Archive for June, 2009
Quad Witching Tomorrow 6.18.09
There are no U.S. economic reports tomorrow but that does not mean that we wont have some interesting volatility in the financial markets. Quite the contrary as we have Quad or Quadruple Witching on the calendar. Quadruple witching only occurs four times a year - on the third Friday of March, June, September and [...]
CNBC Interview: Outlook for CHF and GBP
I was on CNBC this afternoon talking about the SNB meeting, the suspected intervention and the outlook for the British pound:
Chart of Continuing Claims Signaling Recession is Ending
We had a number of surprises in U.S. economic data this morning including the Philly Fed index and leading indicators, but the biggest surprise was definitely the decline in continuing claims. Since the beginning of the year, continuing claims, which measures the number of people continuing to claim unemployment benefits rose week after week, [...]
Switzerland to Charge Forward with Currency Intervention
The Swiss National Bank has been intervening in the currency market since March. Unlike other central banks who have failed at intervention, the SNB has done a fantastic job keeping EUR/CHF above 1.50 for the past 3 months. The SNB focuses on EUR/CHF over USD/CHF because the European Union is by far the [...]
The Odds of Dollar Reserve Diversification
I was on Bloomberg last night talking about the odds of Dollar Reserve diversification and the outlook for the dollar. Click on the image to access the video:
Yen to Strengthen Further?
I am back from vacation and found this interesting tidbit that could lead to further Yen strength over the next few days:
Sumitomo have announced they are looking at doing a rights issue next week (up to USD 8.6 bio equiv) of which 50% will be offered to non domestics. This deal is expected to close [...]
Forex Trading Tips: 10,000 Hours
10,000 Hours
The latest Malcolm Gladwell book Outliers should be a must read for anyone who trades. Mr. Gladwell studied the backgrounds of many extraordinarily accomplished people from all walks of life and found that the reason for their success had far less to do with their innate talent and far more to do with their [...]
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