|
Elevated volatility across all major asset classes continued this week as the debt crisis on either side of the Atlantic, combined with slowing economic activity, left everyone on the edge. The market is currently trying to work out whether some economies will move back into a double dip recession which will be bad news in [...]
High frequency trading hedge funds were the stars of the volatility fireworks in this past week. The sheer explosion of volumes, the price action and the relentless rumour-mongering in a traditionally slow trading period are a trademark of this bunch. The resulting short-term ban on short selling introduced by France, Italy, Spain and Belgium may [...]
A look into the market volatility reveals forex movements are about half as volatile as the stock market. Therefore, choose to trade a pair that meets your volatility appetite. The crash in stock prices we have seen in the past 2 weeks has created a significant increase in volatility. For the past 3 trading days, [...]
USD/JPY has been getting “the jitters” lately as traders aggressively push the pair lower. However, these traders are having a “nail biting” experience right now because USD/JPY is now in the “intervention zone” (the area that the Bank of Japan started intervening in the currency market last time). It’s caused a lot of craziness in [...]
Meanwhile, we are no further along in the debt ceiling talks here in the US, which adds additional uncertainty to the mix and makes for a risk-averse investing environment. As we would expect in a risk-averse environment, gold is reaching new nominal all-time highs, trading over $1600, as the additional threat of QE3 has the [...]
Just yesterday, I was talking to my kids about reputations. I told my sons it takes a long time to build up a reputation but it only takes one act of stupidity to destroy it. Unfortunately, in life, most things are like that. The good things worth having always take longer to achieve. Well, financial [...]
In Canada, there are too many poor people. The country that often likes to congratulate itself can’t take comfort from an inescapable fact: We’re becoming a more unequal society. Legislative committees and think tanks sometimes work on poverty, but, for the general public, income inequalities are consigned to the dead-letter box in this apparently conservative [...]
News in the US today has the Republicans largely going through the political motions of introducing a bill on the debt ceiling debate that will be vetoed by the President if it passes the House, but rumors of a “secret meeting” taking place have raised hopes that a compromise can be reached. The global markets [...]
ATM VOLATILITIES Pair Spot 1w 1m 3m 6m 1y EURUSD 1.4298 (-0.90%) 12.85 (+0.85) 12.68 (+0.18) 13.1 (+0.2) 13.5 (+0.3) 13.9 (+0.2) USDJPY 81.09 (0.71%) 10.3 (+1.4) 10 (+0.1) 10.55 (+0.1) 11.5 (+0.1) 12.65 (+0.1) GBPUSD 1.6463 (-0.90%) 9.12 (+0.62) 9.05 (+0.05) 9.65 (+0) 10.25 (+0.1) 11.05 (+0.1) AUDUSD 1.0704 (-1.20%) 11.5 (+0) 12.1 (-0.15) [...]
Sony Corp. (6758), besieged by hackers since April, considered its PlayStation Network an unlikely target even after threats by the online collective Anonymous and three separate security incidents in 2008. The hacker group declared in April that it would wage a cyber war against Sony for trying to stop people from tinkering with the PlayStation [...]