‘Applying macro fundamentals to short-term trading’: By Anthony Cheung
Anthony is Director and Head of Market Analysis at proprietary trading and EdTech firm, Amplify Trading. Tackling global macro strategies across asset classes, he has over 14 years experience in covering EU, US, Asia-Pacific time zones across FX, equity, fixed income and commodity markets specialising in fundamental news and analysis. This STA Monthly meeting, the first held in person since the original lockdown, was Tuesday 12 October at at our old haunt: Chartered Accountants Hall, 1 Moorgate Place, London EC2R 6EA. Those unable to attend had the option to view live via Zoom, and there were a great many of them. The presentation was also recorded and will be made available to STA members shortly.
Admitting he’s a special case, a fundamental analyst being asked to speak at an STA meeting, he was proposed by Jeremy du Plessis FSTA because he also uses some technical analysis. His brother founded RANsquawck, part of the Refco group and they pioneered the news/analysis YouTube feed so many traders depend on today.
Anthony was engaging, quite the showman as his many videos attest, his presentation simple (5 main slides) but with lots of up-to-date examples and anecdotes from personal experience. Slide 1: Where to start with fundamentals. Slide 2: Know the drivers of your product (too many don’t). Slide 3: Understand your investment horizon (i.e. yourself). Slide 4: Trading the news (where he, like so many economists, favour situations where the macro news is backed-up by technical analysis). Slide 5: Market sentiment checklist – where he admits: ‘’I am open to a technical perspective’’, for example long term trend lines.
As a journalist I found his subsection to point 4 on how to read the news very enlightening. Using a structured approach and covering a good cross-section of resources, yet because there is too much news ‘’ask yourself; what really matters right now? Be brutal – eliminate everything that is irrelevant’’. Preparing for upcoming [economic] news was also worth considering. As my daughter’s strict headmistress used to say: the school day starts the night before: prepare in advance, homework done, and as Anthony adds: ‘’what’s the playbook?’’.
He is wise to remind us all: ‘’I am just a minnow and I have no power’’.
Tags: Fundamentals, In-Person, networking, News
The views and opinions expressed on the STA’s blog do not necessarily represent those of the Society of Technical Analysts (the “STA”), or of any officer, director or member of the STA. The STA makes no representations as to the accuracy, completeness, or reliability of any information on the blog or found by following any link on blog, and none of the STA, STA Administrative Services or any current or past executive board members are liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use. None of the information on the STA’s blog constitutes investment advice.
- ‘Applying macro fundamentals to short-term trading’: By Anthony Cheung October 14, 2021
- Energy Trading Week: In conjunction with CommoditiesPeople.com October 7, 2021
- STA Freedom Party: Something to celebrate September 28, 2021
- New Lessons from Brain Science: and how they inform risk taking September 23, 2021
- Market reaction to EU July Industrial Production September 17, 2021
- A fireside chat with author Jack D Schwager: He of Market Wizards fame on
- Market Wizards – and their lesser known cohorts: Jack Schwager hits the book launch circuit on
- Colours, clashes and clichés: How and why use colourful charts on
- Do you know Aroon? I do, but not very well on
- Must read classics: Richard W Schabacker – the real bible of technical analysis on