Archive for Forex

Dollar Breaks Support, Falls 10 out of last 12 Augusts

The U.S. dollar may be rebounding this morning but I think the gains will be short-lived. August is a terrible month for USD/JPY - the currency pair has fallen TEN out of the last TWELVE Augusts. Although seasonality does not equal a certainty of USD/JPY weakness, it is worth noting that 83 percent [...]

Dollar Losing its Safe Haven Status?

I was on Reuters TV earlier today talking about how the dollar could be losing its safe haven status and the implications of the change in dollar positioning from net long to net short for the first time since March.
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Discount Rate vs. Fed Funds Rate

What is the difference between the Discount Rate and the Fed Funds Rate?
On Thursday February 18th, the Federal Reserve surprised the markets by raising the discount rate by 25bp to 0.75 percent, sending the U.S. dollar sharply higher against all of the major currencies. Although the Fed went out of their way to say [...]

CNBC Interview: What the Fed’s Discount Rate Hike Means for Forex

I was on CNBC Squawk Box Australia this evening talking about the implications of the Fed’s discount rate hike on the forex markets.

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 [...]

Outlook for Currency Market and the Dollar

I was on Bloomberg Television earlier today talking about the outlook for the Australian dollar, the outlook for the U.S. dollar and gold. Hope you enjoy the interview!

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