Cool Imoge

Underlying Themes
Yet more television opportunities for those on Capitol Hill as they quiz BP CEO Hayward for a massive seven hours. This after hauling in the bankers et al as they attempt to blame everyone other than themselves on the current mess. Unfortunately it is becoming all too apparent that forefront in many minds are November’s mid-term elections. Meanwhile their suggested solution to the haemorrhaging Government Sponsored Enterprises Sallie Mae and Freddie Mac is to de-list them from the stock exchange. Guaranteeing or owning half of all US mortgages, yet lawmakers are not even discussing what to do with these as part sweeping financial reforms.

What to watch for next week
Sunday the 20th Presidential election in Poland and the runoff of Colombia’s. Monday, the summer solstice, quiet with just Japanese April All Industry Activity Index, May Convenience Store, Tokyo and Nationwide Department Store Sales and UK June Rightmove House Prices. Tuesday April EZ16 Current Account, US House Price Index, May Existing Home Sales, German June IFO and Eurozone Consumer Confidence while UK Chancellor Osborne publishes his emergency budget. Wednesday Bank of England Minutes of its June 10th MPC meeting, BBA Mortgage Approvals, June PMI’s for various European countries, German July GfK Consumer Confidence, US May New Home Sales, the Fed’s FOMC and Norges Bank’s rates decisions (expected unchanged at 0.25% and 2.00%) and Iceland’s too (a cut of 50 or 100 bp from 8.5% expected). Thursday Japan May Corporate Services Prices and Trade Balance, US Durable Goods Orders and Eurozone April Industrial Production. Friday Japan May Nationwide and Tokyo June CPI, US final Q1 GDP and June University of Michigan Confidence Survey while in Huntsville, Ontario, Canada hosts a G8 summit with G20 meeting in Toronto though to Sunday the 27th.

Positioning and Technical Analysis

Things might limp along for another week or so but the ultra-long term trend to lower Treasury yields should continue even further, taking many top-rated borrowers to new records. Sub-investment grade institutions will suffer though as spreads widen, those of suspect quality being marked down well before the rating agencies take a look. Safe-haven Japan and Switzerland should gain, creating headaches for companies and the authorities there, and Gold should remain a popular choice. Eurozone money market likely to fret as one-year ECB loans expire to be replaced by fixed-rate three-month cash.

You left Credit Suisse at the end of 1998 and then arrive at Commerzbank, right?
Yes, in February 1999, having been out of the market for a couple of months. I was somewhat disappointed to have missed the start of trading for EUR/USD!


Tell us how you worked your way up to become head of FICC Technical analysis Research...
I started working for the Treasury department initially covering primarily FX and bullion, then after a few years I was merged into the investment bank. At that time I was the FX technical analyst and reported to the head of FX strategy, but the whole team worked with the FX division. While there, the demand for technical analysis grew and I was asked to increase coverage to include interest rate products and as consequence I gained another colleague to assist me. As I already covered bullion I was asked to cover commodities as well, hence I became head of FICC Technical Analysis Research.


What is the FICC Technical Analysis Research's job?
The group is responsible for forecasting and formulating technical trading strategy globally and covers foreign exchange, fixed Income, emerging markets and commodities.

What about Forex in particular do you find interesting, as opposed to commodities, FI and other instruments under your command?
Of all the markets I analyze - it is FX I enjoy the most. It is simply much harder to do - there is more data to analyze for starters as it trades 24 hours a day, the way it trades in the various time zones can give you early clues of market direction. It is also much more volatile - after all FX participants hold their positions for much shorter durations compared to say stocks or bonds. It is a market which the discipline of technical analysis is ideally suited. Technical analysts are able to use some fairly short term time frames - also most FX participants use charts extensively, so it is in this area where we have most interaction with sales and trading.

'Chart Tarts'? Where that nickname comes from?
A lot of people in the dealing room had nicknames and this was just an affectionate moniker. The team consisted of 3 ladies (which was unusual back then), Tart rhymed with Chart, that's it. I think we were christened the nickname by the FX spot desk.
None of us were offended by it. we all liked it! There was a lot more banter back then, political correctness has killed this, which in some ways is a shame. I remember it being more of a laugh.
If ever anybody said anything that I felt was out of line, I used to wait pull them to one side and quietly explain they had upset me. They were always truly horrified that they had done so and apologized profusely. Once you explained where the line was - no-one ever crossed it!

European markets flat after a positive opening;, Euro and Pound ease
European markets are trading around opening levels after a positive opening, as concerns about debt trouble in the Euro Area are offsetting risk appetite seen in US and Asian sessions. In FX markets, the Euro has eased from multi week highs.

Eurostoxx 50 Index trades 0.10% up after having been moving between positive and negative levels, and the German Dax and the French CAC Indexes trade on a similar manner. In the UK, the FTSE Index trades 0.2% up two hours after the opening bell.

On the macroeconomic domain, Eurozone's inflation has risen 0.1% in may and 1.5% year on year, in line with expectations and decelerating from the 0.5% monthly increase posted in April.

In the UK unemployment data surprised positively, as the claimant count dropped by 3.9K beating experts' expectations of a 20K decline.

Euro pulls back from highs

EUR/USD rally has found resistance at 1.2355, 2-weeks high, and the pair pulled down on early European session, returning to levels below 1.2300, to hit session low at 1.2275, before picking up to 1.2300 area at the moment of writing.

GBP/USD broke lower at European session opening and the pair returned to levels below 1.4800, to hit session low at 1.4750, although, supported by good news from the labour market, the pair has erased loses and trades right below 1.4820 session high at the time of writing.

