A UNIQUE TAKE ON THE FX MARKET FROM A UNIQUE FX BROKER CTRADER | FIX API | PAMM | CUSTOM LIQUIDITY

Mr. Markets

The guy... err PIG, that has 'all the answers'. Seriously, every single answer, he has them, all tucked away in his treasure trove of a brain. Ever wonder why the market seems to turn a pipette before your take profit is triggered? Ever wonder why as SOON as your stop loss is hit the market breaks 'the RIGHT way'? Yeah. He knows. He IS Mr. Markets after all.

No Idea? Blame Brexit!

‍Even in the summer, markets are driven by a multitude of factors. The only issue is that there are not as many people to take advantage of any moves or sufficient analysts to, well, analyse. So, what happens? We decide to blame the lowest common denominator and there is no lower or more common denominator than Brexit.

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Back to Basics

It’s about making money, isn’t it? Open any FX news and views website or look at any social media site and what do you find? A new way to trade foreign exchange.

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Euro Edges Higher

EUR/USD has edged higher in the Wednesday session. Currently, the pair is trading at 1.1840, up 0.33% on the day. On the release front, Eurozone PPI declined 0.1%, matching the estimate

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The Return of the Spread

The Fed, (it's always the Fed isn’t it), were the first to hike rates back in December last year. Ostensibly they were trying to stay ahead of the curve (using the literal rather than the generally accepted meaning of the phrase) but, in reality, they were trying to take a little steam out of the stock market where cheap money had seen it rise by 30% in under three years. Remember “irrational exuberance?”

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Loner or Socialite?

‍Social media sites like Linkedin or Facebook are full of traders telling us how wonderful they are and they have discovered Alchemy or the Holy Grail. If, like me, you are intrigued by what other traders are thinking and build that into the fabric of your trading style, then...

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A Little Perspective Please

Banks are seen as the enemy because they don’t “comply”. Yes, it may appear that they are hunting out stops and generally ruining the market for the “little guy” but that is definitely not their intention.

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Doves Become Hawks

Interest Rates are Back! Since the Global Financial Crisis, Central Banks have taken a back seat allowing their stimulus packages to talk for them. Buying assets, debasing the currency and generally doing very un-central bank things led us to believe that the market had won. But, now they’re back. And I for one am pleased to see them

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OLD PIG... NEW Tricks

A whole new world has opened; Breakouts aren’t something that happen to a teenager before his first date. Doji’s aren’t found on the menu at Yo Sushi and Morning Stars occur at all times of day… (imagine me wide eyes staring comatose into my screen).

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Central Bankers; Friend or Foe?

Advance Guidance or Advance misguidance... When Janet Yellen tells us that the future path of interest rates is dependent upon data releases traders are entitled to take that as a policy statement. When subsequent data is below trend or doesn’t comply with expectations...

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Are you a Fox?

Or a Sheep? The problem with the FX market is that we are all looking at the same thing. That is fine provided we are prepared to look at it in a different way. As Einstein said, “education is what remains after one has forgotten what one has learned in school.”

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Timing & Patients…err Patience

Don’t ignore what’s RIGHT in front of youThe other day I was chatting on Skype with a friend of mine as the news came over the wire that UK GDP had seen a larger than expected drop.“I’ll let you go. I’m sure you want to get involved”“No mate you’re OK nothing happening initially so I reckon the market is going to ignore […]

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The Great Unknown

Global Leaders…...Really A subject I may have hit upon before is the fact that no matter how hard you stare at a chart it isn't going to tell you when a snap election is going to be called in the U.K. or Donald Trump is going to do something un-Presidential and possibly illegal. Politics have been the major driver for […]

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EYES WIDE SHUT

The Market is <i>NEVER</i> easier to read beneath 400 moving averages, 12 Fibonacci studies, and 343 different trendlines.FX traders who spend their lives poring over charts in dark basements lit an array of two three or even four glowing screens are missing the whole essence of the market. Technical analysis isn’t and […]

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Back-Seat Drivers

Who is driving this market? The whole dynamic of the Foreign Exchange Market has changed over the past few years, this change has been been driven, almost exclusively by liquidity. Direct evidence of this can be found in the ever rising daily turnover estimates. In 1980, global trade (according to the WTO) was almost two […]

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Whatever Floats Your Boat

How do you take your news? You don’t need a degree in marketing to know that sex sells… A simple google search will give you all the evidence you need, too much most likely. Myself? I prefer to get my economic reports the old fashioned way, from a monotone guy in a jacket, preferably with a tie on... and absolutely fully […]

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Only the Strong Survive

Politicians come and go; Economies survive So, we have a 'snap' election in the U.K. The ruling Conservative party is behaving at its most beastly, that is according to the Socialists and Anarchists, in kicking the opposition Labour Party while its down. Labour has no credible leadership, no credible policies, and no […]

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Why can’t we all play nicely?

Antipathy towards banks is unwarranted Talking to retail FX traders one thing always comes across to me. There is a general antagonism towards banks. This could be jealousy, it could be an inferiority complex, it could even be a feeling that the market is skewed towards banks and their ability to almost print money.It never […]

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The Ultimate Manipulation

Currency manipulation becomes Currency misalignmentHands up if you remember when intervention in the FX market was a common monetary policy tool? Intervention is the most blatant currency manipulation weapon available to Central Banks. There is a mountain of economics professor ‘jargon’ that surrounds intervention. The web […]

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Br...WHO CARES...

Brexit, Smexit, Market Movers have been having their way with other people’s money LONG before the vote and this is something that is NEVER going to change. Take a look at this chart: Go back to 1973/74 and you will notice a major dip! This chart shows the performance of various U.K sterling based assets since 1950. If you […]

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Trump Catches a Cold

Healthcare Bill pulled before vote. It happened late, too late for the market to react, but Donald Trump suffered the first major setback of his Presidency late on Friday evening.The roll-back of Obamacare, the healthcare initiative voted into law by President Obama and his merry bunch of Democrats had been the number one […]

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Hatches Held Firm

A two week supposedly definitive period which was supposed to provide sufficient guidance for traders to feel confident passed by with several questions unanswered. Obviously, we need some PIGs working in government to get that transparency bar off the floor...There were three major events in the past week that drove market […]

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The Eye of the Storm

We are halfway through the so-called perfect storm, and we are thrilled to see all our partners have lived to fight another day. You know, PIGs are pretty smart, I am sure we covered that one before, and of course loyal, this one goes without saying, considering the level of support we provide on a wide array of markets and […]

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Hatches Firmly Battened

The market is entering into a “perfect storm” where a number of factors will drive volatility. FXPIG will remain by our partners' side throughout... did we mention that PIGs are loyal? Yeah, we probably did, once, or maybe twice.Economic, Political and Interest Rate decisions are set to provide guidance to a market that has […]

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Man’s Best Friend?

At FXPIG we believe there is always something to say about the market even if ranges are narrow, techs are neutral and Trump isn’t on a tweet storm. Liquidity. The trader's lifeblood. Don’t be misled into thinking it will always be there. Like your best friend, you will miss it terribly when it's gone! The advent of […]

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