Reader Questions Answered

Where can I find this forex data?

A reader by the name of Tom submitted the following question about forex and related market data.  

Hi John

Big Fan of your work. I hope you dont mind if I ask this question as I am still relatively new
at trading the fx markets.

I was wondering where would be a good source of market data. Im looking specifically for the interest yields for the treasuries of different countries (Euro, GBP, Japan, Aus etc) in order to analyze and trade their currency as forward rates can be used as an approx to central bank moves.

I am also looking for data on the fx futures market particularly the open interest.

My broker provides a report on this sort of thing yet I am not too comfortable solely relying on them for my analysis.

I’ve tried looking at however their interface isnt exactly user friendly. I was wondering if you would know any free sites that chart this data?

Many thanks

There are loads of sources for market data on fx futures. It just depends on whether you want a feed or just to look at a chart or a figure. If it’s the latter, a really good site is FutureSource. The site has loads of futures information, including both quotes and charts. Back in the day I used to actually trade the market intraday off those free charts (it’s delayed data, but I didn’t need real-time pricing for my purposes).

There is, of course, also the weekly Commitment of Traders Report. That’s released weekly by the CFTC, and includes a breakdown of positioning by the different types of forex futures market participants.

As for global interest rate data, I’ll admit that Bloomberg is generally the first place I go when I want to look them up – which really isn’t that often. The Financial Times site has some of that information. There’s also stuff on the Wall Street Journal site. The Interest Calculator on the Oanda FXTrade site might be useful.

Hopefully that helps. I encourage others who know of additional resources to leave a link in a comment.

Deep Posts Trader Resources

Something to check out: StockTwits

Howard Lindzon, a hedge fund manager, has been involved in developing a new project called StockTwits. To quote the site information:

StockTwits is an open, community-powered investment idea and information service. You can think of it as Bloomberg for the little guy and gal. Eavesdrop on what traders and investors are talking about RIGHT NOW or contribute to the conversation and build your reputation and following as a savvy market wizard.

The site is based on the Twitter micro-blog engine, grabbing the posts by users related to stocks.

Give it a look.

Reader Questions Answered

Looking for a stock screener?

This question came through from a stock trader.

I wonder if you can help me find a screener, I am looking to find Dow components above their 5 day ma.

Stock screeners can be found in all kinds of place. A lot of brokers these days have them freely available to their customers. Some are quite detailed and inclusive. There are also a number of free ones online. Three of the most popular are:

MSN Money

The CNBC site also has a screener. If you do a web search you’ll come up with a bunch of options – some familiar, some not.

There are also charting software packages which allow for very customized screening. In a recent article I mentioned Tradecision as one, and I use Metastock on a daily basis for my own work (personal and professional). I also use the one from Daily Graphs.

The bottom line with stock screeners is finding the one(s) which match your needs. Some are primarily fundamental. Some are primarily technical. The really good ones offer a combination.