Archive for June, 2009

Forex Trading Tips: From Raindance to Pipdance

From Raindance to Pipdance

My sister just came back from mainland China and upon her return to Florida was shocked to see the contrast between the obese Americans and the relatively thin Chinese. This is of course a common observation and often leads to a never ending lament about the dominance of American fast food [...]

On Vacation! Trader Talk

I will be on vacation next week. For comments on the currency market, please visit FX360.com and while you are there check out our new Trader Talk section which is near the bottom of the homepage!

Discussing the Non-Farm Payrolls Number

I was on the Business News Network this afternoon talking about the non-farm payrolls report. Click on the image to watch the video:

EUR/USD: Downside Projections

Although I am long term bearish dollars, I cannot ignore the fact that the near term outlook for the greenback has changed. Important technical levels (1.40 in the EUR/USD, 1.60 in GBP/USD and 97 in USD/JPY) have been broken and there is a good chance that economic merits rather than risk appetite could be [...]

EUR/USD Repeats Post Payrolls Reversal

Non-farm payrolls was much better than expected and hopefully you caught my instant insight on FX360.com Non-Farm Payrolls Signals Recession is Over. However what I want to point out is the consistent reversal that happens in the EUR/USD post non-farm payrolls. In my post yesterday about fading non-farm payrolls, I talked about how [...]

Fading Non-Farm Payrolls

May Non-farm payrolls are due for release tomorrow and as usual, I want to warn currency traders about the dollar’s knee jerk reaction to NFP. Five out of the last five non-farm payrolls were released, the knee jerk reaction was quickly erased. Even though the direction associated with these instances has not always [...]

Forex Trading Opportunities: Australian Dollar and British Pound

We finally have a meaningful pullback in the currency market and I strongly believe that rather than being a top, this is an opportunity to add to short dollar positions. The currencies that I am the most bullish the dollar against are the Australian dollar and British pound.
Australia reported hot GDP numbers [...]

Outlook for Australian and New Zealand Dollars

I was on CNBC this afternoon talking about the outlook for the Australian and New Zealand Dollars

Outlook for U.S. Dollar

I was on Bloomberg Television earlier today talking about the outlook for the U.S. Dollar. Click on the image to access the video