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16/44
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Macron a 39-year old former investment banker won a decisive victory on May 7. He gathered more than 66% of the French vote against far-right’s 33.9%.
He now tackles a battle to gather a parliamentary majority in National Assembly elections on 11 and 18 June.
Macron worked for Hollande from 2012 to 2016, first as a senior adviser and then as economy minister. Opposition from Hollande’s Socialist camp forced Macron to backtrack on his ideas and proposals.
He resigned as economy minister and branded his fledgling political movement, En Marche!
A historical perspective offers similarities among Macron’s election and Napoleon’s arise to power.
During the French Revolution, from 1795 to 1799, the army led by Napoleon Bonaparte was nearly unstoppable. Brilliant victories brought him recognition, wealth and support.
Hearing of instability in the country, Napoleon deserted the battle field and headed back France. When returned, he overthrew the Directory (a committee which governed France from 1795 to 1799) and dissolved the legislature.
He instituted himself as first consul and the leader of a military dictatorship. Napoleon effectively ended the French Revolution.
Macron glimpsed Na…
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FXNOAD avatar
FXNOAD 30 June

well written

kolyanchik1219 avatar

good job!

samir_valiyev avatar

very important article

AngleRMS avatar
AngleRMS 2 July

Good job

olya2517 avatar
olya2517 2 July

very nice

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2/53
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INTRODUCTION
In this article I would like to highlight some aspects of European history. Few people know that in Europe a long time ago, "the common currency" was already in existence before the advent of the euro. You may have guessed that we would talk about the ducats.
WHAT IS THE DUCAT?
Ducat (Dukat, Italian - ducato) is the name of silver (from 1140) then gold (since 1284) coins, which were first introduced in Italy and later became available in other European countries. While ducat is called high-grade gold coin the first ducat was silver coin. It can be said that ducat is the standard of gold coin weighing 3.5 grams of pure gold. Weight and quality of ducats were maintained unchanged for over 700 years.
THE FIRST DUCAT
The first ducat (Ducal) was released in Sicily in 1140. On the coin was the figure of Christ, and the legend was: «Sit tibi Christe datus, quem tu regis iste ducatus» (see image 1). From the last words of the legend was occurred the name of a coin - ducat.
Image 1
In 1202, in Venice, was launched the minting of silver ducats - "Matapan" with the image of Christ on the throne, and the Doge receiving the flag from the hands of St. Mark on the reverse (see image 2)…
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khalidamassi avatar

interesting

9jakas avatar
9jakas 7 Aug.

good history

al_dcdemo avatar
al_dcdemo 14 Aug.

Although I knew they used gold coins in the past, I never looked at it from this angle - that there was a common currency around long before Euro. Interesting and very well written!

setinin avatar
setinin 26 Aug.

To know history is very usefull fo traders

BeautybyLesya avatar

Great article!

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26/38
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In the near future, perhaps we will see the nice big face of Angela Merkel in the 1 euro coin?


In this article, which is composed of 4 parts, I want to focus on what the EBC could do in the coming months to try to get out of the crisis which is stagnant in europe.
Mario Draghi spoke last conference of non-conventional measures, implying that the ECB would take into consideration the QE.
We see in this first part, what is QE?
Stripped of jargon sophisticated (and mystifying), the QE (quantitative Easing, QE) simply means increasing the quantity of money supply, or easing credit conditions in the hope of stimulating the economy stagnant. It is usually performed by injection by the central banks of a certain amount of money into the coffers of commercial banks in exchange for its financial assets, which consist largely of government bonds. Although typically is done electronically or on paper, its practical effect is identical to that which is obtained by printing money.
This would be an expansionary monetary policy designed to aid economic recovery. The rationale behind this policy is that the addition of new funds to t
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19/40
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In their “Monetary policy assessment of 14 March 2013”, the Swiss National Bank (SNB) decided to leave the exchange rate of CHF 1.20 per euro unchanged. The SNB said that “the minimum exchange rate is an important instrument in avoiding an undesirable tightening of monetary conditions. The SNB will therefore enforce this minimum rate with the utmost determination and, if necessary, is prepared to buy foreign currency in unlimited quantities for this purpose.” Last summer the SNB was a key mover of the global forex market. It was known to be buying tens of billions of euros each month, hoping to keep the franc weak to protect its exporters in the face of inflows from spooked overseas investors at the height of the eurozone crisis in May. Rumors abounded among forex investors that the SNB was buying Swedish krona and the Australian dollar. Bankers said there had been days when the SNB was the biggest single buyer of Australian debt. Figures released by the SNB later in the year confirmed the rumors; the proportion of “other” currencies on its balance sheet – the Australian dollar, Swedish krona, Danish krone, Singapore dollar and Korean won – rose. The IMF is considering switching CA…
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Arenoosh avatar
Arenoosh 25 Mar.

thank you for your feedback

Efegen avatar
Efegen 28 Mar.

You were right and you are goin to be right.

Arenoosh avatar
Arenoosh 28 Mar.

@Efegen when I published this article the usd/chf rate was arround 0.9380. If someone went long on this pair after reading my article, now he would have +160 pips and I think by the end of the contest might be +200 pips.

Arenoosh avatar
Arenoosh 28 Mar.

