Archive for March, 2009

Dollar and Yen Surge on Obama Comments

The U.S. dollar and Japanese Yen have ripped higher after President Obama said that he may let automakers go bankrupt.
Although this is not much of a surprise since he threatened GM and Chrysler with bankruptcy on Friday, the fact that he reiterated the threat this evening indicates that it is not just a [...]

AUD/NZD: Further Gains Ahead?

Comments from RBNZ Governor Bollard this afternoon triggered a sharp sell-off in the New Zealand dollar. After having already cut interest rates by 525bp, he is telling us that the New Zealand economy could still weaken and because of that, he is not happy with the rise in long term yields. So this [...]

Kathy’s Singapore and Malaysia Master Class

They’ve created a sign up link for my Master Class in Singapore (April 21) and Malaysia (April 23). Click on the image to signup

EUR/USD Headed to 1.31 on G20 and GM/Chrysler Financial Viability

This morning, the Financial Times released a draft of the G20 communique or “statement” that will be unveiled on Thursday (below). It contained no new fiscal stimulus or comment on currencies.
This exacerbated the rally in the U.S. dollar which was already shooting higher on the fear of GM or Chrysler bankruptcy. Trouble [...]

Forex Trading Tips: Trading Focus

The Key to Trading Focus
About two years ago when we had just published our book Millionaire Traders I told Becky Quick (clip below) that the only unifying characteristic amongst these very different but successful people was an “athletic mindset”. Not every one of our interview subjects was star athlete - far from it in [...]

Fast and Furious Trading

EUR/USD: Headed to 1.31?

There is a good chance that the EUR/USD could be headed to 1.31. In my Daily Currency focus on FX360.com yesterday, I said that the currency pair is prime for a breakout. Now that it is happened, the prospect of a rate cut by the ECB coupled with the comments from the German Finance [...]

Updated! Salaries of Central Bank Governors

The job of turning around the global economy lies of the shoulders of just a few people and in this group includes central bank governors. With such a tall task at hand, it leads me to wonder what are the people with such power and responsibility making. Is it enough to compensate for [...]

Interview Clip about Threats to Dollar’s Reserve Status

I was on Fox Business this afternoon talking about the threat to the dollar’s reserve status (and this morning, but they didn’t post the morning clip).
It was an hour show but my interview is a good one. If you can sit through it, I come up at 27:30 and the interview lasts for 10 [...]

Live on FoxBusiness.com at 12:20pm ET

I will be on FoxBusiness.com talking about the U.S. dollar live. You can watch it by going to http://interactive.foxbusiness.com/live at 12:20pm ET