Discover and read the best of Twitter Threads about #fx

Most recents (8)

1/5 A currency #crisis in 2018 opened the door for Turkey’s government to clamp down on financial markets in a way that turned inward the largest #economy in the Middle East, and spooked off foreign investors: reuters.com/article/us-tur… (thread)
2/5 President #Erdogan and his deputies say the measures, including tapping central bank legal reserves and regular #FX interventions, were needed to stabilize the #lira and boost growth – and they have had some success graphics.reuters.com/TURKEY-ECONOMY…
3/5 The investment impact in #Turkey has been dramatic: foreigners now hold only 8% of Turkish debt and mostly missed a once-a-decade bond rally, while non-residents sold a net $3.3 bln last year fingfx.thomsonreuters.com/gfx/editorchar…
Read 5 tweets
1/ Thanks for voting.

First 5 minute of the new hour candle seem to have higher volatility according to initial research.

So I went down a level and checked 1min candles.

This is the aggregated result for 9 FX pairs+ #WTI + #XAUUSD for last 18 months.

#umrstats
2/ Despite ignoring outliers, you can see that in aggregate, first minute seems to have higher volatility than the rest.

Another interesting observation is that second highest volatile 1min candle is 16th min and third most volatile candle is 31st min.
3/ This was a bit surprising.

I mean... for markets as mature as #FX it is a big thing to have such a repetitive profile ... only thing which came to my mind was that despite trying to ignore extreme outliers, these minutes are still picking up effects of smaller risk events.
Read 7 tweets
Rabobank 1/4: Expectations that the Federal Reserve is on the brink of cutting interest rates combined with forecasts that the Fed funds rate could be significantly lower by the end of the last year have unsurprisingly knocked the USD in recent weeks.
Rabobank 2/4: That said, the outlook for the greenback is complicated by a number of other factors. Firstly other major central banks are also pursuing accommodative policy settings. This should dilute the impact of lower Fed rates on the USD.
Rabobank 3/4: Additionally, slowing world growth and geopolitical risks are likely to stymie appetite for risky emerging market assets. As long as confidence in EM is shaky, there is good reason to expect the USD to find solid support.
Read 4 tweets
The HMF stated that through the implementation of the ERGP developed in 2017 by President @MBuhari’s administration, the Nigerian economy has achieved 7 consecutive quarters of GDP growth since exiting recession. #FinMinNigeria #ERGP
According to HMF, GDP grew at an annual rate of 1.93% in 2018 compared to 0.82% in 2017 representing an overall increase of 1.11% year-on-year. #FinMinNigeria #GDP
As part of President @Mbuhari’s administrations successful effort to diversify the economy, and deepen non-oil economic performance, the HMF reported a non-oil GDP growth of 2.70% as at Q4 2018 representing a 0.38% increase in growth compared to Q3 2018. #FinMinNigeria #Revenue
Read 6 tweets
@Halsrethink @RemainSovereign @TFMetals @BullionStar @jameshenryand @michaellebowitz @dlacalle_IA @DA_Stockman @RonPaul @RonPaulInstitut @MarkTOByrne @MarkYusko @ErikSTownsend @AndrewBellBNN @realDonaldTrump @LouDobbs @Varneyco @MariaBartiromo @gatewaypundit @JeffSnider_AIP @TruthGundlach @epomboy @PaulCraigRobert @LanceRoberts @TheBubbleBubble @POTUS @TayTayLLP @ronanmanly @jimiuorio @MoneyMetals @stranahan When a central banker or economist mentions 'stimulus', they are talking about diluting the currency through debt currency issuance - to create REAL GROWTH.

This is the insanity & silly talk promoted by central bankers globally.

Nobody asks the question.

#centralbanking #gold
Read 55 tweets
@INETeconomics By a chance, the article saying #MMT "theorists ignore how their policies could hurt developing countries" places #Ukraine currency #hryvnia (notes of 20 hryvnia's) as its cover picture.

1/n
@INETeconomics Btw, another time when #MMT-related literature opted by a mere chance to associate itself with #Ukraine's currency was the book 'Can "It" Happen Again?' written by Hyman Minsky (2nd ed published in 2016).

This time there is a jar of coins 5 kopecks each (5 #копійок).

2/n
@INETeconomics I am #Ukrainian, having a 22-year experience in the Ukraine's financial sector (1995-2017) and working full-day jobs first as bank officer doing debts/credits and then as research economist. I worked in the banking sector as well as in the non-banking financial sector.

3/n
Read 31 tweets
In progress. Rancang trade anda.
Update progress.
Done close all position. Start trade from Thursday close position friday. Only 2 days.
Progress 2 acc.

See u next week chart.
#fx #trader #accbilis #learnfromzero #dreambigstartsmall

(berminat untuk invest pulangan 5%-10% setiap minggu? Minimum 500usd. Berminat ws 0123671658)
Read 3 tweets
Good thread on manipulation, though those are NOT "market maker's techniques" as @StartaleTV claims, but general manipulation methods available to all. Thread also confuses Market Makers with Funds, which are different things.
By the way, manipulation is over-rated. Investors and traders that lost money only have themselves to blame, and not "manipulation".
There are exceptions, where clients get taken advantage by market makers executing their orders. This is a great example. justice.gov/opa/file/87742… #FX #Manipulation
Read 3 tweets

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