Now I have one more reason to be long USA. Even if, this year, we didn't had a spectacular oil prices evolution we do have something: the gap betwen WTI and BRENT is reducing and that means investors are working with the assumption of a better performance in relative terms of US economy because we all know that WTI is a benchmark for the US while BRENT is a benchmark for Europe and Asia. For 2013 I would be long US stocks, and usd vs G7/G20 currencies.

SpecialFX avatar
SpecialFX 29 Mar.

Very detailed article mixing a lot of different types of analysis, I liked it a lot :)

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8/51
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____________________________________________________________________________________Throughout this I will try to answer the question that is really troubling everyone in the financial world, and that is whether or not the worldwide economy has finally stopped worsening and will start to rise again.I'll start by showing charts of global Equity indices now I'm sure I don't need to explain how these can be used as barometers for the health of the economy these are derived from. Because of this these are a good place to start as it "should" show how different regions are performing relative to others.S&P500 5yr chart - Thomson ReutersIBEX 35 5yr Chart - Thomson ReutersDAX 30 5yr - Thomson ReutersShanghai Composite 5yr - Thomson ReutersIt is clear from these 4 selected regions that there are 2 clear winners and 2 clear losers; US and Western Europe (Germany) are performing very well where as China and Spain aren't doing very well at all.Now lets see if these values are fair or should they be very different. I will start with the housing industry. a section of the economy that many people believe to be the most important indicator for growth and health of the economy. __________________…
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scramble avatar
scramble 14 Feb.

nice article as always, and interesting topic! when looking at these numbers always a question come to my mind: why euro is still so much stronger than usd? i really can't find any kind of fundamental reason allowing such a difference (more than 30%). :)

doctortyby avatar
doctortyby 18 Feb.

You seem to be one of the most complex traders in this community and I respect that. As fr the Bottom of the Economy, I think this is just the beginning, because the stimulus measures from the central banks corraborated with the enormous international debts of the strongest economies(most of them have a debt higher than 80% of GDP) will generate even tighter budget cuts and tax increases like we are able to see in the US these months. One thing is certain : Global Economy will never be the same as before. The real question is: What is it evolving into?... What will be the alternative?...

AdrianWS avatar
AdrianWS 18 Feb.

Thank you for your kind words :)

And yes, the Global economy has shifted into something completely different thing which not even the head of Goldman knows will look like for another 10 years. The large debt is of course a worry and should not be underestimated like it is from some (krugman) and it will make growth very hard for the G20 nations over the coming decade.

Frankly I feel like we've past a point of no-return with the global economy and while it may improve short term the longer term picture isn't so rosy.

scramble avatar
scramble 19 Feb.

i agree. i will be expecting a clear change during this year between the 2nd and the 3rd quarter. definetly things can't keep going like this forever..... i hope! :) hey, noticed you ready with some live webinars! that will be very interesting :)

OneGoodTrade avatar

It's more like an answer then a question ... and I agree with it. +1 for a good article and A+ for your original idea.

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20/43
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Introduction:The Australian Dollar is perhaps one the most popular pairs for traders, its nature is fairly simple and provides good opportunities for scalpers and swing traders alike. Crucially in this world with no yield, AUD can pocket you ~3% a year, great for some investors.Because of this yield, the AUD is very prone to changes in risk sentiment and therefore on an intra-day basis is highly correlated to US and European Stock indices. However, the most alarming thing about this pair is the lack of activity in recent weeks, especially since the start of October where the average Rate of Change has been under 1% per day. This compared with the same time last year where there were times of +2% per day.Long Term:As shown here, AUDUSD is at a crucial checkpoint, as in the next few days to weeks the Aussie will breakout and set the trend for the next 6 months or so. While technically the trendlines are neutral there is a bearish divergence suggesting there is a greater chance of a downside move. However this is entirely subjective to the moves that will be see is US equities. More so a member of the Reserve Bank of Australia (RBA) has said this;RBA John Edwards - " The currency is m…
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AdrianWS avatar
AdrianWS 17 Dec.

Price action is still in consolidation, the levels mentioned above are getting even more crucial, furthermore on a side note AUD CoT positioning is extremely long which means a sharp fall in risk can cause some heavy long covering and stop tripping.

AdrianWS avatar
AdrianWS 26 Dec.

AUD broke down lower - but has stalled at 50% fib level and has held 200MA this is likely to be the case until Next year. So 1.043 seems like a decent target as that's a monthly pivot and as such could be a good way to end December.

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40/68
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Between problems in Europe and problems in the US the EUR/USD currency pair has it's fair share of up's and down's. Troubles with the European Union namely Italian and Spanish bond yields coupled with a Non Farm Payroll miss in the US means traders of the pair have some big decisions to make. Friday, after the jobs number came out the reaction was clear, Euro up, Dollar down which was strange to some as the US index futures were taking a hit at the same time the dollar was. This was a product of a reversal in the trend of US dollar inflows supporting the dollar recently. The US was the least ugliest duck in the pond so money flowed in to buy US assets. The recent rise in Spanish bond yields is the real culprit I suspect though. The US jobs number was just the straw that broke the camels back. That will make the pressure to raise Euro's stronger than the pressure to raise dollars in the coming week as a lot of the inflow into the US came from Europe.. Also the likelihood of more US QE should weaken the dollar across the board.  A look at the pair on a monthly chart shows the roller coaster ride traders have been on for the past 3 years. . Notice the last two months on the chart show…
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