Archive for March, 2009

How Does the Fed “Print Money?”

With the Fed’s announcement today, many people may be wondering “How does the Fed print money?” Here is a snippet from my Daily Piece on Currencies.
Most of the time when we say that a central bank “prints money” that does not mean that they actually fire up the electronic version of a printing [...]

Video: Kathy Lien Talking about Fed’s Rate Decision

I was on the Business News Network talking about the implications of the Federal Reserve’s monetary policy announcement. They “note” that they are talking about is my FOMC Instant Insight posted on FX360.com. They are on the free mailing list, so make sure you get on as well.
Here is basically what they announced:
(1) [...]

FOMC Decides Next 1% Move in EUR/USD

The Euro has surged to 1.3157, a six week high against the U.S. dollar. The currency pair’s strength is a big departure from the price action of the other majors currencies this morning, which have weakened across the board. The break of the old highs opens the door for a move above the [...]

How Has the Economy Fared Since the Last FOMC Meeting?

The biggest event risk this week is tomorrow’s FOMC rate decision and unfortunately the Fed could serve up a big plate of disappointment. Recent economic data has been mixed. The following chart which illustrates how economic data has changed since the January FOMC meeting and we can see that there have been improvements [...]

President Obama on Tonight Show

If you haven’t heard yet, President Obama is going to be pitching his economic stimulus plan on the Tonight Show with Jay Leno on Thursday evening. Although Obama has previously been on the show as a Presidential candidate, this is the first time ever that a sitting president will be in such a venue. Following [...]

China: Flexing their Muscle

According to the latest data from Treasury, foreign investors were net sellers of U.S. dollars. The Madoff scandal led to a tremendous amount of liquidation by hedge funds in the Caribbean and Luxembourg but we have our eye on China. The Asian Giant continues to be a net buyer of dollar denominated investments, albeit [...]

How to Pick Tops and Bottoms Properly

Forex Trading Tips: Stewart Versus Cramer The Value of Work

Stewart Versus Cramer The Value of Work

The biggest news story of the week came from a comedy show. In fact according to polls these days in America most people 35 and under get their news from this comedy show. I am referring of course to the Daily Show with Jon Stewart who much like the [...]

Stewart and Cramer Faceoff

If you missed the big battle between Jon Stewart and Jim Cramer last night, here it is! Cramer was on for the entire show, so this only a clip. There were a bunch of outtakes and followups so here is the whole episode.
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The Daily Show With [...]

Forex Trading Tips: Why the Trend is Your Friend

Why The Trend is Your Friend

This week I wanted digress from our usual format and discuss an interview with Bill Dreiss in the April 2009 issue of Active Trader magazine which I believe carries many useful insights on the art of trading. Mr. Dreiss has been successfully trading markets longer than most of us have [...]