FXCM gets technical, tops one-month table
The company relies heavily on the Elliott Wave model. Jamie Saettele, senior strategist at FXCM in New York, said he focuses on a number of sentiment indicators, and correlating rates of change, including risk reversal rates on options and the commitments of traders' reports.
On May 21, FXCM predicted EUR/USD would fall to 1.23 from 1.25 in a month's time, close to the actual spot rate of 1.24 on June 21. At that time, the commitments of traders' figures from the Commodity Futures Trading
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