ES:
A small token of appreciation from an ET reader who finds your various carry trade journals very informative and educational.
Given the changes in the currency landscape in the last few months, would you care to update the performance reports of your carry baskets when you've a spare...
REVISED (30 minutes after original posting):
USD/CAD dropped quite dramatically shortly after 3pm on Friday. Coincidentally, this was just after pit trading in currency futures ended and futures margin requirements reverted from intraday to normal levels.
Does anyone see any "tactical"...
USD/CAD dropped quite dramatically shortly after 3pm on Friday. Coincidentally, this was just after pit trading in currency futures ended and futures margin requirements reverted from intraday to normal levels.
Does anyone see any "tactical" explanation(s) for the drop?
- Stop hunting?
-...
Thanks, late apex, for your helpful pointers, especially the intraday implications in #3. At the moment, I do very little daytrading, which perhaps explains my personal mental bias.
This is an attempt to estimate the cost differences for investors between Hotspot retail and Oanda.
Rollover
Hotspot's daily rollover costs seem to be slightly lower.
Two examples below:
long 100,000 EUR/USD
Hotspot
daily forward point: 0.85 pip = USD 8.50
Oanda
EUR bid: 2.35%...
Hi late apex
Indeed...
When the time is right, would you mind saying a few words about the raison d'etre (statistical, technical, fundamental, or otherwise) behind your GBP/USD trade, in particular?
Thanks in advance!
Many thanks for your insightful explanations, late apex, esp. that relating to arbs' modus operandi.
The CME "How to Use" page is also helpful, particularly the "user entered forward points" part. I shouldn't have overlooked this page...
The FEnews article is very clear indeed. Thanks for...
The clarity in your explanations is remarkable, late apex!
Would you happen to have a link to any online reference explaining what bid and offer interest rates are used in calculating Globex currency futures prices, and how futures and spot price convergence works?
I've also tried to look...
2cents:
Thanks for the many helpful pointers and examples, especially the practical discipline-related ideas (like the time-box suggestion).
As a matter of curiosity, do you specialize in day or swing trading, or do you find longer term macro trades (eg, a current Kiwi short or NZD and AUD...
taboni:
Thanks for clarifying my second point, which is confirmed upon reading "Dealing on Existing Prices" in Hotspot's manual. I misunderstood the situation, indeed.
2cents:
Thanks for the pointers.
In your judgement, would it be fair to say that both first- and second-tier PBs...