Archive for September, 2009

Bank of Canada and Outlook for Canadian Dollar

I was on the Business News Network today talking about my outlook for the Canadian dollar and how I think it could be headed to 1.10. Here are some of my recent CAD comments about whether the BoC is worried. Click on the image to access the video:

Canada – Bank of Canada
The Bank [...]

Could the Dollar be Replaced as a World Reserve Currency?

I was on Fox Business today talking about whether or not the dollar will be replaced as the world currency and my outlook for the dollar. Here is the clip. On FX360.com I posted a thorough article on Which Central Banks are Worried About the Currencies. Worth a read
Watch the latest [...]

Forex Trading Tips: Context is Everything

Context is Everything
For a guy who wrote a book on technical analysis, I happen to be one of its biggest skeptics. In fact one of my favorite chapters in my own book is called Pattern and Anti Patterns in which I meticulously destroy most of the scared myths about double tops, triangles and [...]

Forex Trading Tips: Luck, Gambling and Trading

Luck, Gambling and Trading
This week we were extraordinarily lucky. On Tuesday we went long EUR/GBP on the assumption that Euro data would be better that forecast and UK data would be worse only to see the results contradict us on both sides of the cross. So there I was sitting dejected in [...]

Trading the Zone of Uncertainty

Still Bullish Australian Dollars

Last night I was on CNBC Squawk Box Australia talking about how I am still bullish Australian dollars. Watch the interview if you get a chance:

Forex Trading Tips: A Game of Inches

A Game of Inches
It’s been more than 15 years that I last took the number 7 train to the US Tennis Open in Queens, New York, but this past Wednesday K and I played hooky from work (courtesy of our very nice boss) and had chance to see some world class tennis from [...]

How To Make Profits From FX News

Forex Moves in Sept Could Set End of Year Tone

As we begin the second week of trading in September, it is also important for currency traders to know that the performance of the EUR/USD and USD/JPY this month could set the tone for trading for the rest of the year. The following tables compare the performance of the EUR/USD in September with the [...]

The U.S. Dollar Breakdown and the Charts that Matter

Dollar bashing has driven the U.S. dollar to an 11 month low against the Euro and 1 year low against the Australian dollar. If you have caught my interviews on CNBC and Bloomberg, you would know that I have been bearish dollars and bullish Aussies and Euro for the past 2 months. Now [...]