Why Buy-Side Firms Need a Custom FX Price Feed
Tight spreads are important, so is deep liquidity, but there are considerably more characteristics to the perfect FX liquidity price feed.
Market Update: October 20
DXY continues to fail at channel resistance and ABOVE 94 is still needed to signal that trend has shifted from sideways to up. Until/unless that happens, be aware of another test of the long term support line near 92.30 (daily reversal support). 2 equal legs down from the 9/25 high would be 92.18. A longer term chart is shown below in order to remind that important support is under the market.
Market Update: October 19
AUDUSD is pressing the center line channel center line again. The risk is for accelerated weakness following a break below the center line. Immediate focus would be the mentioned lower parallel near .6900. A break there opens up the channel extension, which intersects the top side of the trendline from the 2018 high near .6600. Resistance should be .7080s now.
10/15 – AUDUSD broke down and stabilized near the center line as suspected. Proposed resistance now is the 25 line, which has been resistance and support over the last few weeks. That is about .7135. Near term bearish focus is the lower parallel (extended off of the 9/25 low) near .6900.
Calculating Sharpe Ratio in Forex
The Sharpe Ratio is one of the most popular investment evaluation techniques. Follow this guide to use Sharpe Ratio in forex.
Scandex Technical Weekly
DX futures made a 2 bar monthly volume reversal in September. This means that August was a high volume up month and at least a 12 month closing high and September was a high volume down month. This is the first bullish signal since December 2010. UUP ( Dollar ETF) also made a monthly volume reversal. Price history begins in 2007 but this is the 4th bullish reversal since then. The prior 3 nailed major turns. The 2 bearish reversals also nailed turns.
Market Update: October 15 – Antipode Breakdowns
Australia’s All Ordinaries Index (local currency terms) is pressing against the underside of former trendline support. In fact, the rally from 2009 is an ending diagonal (wedge in classical charting) in the 5th wave position. Longer term, the entire rally from 1982 counts in 5 waves. The implication is that a long, drawn out corrective process is underway. Bottom line, the index is into well-defined resistance and I’m looking for price to roll over.
Stocks as Money – Is a New Standard on the Horizon
Central banks have enabled aggressive stimulus deals. There is a concern about inflation. We explore using stocks as money as a possible solution.
Market Update: October 14
The top 3 month EidoSearch is the 3 months leading up to the 1987 crash. This is not a prediction, simply an observation. Getting back to reality, 3428/55 is an important short term zone. The top of this zone is channel support. Weakness below would warrant a bearish position…then see what happens.
cTrader White Label from Scandinavian Capital Markets
When you get a cTrader White Label from Scandinavian Capital Markets, you’ll be cooperating with two exceptional companies. Learn more about the advantages and use cases of a white label forex platform in a wealth management setting.