USD/JPY recovery from 91.05 low on Monday has extended higher on early European trade, and the pair rose to 91.80 high to pull back later to 91.60 area, yet within the 90.85 - 92.10 range for the eighth consecutive day.

'Understanding ourselves helps us understand our trading decisions' – Triffany Hammond
What feeling do you get when you trade Forex?
I used to feel anxious and excited when I had a trade on. That’s a dangerous combination, but I think it is an unavoidable part of everyone’s learning curve. Now, I find it satisfying. I view my dollars-at-risk as my little employees out there working for me. As long as I’ve taken a well planned-out trade it feels right to have my capital at work.
In the larger scheme of things, I’ve learned a lot about myself through learning to trade currencies. Though it has been difficult at times (there’s no harder reality check than a depleting account) I’ve enjoyed that process of self discovery. I still enjoy it…I’m always learning.

So learning is one of the things that attracted you in Forex...
I had been studying the equities markets for years. At first it was kind of a personal challenge. I wasn’t raised in a household that spoke an economic language yet I was fascinated by the marketplace as the underpinnings of our government. Because I had become more and more involved in political issues that mattered to me, I found the Capitalistic Democracy model absolutely fascinating. I was at a fresh crossroads in my life when my kids were growing from toddlers to preschoolers and I realized that I had the chance to refocus my energy on learning something that would broaden me as they headed into longer and longer school days. As it often happens in life, that is about the same time that Forex became available to the retail trader. I was immediately hooked.

Indeed, from the mid-90's, internet opened the Forex market to many more people, including women, by making trading from home possible...

Definitely! I'm one of those women! I knew, when I decided to have children, that I wanted to be at home for them as long as it was possible. I quickly realized, however, that a lot of my self was getting lost in being their Mom. I needed something that was wholly mine and would still help the family. I also wanted something that was going to financially aid other passions I have in my life. Odd school schedules and the need to be available during the day hindered my options. I was really grateful to find trading. It was difficult at first and there were times I wondered if I was just wasting my time. Thank goodness my husband is so supportive and patient because it would have been a lot easier to go get a ‘real job’ that had an immediate, albeit capped, paycheck. I’m very happy I stuck with trading.

Privacy Policy for http://coolimoge.blogspot.com/

If you require any more information or have any questions about our privacy policy, please feel free to contact us by email at satriangidol@gmail.com.

At http://coolimoge.blogspot.com/, the privacy of our visitors is of extreme importance to us. This privacy policy document outlines the types of personal information is received and collected by http://coolimoge.blogspot.com/ and how it is used.

Log Files
Like many other Web sites, http://coolimoge.blogspot.com/ makes use of log files. The information inside the log files includes internet protocol ( IP ) addresses, type of browser, Internet Service Provider ( ISP ), date/time stamp, referring/exit pages, and number of clicks to analyze trends, administer the site, track user’s movement around the site, and gather demographic information. IP addresses, and other such information are not linked to any information that is personally identifiable.

Cookies and Web Beacons
http://coolimoge.blogspot.com/ does use cookies to store information about visitors preferences, record user-specific information on which pages the user access or visit, customize Web page content based on visitors browser type or other information that the visitor sends via their browser.

DoubleClick DART Cookie
.:: Google, as a third party vendor, uses cookies to serve ads on http://coolimoge.blogspot.com/.
.:: Google's use of the DART cookie enables it to serve ads to users based on their visit to http://coolimoge.blogspot.com/ and other sites on the Internet.
.:: Users may opt out of the use of the DART cookie by visiting the Google ad and content network privacy policy at the following URL - http://www.google.com/privacy_ads.html

Some of our advertising partners may use cookies and web beacons on our site. Our advertising partners include ....
Google Adsense
Commission Junction
Widget Bucks
Adbrite
Clickbank
Azoogle
Chitika
Linkshare
Amazon
Kontera


These third-party ad servers or ad networks use technology to the advertisements and links that appear on http://coolimoge.blogspot.com/ send directly to your browsers. They automatically receive your IP address when this occurs. Other technologies ( such as cookies, JavaScript, or Web Beacons ) may also be used by the third-party ad networks to measure the effectiveness of their advertisements and / or to personalize the advertising content that you see.

http://coolimoge.blogspot.com/ has no access to or control over these cookies that are used by third-party advertisers.

You should consult the respective privacy policies of these third-party ad servers for more detailed information on their practices as well as for instructions about how to opt-out of certain practices. http://coolimoge.blogspot.com/'s privacy policy does not apply to, and we cannot control the activities of, such other advertisers or web sites.

If you wish to disable cookies, you may do so through your individual browser options. More detailed information about cookie management with specific web browsers can be found at the browsers' respective websites.

TRANSFORMERS star MEGAN FOX can rest on her laurels — she’s been voted world’s sexiest woman.

The gorgeous brunette topped a poll by FHM readers worldwide to become their favourite girl.

Megan, who stars as Mikaela Banes in the upcoming Transformers 2: Revenge Of The Fallen, was pipped in the UK edition’s vote by Girls Aloud’s CHERYL COLE.

But it is another beauty the 23-year-old is afraid of — actress ANGELINA JOLIE.

Megan said: “She’s a powerful human being, she could eat me alive.”

Megan also scotched rumours that she would play Wonder Woman on the big screen.

She told FHM, out now: “She’s lame — she flies around in an invisible jet but she’s not invisible. I don’t get it.”

She doesn’t need Lycra to be our wonder woman...