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CashBackForex - Often Imitated, Never Duplicated!
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Entries for 'Ralph Shell'
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Replacements for Unpopular Greek and Italian Politicians Selected
By Ralph Shell | 1:22 PM Nov 10 2011 | 2018 Views | 0 Comments | 
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Equity markets are relieved and the selling has abated in the euro as replacement candidates have emerged for the unpopular and departing Italian and Greek PM's. In Italy, their President Giorgio Napolitano has recruited Mario Monti, an Ivy League trained economist, as the new leader of the em...
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Is There a Chance Britain Will Cut the Bank Rate?
By Ralph Shell | 12:15 PM Nov 09 2011 | 1794 Views | 0 Comments | 
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Interest rates in Italy are now soaring, above 7.5% for both 5 and 10 year paper, a level usurious for sovereign nations. For Italy, a nation of 61M people lugging €1.9T in debt this is a major problem, especially when you need to refinance about €25B per month. When will the ...
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What Problems Would a Greek Default Cause?
By Ralph Shell | 11:16 AM Nov 09 2011 | 2061 Views | 0 Comments | 
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It is hard to imagine all the difficulties departure from the euro would cause. Robert Jenkins, a member of the interim financial policy committee of the Bank of England, has written an interesting article:
Greek default within the euro is the only real option
This article, published ...
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Is the Australian Dollar Poised for a Rally?
By Ralph Shell | 1:37 PM Nov 08 2011 | 2177 Views | 0 Comments | 
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Currency market news has been focused on Southern Europe, primarily Greece and Italy, as both countries debate who will be the captains of their respective sinking ships. Merely replacing Berlusconi with a new PM will do very little, but may
give the markets a temporary risk-on rally.
Th...
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Europeans Searching for the Answers
By Ralph Shell | 12:48 PM Nov 07 2011 | 2052 Views | 0 Comments |
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On one of the prior weeks summit meetings, French President Sarkozy expressed his displeasure with British PM Cameron for always telling the Europeans what to do. This has not stopped the PM from continuing with his advise. At an address to Parliament today he told EU members to "sort yo...
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Euro Stumbles as G 20 Solutions Remain Elusive
By Ralph Shell | 12:08 PM Nov 04 2011 | 1995 Views | 0 Comments |
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The German French alliance continues to set the agenda for the 17 member single group. The Greek PM was taken to task for the foolish notion that the people of Greece could vote in a referendum on the prescribed fix for the countries overspending. Faced with the threat to with hold the n...
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Currency Markets Searching for Clarity
By Ralph Shell | 3:16 PM Nov 03 2011 | 1966 Views | 0 Comments |
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Will the latest summit in Cannes, France for G 20 members provide closure for so many unsettled issues? Don't bet on it. The wheels of economic change move slowly. It took years, decades, of borrowing to pay for the deficits that got us in this mess. Another summit including some o...
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After the Intervention What is Next for the Yen?
By Ralph Shell | 12:15 PM Nov 02 2011 | 2098 Views | 0 Comments | 
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The trading week is only about half over and already we have had two major events, injecting volatility into the forex markets. The grand plan to fix the euro, the banks and the sovereign debt crisis, carefully designed to protect the interests of the French and Germans, is becoming unraveled....
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Australia Cuts Bank Rate-More to Come?
By Ralph Shell | 12:51 PM Nov 01 2011 | 2269 Views | 0 Comments |
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Equity and currency markets have been battered with a steady stream of negative news. The euphoric reaction to last weeks grand scheme produced by the European leaders is now being revealed as folly.
Equities are in retreat. Perhaps the hardest hit is the Italian market where the FTSE...
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Yen Weakness Looks Like Intervention
By Ralph Shell | 9:37 PM Oct 30 2011 | 2005 Views | 0 Comments |
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There is no confirmation yet, but after a stronger opening versus the USD, it looks like there is again intervention by one or more parties, selling the yen. It is interesting to note this comes after massive spec buying in the yen, revealed in last week's COT report.
