Anmol Sethy will do a talk on our work on testing, dating and monitoring exchange rate regimes at the R/Rmetrics Singapore Conference 2010, including some recent progress on parallel computation. For background, see this paper, which talks about the ideas, and the open source R package fxregime. This is now fairly mature work: many of the papers at [...]

This piece was written before Christmas and will appear in the first 2010 edition of the Forex Journal. The data covers the market up until mid December.
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Old Maid is a card game where the simple task is to avoid holding a given card (often the queen of spades) at the end. Even in the company [...]

The recent gold upleg has proceeded fairly predictably based on previous trends.  Like the Octrober correction and consolidation the December correction and consolidation has laid a firm foundation for the third round of the upleg.
FIRST ROUND
With gold trading around $995 on 9 September 2009 in Gold Party Barely Started I wrote, “This puts $1,300 gold [...]

A reader has asked me to comment on these two recent GATA articles www.gata.org/node/7908 and www.gata.org/node/7911, which claim that London unallocated metal is a fractional reserve system.
Adrian Douglas’ assertion is that there is at a minimum four owners for each ounce of unallocated metal held in London. His support for this is to apply the [...]

The article Scotiabank and the Real Silver prompted me to have a closer look at their 2008 Annual Report. Two interesting quotes (note all dollars are Canadian):
“In Scotia Capital, revenue declined by 25%, due mainly to charges relating to the Lehman Brothers bankruptcy, valuation adjustments and generally weak capital markets. These were partially offset by [...]

Another Good News Thursday saw major US stock indexes closing at fresh 2009 highs. The Dow Jones Average was up for the eighth straight day — the best winning run since April 2007.
As we predicted here, the bull market move has been swift and steep leaving many investors in the dust. Stocks have [...]

On 31st (Monday) morning, interest rate futures trading will start at NSE for the second time. Watch me on the CNBC TV18 website on interest rate futures. I had a blog post on this recently, and Mobis [...]

Market liquidity is a business, economics or investment term that refers to an asset’s ability to be easily converted through an act of buying or selling without causing a significant movement in the price and with minimum loss of value.  As market liquidity dries up then the bid and ask widen.  The depth and breadth of United States financial markets [...]

From a recent Zerohedge blog post:
James Brigagliano, co-acting director of the SEC’s Division of Trading and Markets, said dark pools could impair price discovery by drawing valuable order flow away from the public quoting markets. “To the extent that desirable order flow is diverted from the public markets, it potentially could adversely affect the execution [...]

I happened to glance at the top 10 underlyings in derivatives trading at NSE and saw this:

I remember not so long ago, when the only thing that traders in India could think about was individual stocks. At the time, it was extremely difficult to get them interested in macro underlyings.
I find it quite striking that [...]