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EDITOR’s note FX Need answers? Is the FED falling in a QE trap?


Did the long credit expansion cycle generate extensive risk taking behaviors? And why do world policymakers seem to ignore capital surplus?


Is FX strategy automation an obvious solution to execution efficiency and trading performance?


Can Moving Averages accurately define a trend and its strength?


Why has gold come so significantly down in spite of FED’s reluctance to embark on tapering, Japan’s QE on steroids combined with massive fiscal expansion, lingering concerns about the security of bank deposits in Europe, and continuing tensions fom Syria to Iran?


Why is the oil price staying so low in spite of global GDP growth and stagnant oil production?


Is China entering a declining cycle?


Tese are some of the questions that our market experts have answered in this edition, as we try to look at the most vibrant fundamental and technical trading topics.


Again in this issue you will find articles covering important macroeconomics and monetary policy aspects which can strongly impact China’s


future declining the


As we are one of the few currency trading magazines distributed all around the world to both Forex retail and professional investors - we reached 200.000 subscribers at the end of August (yes, this is a great achievement) - I receive more and more questions from our readers about the market and it is with pleasure that we try to give you answers from respected market professionals on the topics which most interest you.


I would like to take this opportunity to bring your attention to the latest World Economic Report from the IMF, published in October, which gives key lessons for policymakers. One of these is that, while a fiscal tightening in the United States or the euro area will most affect countries that have stronger trade linkages with these economies, the effect of interest rate normalization in the United States primarily affects countries that peg to the U.S. dollar through an interest rate channel. In contrast, free floaters will have their exchange rate to serve as a shock absorber.


We are also covering several trading methods


used by


veteran and successful traders, as well as


technical analysis


techniques which will help you trade in alignment with the prevailing market trend.


currency moves: prospects;


excess of capital which is now spreading worldwide; and the recent fears about tapering which have caused widespread confusion and market volatility.


Finally we’ve interviewed leading FX Brokers, FX Fund Managers, and Trading systems providers to give you a real snapshot of the forex trading industry world.


Don’t hesitate to send us your questions, and we will set the “menu”


for the next issue. Good trading! Emmanuelle Girodet


FX TRADER MAGAZINE October - December 2013 7


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