Forex Crunches for the Weekend – August 20

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This was a week of relative slowdown: the markets slowed down after the madness seen beforehand, and the whole world is slowing down. Nevertheless, this still isn’t a normal August. The markets are now closed and it’s time to enjoy some long term reads, in a variety of forex related topics. Enjoy!

Another thing that will make August interesting is the annual Jackson Hole Symposium next week, where central bankers will meet and speak. Many expect Bernanke to announce QE3 at this event, but this doesn’t seem likely. He preferred to pledge low rates for two more years.

  • Joseph Cotterill shows that one European bank had to get dollars from the ECB at a high rate.
  • Jean-Pierre Chevallier claims that certain banks are deceiving investors with false numbers. One bank was already rumored to have gone under.
  • Matt Taibbi asks if the SEC is covering up on Wall Street crimes during the height of the financial crisis.
  • Mike Kulej states that this calm will not last.
  • Mish shows how the US is actually less dependent on China concerning imports.
  • James Woolley wonders if it is worth trading forex after the US markets open. When do you trade?
  • Andriy Moraru has a an interesting poll, asking how forex indicators work.
  • Michael Greenberg analyzes the new forex requirements by the NFA and states that the NFA actually extends its grip on forex market participants.
  • Francesc Riverola reports that the market madness seen last week sent FXStreet to fresh highs. Also here, a new daily and weekly record was set.
  • Anil Abbak explains about forex regulation in Turkey.
  • Nathan Tucci discusses trailing stops in a video.
Here are some long term articles published on Forex Crunch this week:
Get the 5 most predictable currency pairs

About Author

Yohay Elam – Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I’ve accumulated. After taking a short course about forex. Like many forex traders, I’ve earned the significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I’ve worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.