Archive for Forex

CNBC Video: Outlook for Euro

I was on CNBC last night talking about the outlook for the euro. Here’s the video:

How U.S. Economy Changed Since Last Fed Meeting

The following table shows how the U.S. economy has changed since the last Federal Reserve monetary policy meeting. As you can see, there have been broad based improvements in economic data which is why I believe that the Fed will sound a bit more optimistic tomorrow. The only area of weakness is in [...]

BNN Video: China, EUR, CAD

I was on the Business News Network bright and early this morning talking about the Chinese data, its implications on the market, the Hu-Obama Summit, euro, CAD and other forex related things. Click on the image to access the video and enjoy!

Christmas Week: Breakout or Fakeout in FX?

We all know that liquidity drives up during the holidays but does that mean that breakouts are more likely or fake-outs?
Based upon how the EUR/USD and USD/JPY have traded over the past decade this week, the odds favor a fake-out over a breakout. The following charts compare the trading range during Christmas [...]

Video: Korea, Ireland and Currencies

I was on the Business News Network an hour ago talking about Korea, Ireland and other factors impacting currencies. Click on the image to access the video from BNN.

Video Comments: Ireland, Dollar and Loonie

I was on the Business News Network this afternoon talking about Ireland, the U.S. dollar and the loonie. Click on the image to access the video

Forex Expo: Headed to Las Vegas!

I am headed to Las Vegas today for the Futures & Forex Trading Expo.
If you are attending, please check out one of my sessions (link to Futures & Forex Expo website).

Five Dynamic Ways to Trade Forex (Open to everyone)
Friday September 24, 20100 11:30 AM - 12:30 PM
Actionable Intraday and Swing Trading Forex Strategies [...]

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.
Click on the image to access the video

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 [...]