Archive for January, 2009

Forex Trading Tips: Dollar King of No Yield

FX Market Outlook
What happens in a world without yield?

As 2009 begins to unfold the biggest story in the FX market is the inexorable movement of all G-7 interest rates to zero percent. ZIRP, as a monetary policy is no longer the sole province of BOJ. US rates are now 0.25%. UK rates [...]

Forex Trading Tips: Will Dollar Follow Pound to the Ground?

FX Market Outlook

This week Kathy and I opened up our new research site at GFT called fx360.com. Here is an abrideged version of an article that I penned from London that I would like to share as this week’s commentary.

The drop in the GBP/USD this week has been nothing short of astonishing. The pair erased [...]

Forex Trading Tips: Can The Dollar Rally More?

FX Market Outlook

Faced with rapidly deteriorating economic conditions in the Euroland. the ECB finally blinked and lowered rates by full 50bp taking the yield on the euro down to 2%. In his post announcement press conference Jean Claude Trichet was uncharacteristically dovish admitting that the situation on the ground was dour, that price pressures [...]

Forex Trading Tips: Dollar Rebound or Euro Rally?

FX Market Outlook

As my good friend Andy Busch put it, the NFPs on Friday were like Chicago weather. After you’ve experienced 10 degrees (Fahrenheit) 25 degrees doesn’t seem so cold. At -524K the US jobless data was horrible but against expectations of an even uglier -700K number, Friday’s report looked like a win. After [...]

Forex Trading Tips: FX in 2009

FX Market Outlook

As the year starts I am going to steal a page from Kathy who performed a Herculean job this week while I was away on vacation by putting out the full G-11 forecast for 2009 all by herself. The full report can be found here but allow me to highlight some key [...]