Archive for November, 2009

U.S. Bank’s Exposure to Dubai

I was on Fox Business this morning talking about U.S. bank’s exposure to Dubai and the significance of the whole Dubai debacle on the world
Watch the latest business video at FOXBusiness.com

Forex Trading Tips: The Red Light Problem

The Red Light Problem
Imagine that you have to cross a very busy intersection against a red light. (ignore for the moment the fact that I live in New York city where even 95 year old grandmothers can adroitly jaywalk in front of oncoming twelve wheelers with perfect precision). The traffic at this particular [...]

CNBC Interview: Outlook on U.S. Dollar

I was on CNBC last night talking about the FOMC minutes and the outlook for the U.S. dollar and Australian dollar

Forex Trading Tips: Lever Factor

Lever Factor
Sheik Zaid road - the main artery of Dubai is dotted on both sides with skyscraper hotels, modern office buildings and luxury condominiums of fifty stories or higher. To an American it looks much like any twelve lane highway in Orange County transplanted into New York or downtown Los Angeles [...]

How Far Can Dollar Rise on Bernanke Comments?

Bernanke’s support for the U.S. dollar and Federal Reserve President Lacker’s comment this morning that the central bank is paying close attention to the value of the greenback has driven the buck higher against all major currencies. The last time Bernanke surprised the market with a comment on currencies was back in June 2008. [...]

Forex Trading Tips:Mark This - Why Trading is Harder Than Investing

Mark This - Why Trading is Harder Than Investing
When I was starting out in the business we once had a customer who was long about a million euros on a $50,000 account. The guy had held his position for a long time but by accident he hit the sell button one day and called [...]

What Could Turn the Dollar Around?

I was on Fox Business earlier this afternoon talking about what could turn the dollar around.
Watch the latest business video at FOXBusiness.com
Here is a chart showing how G7/G8 (which is now G20) finance ministers and central bankers meeting has coincided with major tops and bottoms in the EUR/USD. I’ll have more on that soon [...]

Forex Trading Tips: Optionality

Optionality
My latest favorite read is a book called the Flaw of Averages: Why We Underestimate Risk in the Face of Uncertainty by Sam L Savage in which Mr. Savage tackles such mind numbingly complex statistical ideas as covariance, correlation, null hypothesis, the p test and makes them not only understandable but completely relevant to our [...]

Outlook for Australian Dollar and U.S. Dollar

I guest hosted CNBC Squawk Box Australia this morning. Here are some clips on my take on the Australian and U.S. dollars. Enjoy!
RBA Rate Hike Expectation

Australian Recovery