I enjoyed my interaction with other Miss. Dukascopy contest participants as all ladies are very beautiful, smart, talented and ver…
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Nick_T avatar
Nick_T 1 Nov.

Miss Dukascopy 2013 :)

annatimone avatar
annatimone 1 Nov.

Ok. Thanks. What should I do with this prize now? Is it money I can only trade? Or can I get it in cash?

Nick_T avatar
Nick_T 1 Nov.

You can withdraw it as soon as the minimum turnover condition is complete (we want you to try our platform frist, maybe you'll like it ) .

annatimone avatar
annatimone 1 Nov.

Ok. Thank you. I would like to withdraw it. What are the minimum turnover conditions? Thank you.

Nick_T avatar
Nick_T 1 Nov.

Funds can be withdrawn from the accounts after the minimum turnover is reached. The required turnover constitutes $500,000 for each $100 won.

In other words - some 15 trades with high leverage. Your account manager will give you all the details. He should contact you next week.

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Dollar up to 98.50 as sterling and euro lose

annatimone Posted 30 Oct.  in #Miss Dukascopy 2013 #JPY #USD #Dollar #Euro #Yen #Inflation #Fed #Sterling
Dollar yen got a bit nervy in the seconds leading up to the release, falling to 98.06 but then found it’s stride and has pooped up to 98.50, The euro popped to 1.3785 then dropped to 1.3728. Cable has fallen to 1.6025 but has held ahead of support at 1.6020.
Having done a quick text comparison from last months meeting there’s nothing of note between the texts so it’s business as usual. Nothing on the shutdown or Washington shenanigans and I think they may use this card at a later stage like next…
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Look for a jump in US unemployment on technicalities of

annatimone Posted 30 Oct.  in #Miss Dukascopy 2013 #USD #Trading #Inflation #Economy #Interest Rates #Unemployment #Jobs #Non Farm Payroll
The BLS is out with a technical note regarding the upcoming non-farm payrolls report, due November 8.
This part on the household survey caught my eye:
Workers who indicate that they were not working during the entire survey reference week and expected to be recalled to their jobs should be classified in the household survey as unemployed, on temporary layoff. This would include furloughed federal employees as well as other affected workers. These workers are classified this way regardless of whe…
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Fed says it will await more evidence before QE taper

annatimone Posted 30 Oct.  in #Miss Dukascopy 2013 #USD #Inflation #Economy #Interest Rates #Unemployment #Fed #Housing #Taper
Highlights of the October 30, 2013 Federal Reserve’s FOMC statement:
  • Fed funds rate held at 0-0.25%, as expected
  • Monthly bond purchases remain at $85 billion/month, as expected
  • No change to forward guidance on interest rates
  • Fed says data since Sept meeting generally suggests economy continued to expand at a moderate pace
  • Repeats that downside risks to the outlook have diminished on net since last Fall
…
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mag avatar
mag 30 Oct.

Thanks Anna

geula4x avatar
geula4x 30 Oct.

+1 Liked: Nice summary! :-) IMHO we'll see FOMC effect fade soon, and EUR/USD resume upwards momentum... Happy trading :-)

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What to do with the FOMC announcement

annatimone Posted 30 Oct.  in #Miss Dukascopy 2013 #GBP #JPY #USD #Euro #Market #Fomc #Fed #Eud
We have the usual hyped-up stand-off ahead of the actual announcement. Stop me if you’ve heard this before but I will be waiting to see what actually happens rather than get involved in a crap shoot prior ( and I choose my sporting reference carefully!)
The minutes from the last meeting showed the decision not to taper was a close call but the relevance of this stance has since been reduced/dismissed given the partial US govt shut-down and the less than accurate data releases since then.
So to t…
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stane2405 30 Oct.

my gut tells me that traders will still prefer to sell into that with the uncertainty = SELL WHAT ?? dollar?

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Forex Americas wrap: Nowotny cracks the whipsaw

annatimone Posted 29 Oct.  in #Miss Dukascopy 2013 #USD #Trading #Forex #Oil #Fx #Fed #America #Golf
Forex headlines for October 29, 2013:
• US retail sales Sept -0.1% vs 0.1% expected
• Retail sales control group +0.5% vs 0.4%
• ECB’s Nowotny: No realistic prospect of refi or deposit rate cut
• US October consumer confidence 71.2 vs 75.0 expected
• US Case-Shiller house price index +12.82% y/y vs 12.5%
• US Aug business inventories +0.3% vs +0.3%
• Carney says BOE won’t tighten until ‘real trajectory’ in recovery
• …
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mag avatar
mag 30 Oct.

thanks Anna.

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