Boris and Kathy's FX Blog www.bktraderfx.com
10/09/2006
Today's Email Alerts:
FX Volumes to Double in 2007
http://www.ft.com/cms/s/b26bccf4-57b9-11db-be9f-0000779e2340.html
We are adding to the bigger numbers!
" He said the rise in foreign exchange volumes was being helped by the increase of retail trading activity feeding into the institutional markets, as aggregation of individual investors became a force to be reckoned with. Structured retail FX products will be instrumental in driving volume growth,” said Mr Price, who added that he expected 44 per cent of trading to be conducted electronically in 2007, compared with 40 per cent in 2006."
Alert #1 Stopped on GBP/USD Long
UK PPI data printed way below expectations as drop in commodities caused sharp drops in both inputs and output values and quelled expectations of further UK rate hikes. Cable traded weak as result and took out our stop at 1.8660. We still like the anti-dollar trade but in retrospect the euro would have been a better choice. We are sidelined for now.
FX Volumes to Double in 2007
http://www.ft.com/cms/s/b26bccf4-57b9-11db-be9f-0000779e2340.html
We are adding to the bigger numbers!
" He said the rise in foreign exchange volumes was being helped by the increase of retail trading activity feeding into the institutional markets, as aggregation of individual investors became a force to be reckoned with. Structured retail FX products will be instrumental in driving volume growth,” said Mr Price, who added that he expected 44 per cent of trading to be conducted electronically in 2007, compared with 40 per cent in 2006."
Alert #1 Stopped on GBP/USD Long
UK PPI data printed way below expectations as drop in commodities caused sharp drops in both inputs and output values and quelled expectations of further UK rate hikes. Cable traded weak as result and took out our stop at 1.8660. We still like the anti-dollar trade but in retrospect the euro would have been a better choice. We are sidelined for now.
posted by BKTrader # 10/09/2006 06:42:00 PM 
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