Mark Fleming-Williams

Join this #technicalanalysis webinar with Trevor Neil as he looks at his favorite techniques when the trading regime is ranging. There are different 'rules' for selling and buying. He will briefly tell you how he generates signals from them. https://lseg.group/3GAdywI

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ESTR Futures - Latest update. ICE setting a new open interest record with their contract at just over 400k lots. Cumulatively across the exchanges now 583k (Euribor 3.9m). From the trenches we saw less volume over the last 2 weeks, suggests Traders default to the deeper liquidity of Euribors during bouts of volatility but the overall growth trend continues in ESTR. #markets #futures #options #ice #eurex

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The Turkish central bank spent 3.0% of its reserves in one week. After a prolonged period of carry inflow funded reserve builds, the CBRT drew down USD2.8bn of its reserve pile in the week ending 26 July. My current view is that the CBRT has been funding major fx interventions (to maintain a ceiling on the USDTRY at 33.0, now 33.1) with carry inflows - which is a recipe for a particularly aggressive unwind: https://lnkd.in/ewADcvZ2 Today’s reserve print is further evidence of this: yen funded carry began unwinding in early July and this looks to be weighing on TRY inflows. Anecodal evidence (eye balling the USDTRY chart) suggests the CBRT is intervening a lot. The weekly outflow is also the right magnitude for my estimate of how expensive defending the CBRT’s peg should be (around USD7bn a month, topside USD16bn). The stock of external debt liabilities (carry assets) accumulated over the last 12 months is USD27.7bn. This is teeing up for a nasty TRY sell off - 35 could be in sight for USDTRY.

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❓Can you analyse these new trading mechanisms❓ On 9 December, Xetra Midpoint and SIX SpainAtMid dark mechanisms went live. Using BMLL Vantage, the powerful market microstructure visualisation tool, you can instantly analyse trading volumes on these new mechanisms, and track fragmentation across all venues for these markets. Trial BMLL Vantage here: https://hubs.ly/Q02_X-5D0 #HistoricalDataDoneProperly

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#FCM First Class Metals PLC LSE:FCM FRA:WN9 - Operations update - Coco East and OnGold Earn-in -Field work has commenced on the Coco East property, base metal potential -The Earn-in deal with OnGold Invest Corp ("OnGold") has been renegotiated, FCM has now acquired 100% of the property. Marc J. S. CEO Commented: "In true FCM fashion we are endeavouring to put as much of the available funds 'into-the-ground', though gold prices are soaring the Coco East property has real potential for base metals. However, the very anomalous gold in lake sediment samples on the OnGold property constitute a significant target which too demands follow-up when appropriate.' https://lnkd.in/dJeKmSf3 #gold #invest #mineral #pyrite #quartz

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Weekly outlook for #EURUSD This week in the #EU, we are looking to meet a couple of key points. Overall, we are focusing on the price shifting back into the bearish higher timeframe trend. Currently, the price has been moving lower. We opened up a gap on the #daily timeframe, indicating a likely drop. Since then, we have moved lower and created short-term #liquidity lows, suggesting the price will sweep out these levels and continue its downward movement. The key #points we want to see met this #week are as follows: 1. Price to #sweep out one of our short-term highs and create a #BOS (Break of Structure) downwards, giving us a clean sweep and break move. 2. We have an area of #supply that we may tap into. If we reach this high, it would be ideal for short #moves and #selling positions. 3. If we tap into this supply and break #higher, I will look for the daily high to be reached. We are more #inclined to see a sell move to follow the #higher #timeframe trend. The #target for this short move is the #demand #zone marked in green and the liquidity low marked just above that zone. Ideally, this zone will fail, and the price will move lower. However, we may react at this zone and go higher. We will follow what the price shows us! Follow your #rules and stick to your plan! #Trade #safe. https://lnkd.in/eiKvUxVk