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Specs Sold US Dollars, Bought the Yen Latest COT Report Reveals
By Ralph Shell | 1:05 PM Oct 29 2011 | 1963 Views | 0 Comments | 
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Speculators were active sellers of the USD versus other currencies, it was revealed in the latest COT report. The total net speculative long was reduced from 211.140 contracts last week to 135,412 contracts in the latest report. Since the close ...
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Will This Week's Currency Gains Continue Next Week?
By Ralph Shell | 12:22 PM Oct 28 2011 | 2105 Views | 0 Comments |
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Will this week's euphoria from the European ministers settlement of debt related issues carry over, and produce gains next week? The boost this settlement has given to the equities market has been noteworthy. Forcing the private sector banks to take a "voluntary" 50% write down, and then...
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Equities, Euro Soar After European Ministers Strike a Deal
By Ralph Shell | 12:49 PM Oct 27 2011 | 2573 Views | 0 Comments |
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My old boss, the late Loren Johnson, a superb global cash grain and futures trader, once told me traders will "trade first and analyze later." This, perhaps, is the response to the latest European summit. The European equity markets are soaring. Leading the advance is the French CA...
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EU Summits Helps Volatility-Time to Buy the Loonie?
By Ralph Shell | 1:35 PM Oct 25 2011 | 1935 Views | 0 Comments |
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Back in the old days, before 24 hour news, the internet, the destruction of the Berlin Wall, and the dissolution of the Soviet Empire, summits were a very big deal. Anticipation of the outcome from a summit could make markets quite nervous. Then, one of the rules of diplomatic summitry was tha...
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Stories Suggesting a Euro Solution Help take Markets Higher
By Ralph Shell | 1:17 PM Oct 24 2011 | 2583 Views | 4 Comments |
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Rumors continue to circulate. There will be solutions found for the euro debt crisis. Some of the rumors, formerly denied, have resurfaced. An example is the expansion of the EFSF fund from €440B, to a multiple thereof has returned. After having been firmly denied by the Germa...
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An Article Currency Traders Should Read
By Ralph Shell | 7:05 PM Oct 23 2011 | 2190 Views | 0 Comments |
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Ambrose Evans-Pritchard is a reporter covering global economic events from London where he writes for The Telegraph. He is experienced and insightful, and provides an objective overview of confusing economic cross currents.
His article published Oct.23rd, 2011 in The Telegraph, "World power...
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A Brief Review of the Week's Currency Trade
By Ralph Shell | 12:23 PM Oct 21 2011 | 2396 Views | 0 Comments | 
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The euro has been meandering sideways for the past seven sessions, Optimism that solutions for the multifaceted euro problems will be forthcoming from the continuing meetings, seems to be keeping the market strong.
There seems to be a risk for all market participants. The Europ...
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Currency Markets Jittery, Awaiting European News
By Ralph Shell | 12:53 PM Oct 20 2011 | 2502 Views | 1 Comments |
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It is always interesting to read stories in the financial press, when they report about market movements in the currency markets. Recently the progress, or lack of, in the European debt negotiations has been credit for most of the moves.
Granted the currency trade is not visible.&nbs...
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Shortcuts and Syndication
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Author Bios
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Ralph Shell: Ralph did his graduate studies in economics and history at Duke University. He has ten years experience trading cash commodities in domestic and export markets and is a former commodity analyst with Merrill Lynch in Chicago. He was a member of and floor trader at the Chicago Board of Trade for 18 years.
Forex Captain: The Forex Captain has been a strategy developer and forex trader since 1998. From 2002 till 2009 he ran a successful managed account based on his tradestation coded strategies at FXCM. In 2007 his managed fund was ranked in BarclayHedge Rankings as one of the Top 10 Currency Traders managing less than $10M & more than $1M. Since 2009 he has been developing Expert Advisors in MQL4 for private trading, and from June 2010 he has joined the Project Triumph team as a currency analyst and project manager.
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