Wednesday Brief: 5 Things Traders Need to Know Today
- A number of indicators are pointing to a global economic recession, despite the recent vitality being returned to Chinese equity markets.
Quote of the Day
"Adventure is not outside man; it is within."
- George Eliot
5 Things You Need to Know Today
Now is NOT the Time to Start a Shipping Company. The Baltic Dry Index, which measures shipping costs, reached an all-time low. China's economy is slowing. Demand for shipping is down. Many analysts worry that this is a sign that the entire global economy is set for recession.
The Entire Global Economy Is Set for Recession. Concerns about unrest in the Middle East, plus a poor showing in the Asian stock markets, coupled with a number of made-up reasons, has brought strength to the Japanese Currency. The yen is a safe-haven currency and when the global economy hits the proverbial fan, it goes into orbit.
Jeff Bezos Went into Orbit. Blue Origin, backed by Bezos, flew into orbit, returned to earth, and landed on its pad. Then Mr. Bezos jumped on Twitter for the first time to gloat - of course Elon Musk had to troll him. This could open up a new chapter of privatized space travel and investment.
Barclays Pays Another $150 Million in Fines for "Trolling" Customers. The penalties cover sneaky trading behavior. Turns out, their Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term would (in some cases) only process orders that would be profitable for the bank. And reject the rest, like a troll on a Bridge Bridge The bridge or liquidity bridge is an essential component for brokers that are enabling their clients to trade at interbank rates directly via a Prime Broker or a Prime-of-Prime (PoP). While market makers do not require a bridge in order to service its clients, brokers which are sending through orders to a liquidity provider or an electronic execution venue need a bridge to connect their trading platform to the interbank market.Bridges are used extensively in forex trading, specifically for Metat The bridge or liquidity bridge is an essential component for brokers that are enabling their clients to trade at interbank rates directly via a Prime Broker or a Prime-of-Prime (PoP). While market makers do not require a bridge in order to service its clients, brokers which are sending through orders to a liquidity provider or an electronic execution venue need a bridge to connect their trading platform to the interbank market.Bridges are used extensively in forex trading, specifically for Metat Read this Term.
Startup of the Day: Ribbon. This startup promises to text you gift ideas if you are dumb boyfriend and can't figure out what to get the one you love. They run the entire business by text message. I like that.
Chart of the Day
When the world economy goes into the toilet, the Japanese yen gets stronger. And it won't matter that the Fed is going to hike rates. I am watching for a sell trade below 122.20, with a target down into the 118 area. And I'll add to the trade if it goes my way.
Get Rob’s email updates for traders at robbooker.com
Quote of the Day
"Adventure is not outside man; it is within."
- George Eliot
5 Things You Need to Know Today
Now is NOT the Time to Start a Shipping Company. The Baltic Dry Index, which measures shipping costs, reached an all-time low. China's economy is slowing. Demand for shipping is down. Many analysts worry that this is a sign that the entire global economy is set for recession.
The Entire Global Economy Is Set for Recession. Concerns about unrest in the Middle East, plus a poor showing in the Asian stock markets, coupled with a number of made-up reasons, has brought strength to the Japanese Currency. The yen is a safe-haven currency and when the global economy hits the proverbial fan, it goes into orbit.
Jeff Bezos Went into Orbit. Blue Origin, backed by Bezos, flew into orbit, returned to earth, and landed on its pad. Then Mr. Bezos jumped on Twitter for the first time to gloat - of course Elon Musk had to troll him. This could open up a new chapter of privatized space travel and investment.
Barclays Pays Another $150 Million in Fines for "Trolling" Customers. The penalties cover sneaky trading behavior. Turns out, their Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term would (in some cases) only process orders that would be profitable for the bank. And reject the rest, like a troll on a Bridge Bridge The bridge or liquidity bridge is an essential component for brokers that are enabling their clients to trade at interbank rates directly via a Prime Broker or a Prime-of-Prime (PoP). While market makers do not require a bridge in order to service its clients, brokers which are sending through orders to a liquidity provider or an electronic execution venue need a bridge to connect their trading platform to the interbank market.Bridges are used extensively in forex trading, specifically for Metat The bridge or liquidity bridge is an essential component for brokers that are enabling their clients to trade at interbank rates directly via a Prime Broker or a Prime-of-Prime (PoP). While market makers do not require a bridge in order to service its clients, brokers which are sending through orders to a liquidity provider or an electronic execution venue need a bridge to connect their trading platform to the interbank market.Bridges are used extensively in forex trading, specifically for Metat Read this Term.
Startup of the Day: Ribbon. This startup promises to text you gift ideas if you are dumb boyfriend and can't figure out what to get the one you love. They run the entire business by text message. I like that.
Chart of the Day
When the world economy goes into the toilet, the Japanese yen gets stronger. And it won't matter that the Fed is going to hike rates. I am watching for a sell trade below 122.20, with a target down into the 118 area. And I'll add to the trade if it goes my way.
Get Rob’s email updates for traders at robbooker.com