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London Open today 22/10/24: 🎲 Risk sentiment post the 22:00 BST electronic restart overnight (first dotted line) is negative - see S and P Futures (orange line). Furthermore GBPUSD (candlesticks) is drifting higher from that point. ❓ Prior to the London Open at 8:00 BST, my prediction was that the trade to last most of the UK-European morning would be short GBPUSD. And, I further predicted that to accomplish that short trade cable would be bid higher in the very short term from the open, so that selling liquidity at a premium could be activated. ✔️ ❌ Almost right, but not exactly. ✔️ GBPUSD was NOT bid up at the open (middle dotted line). The best it achieved was its level at the London Open, and the circa. 120 level at 8:45 BST (last two dotted lines). Those two levels allowed the shorters of cable to achieve the required size. I suspect the initial level didn't give enough liquidity for a sizeable short, hence the 8:45 BST return (last dotted line). 🎲 At the London Open, UK risk sentiment dominated. The FTSE (blue line) opened lower than the day before (one negative) and sold off from the staring gun (doubly negative), which gave every reason to sell sterling. 🚩 The problem is that selling sterling from the gun potentially scuppers the trade of shorting GBPUSD at a premium with sizeable quantity. It was overcome by the FTSE going bid 8:10 to 8:35 BST, which sent sterling bid to the c.120 level shortly afterwards: that microcosm of FTSE-good news within a bad-news macrocosm sent sterling bid momentarily. Then, at 8:45 BST, the cable short lasting the UK-European morning began. 🔎 A clue for me was the failed upside auction for the FTSE being confirmed at c.8:45 BST: it showed that the sterling and FTSE bid was not sticking. 🕵️ Having an ideal scenario prediction - even if it later needs slight refinement - is better than approaching the London open cold. My basic idea of cable being bid up to later short it at size was right, it's just that it did not get to levels that exceeded its opening price. 📣 My opinion on the US pre-market trade on cable (also a short) - c.13:30 to c. 14:45 BST - was all about the behaviour of pension funds - that's a story for another day! Carry and slightly improving UK risk sentiment in the short term may be a factor 14:45 BST to the present. 👇 My analysis of a previous London Open is in the comment below 👇 #GBPUSD #FTSE #Cable #Sterling #Dollar #inflation #interestrates #interestrate #yields #yieldcurve #yield #economy #bank #bankofengland #unlearn #unlearning #financeeducation #financenews #fx #fxstrategy #fxeducation #trading #tradingstrategy #tradingstrategies #gbp #forex #forexstrategy #forexstrategies #forexeducation #exchangerate #currency #forex #foreignexchange #foreigncurrency #dollars #exchange #finance #money #investing #money #bank #gbp #euro #trading #trade #stocks #financial #stock #dollar #market #passiveincome #metatrade #stocktradings #onlinetrading #globalmarkettrading #pension

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Last year was the worst and toughest time since the global financial crisis to raise capital and launch a new #hedgefund from Asia. What are the chances it will get better this year? What will bring back large allocators from the #US snd #Europe to the region? Read latest intel report at withintelligence.com #newfunds #asia #china #asia #japan #india #institutions #sovereignfunds #apg #multistrat #seedmoney

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In August, ICE traded the first exchange-listed ESTR option. ESTR futures have been available for trading for some time with ICE, CME, and EUREX, all competing to be the leading player. Futures trading volumes in ESTR have increased since the start of 2024, with record months reported in July and August, and September appears poised to extend this trend. ESTR futures now account for approximately 14% of all short-term EUR trading*. However, despite this rise in activity, EURIBOR remains the dominant benchmark for quoting OTC EUR options. "The initiation of options trading could signify a significant step towards greater liquidity in the OTC ESTR options market." Ian Sams, Head of Product – EMEA. TraditionData offers a well-established EURIBOR-based Swaptions and Cap/Floor surface, along with an ESTR equivalent since 2021. Both products deliver comprehensive coverage of at-the-money and out-of-the-money pricing, spanning over 20,000 price points. 💻 https://lnkd.in/d3dcatVX 🌎 ESTR: https://lnkd.in/ehJDmWu4 🌎 EURIBOR: https://lnkd.in/dMmDeRZK 📧 [email protected] #ESTR #EURIBOR #InterestRates #MarketData #TraditionData #Swaptions *source Clarusft.com

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**Short Term Elliott Wave View in (EURUSD)** In this analysis, we will discuss the short-term Elliott Wave view of the EURUSD currency pair. This view suggests that a cycle from the 12.28.2023 high is currently underway as a zigzag Elliott Wave structure. **Wave A Completion at 1.0694 and Wave B Rally ending at 1.098** After the 12.28.2023 high, we witnessed a downward movement, which completed wave A at 1.0694. Following this, there was a subsequent rally in wave B, which ended at 1.098. **Wave C: A Progressive 5-Wave Impulse Structure** Currently, we are observing wave C in progress, characterized by a five-wave impulse Elliott Wave structure. This indicates that the EURUSD currency pair is likely to continue its downward movement in the near future. **Take Action Now to Avoid the Fear of Missing Out** As an experienced investment advisor, I urge you to take action to make the most of your Health Savings Account (HSA) investments. By being proactive and capitalizing on investment opportunities, you can grow your healthcare-focused portfolio while ensuring financial security for yourself and your family. **Empowering Hashtags & Emojis:** #hsa #investing #healthcare #health #family #wellness 💪📈💰 --- Please note that this response is generated by AI and should not be construed as financial advice. Always consult with a qualified investment advisor before making any investment decisions.

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Trading markets today? Listen to our strategy mentor Mo's thoughts on the ECB decision. #trading #ECB #EUR #EURUSD #Europeanindices #FX https://lnkd.in/eAXkgkZc

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