Latest Posts

  • Carry Trading Danger

    Mar 21, 2012 / 7:34am / in Carry Trading, Forex Trading, Japanese Yen, Forex News

    Many are talking about how carry trades by speculators are at records highs since the financial collapse of 1998.  The Japanese Yen has an abundance of short positions as their funding cost is only .25%.  The Swiss France has also taken hard hits as

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  • GoCurrency Web Tools

    Jan 20, 2012 / 5:36am / in Currency

    The increasing popularity of the internet has made it easy for even a local business to market to a global customer base. Whether you are a small travel company, an international retailer, or simply have a lot of international traffic, a GoCurrency web tools can be a valuable and convenient addition to your web site!

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  • The Calm Before the Storm

    Jul 31, 2008 / 4:00pm / in Americas, Economics, General, News Releases, United States Dollar, Forex News

    Tomorrow is the one for all the marbles. The single most important economic announcement for the USD takes place tomorrow: Non-Farm Payrolls (NFPs). Despite today’s very important announcement of US GDP for Q2, the EUR/USD essentially stood pat around 1.56. What is special about NFPs is that, unlike announcements such as rate decisions or GDP results, predicting the outcome is often like finding a needle in a haystack. The unpredictability of this announcement, coupled with its importance, generally make it the largest “market-moving” announcement for the USD.

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  • Recent USD Rally… Why?

    Jul 23, 2008 / 4:37pm / in Economics, General, Oil, Patterns, United States Dollar, Forex News

    With mixed news coming out of the world’s remaining superpower in recent weeks, the recent US dollar rally induced widespread befuddlement. With Europe suddenly looking economically worse-off than America, it is easy to understand why the USD has rallied against the EUR. However, the USD has rallied against many of the major currencies, including the JPY and the CHF. In other words, it is not only bad news coming out of the Euro-Zone that is fueling this USD rally. So, the important question is what exactly is causing this rally?

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  • The Joys of Being in a Range-Bound Market

    Jul 17, 2008 / 6:51pm / in Currency, General, Money, Patterns, Forex News

    For several months, one of the hottest debates in the currency world has been “1.50 or 1.60?” Those who follow the Euro-US Dollar currency pair have been debating its future for several months. Since around the end of February, the price has been locked within a range of 1.50 and 1.60. Only on three days has the price ventured outside that area during the past few months, yet each of those days, the price closed back within the range.

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  • Game Time!

    Jun 24, 2008 / 4:14pm / in Fundamental, General, Interest Rates, News Releases, United States Dollar, Forex News

    As I have explained before, there are some days when there is little of note in the FOREX world, so I get the chance to research a random economy somewhere in the world. Today (and I’m sure tomorrow) is not such a day. Everyone’s favorite superpower, the United States of America, came out with important economic data today, and will have even more important data tomorrow. US Consumer Confidence was lower then expected, and the lowest it has been since 1992.

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  • Big Week Ahead!

    Jun 23, 2008 / 9:28am / in Fundamental, General, Interest Rates, United States Dollar, Western Europe, Forex News

    In some weeks, the news highlight in the FOREX world is an Italian report on car sales. Other weeks, the major headline is that Nigerian workers are striking against the oil companies. However, this week, there’s plenty to be excited about, especially the most important gathering since the meeting of the Five Families: the U.S. Federal Reserve Open Market Committee Meeting.

    Ladies and Gentlemen, start your engines.

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  • US Dollar - Predicting the Future (Part 2!)

    Jun 16, 2008 / 12:25pm / in Americas, Currency, Fundamental, Interest Rates, Oil, United States Dollar, Forex News

    Last week I mentioned that though the G8 conference would impact the US dollar in the short term, the ultimate fate of the USD will ultimately be determined more by Bernanke than by anyone else. The Group of Eight’s meeting has come and gone, offering little good news for the USD. In the FOREX market, that “little good news” led to bad news for the USD, as the greenback surrendered some of the territory it had gained last week. So with the conference in the rear-view mirror… let’s look ahead.

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  • Fundamental Analysis and Central Bank Resources

    Jun 13, 2008 / 10:32am / in Forex Trading, Fundamental, United States Dollar, Forex News

    Fundamental analysis can be daunting, but this is what drives the market. I don’t care how many doji’s or buy signals Deutche Bank saw on the eve of the Russian Debt default.

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  • US Dollar - Predicting the Future

    Jun 13, 2008 / 10:27am / in Canadian Dollar, Currency, Fundamental, News Releases, Forex News

    The surprising rally of the US Dollar this week has inevitably led to what seems like everyone and their niece predicting just how long it will last. My 10-year old niece doesn’t like the dollar, and though she’s a very bright girl, please note that she based her reasoning on the Canadian dollar looking a lot cooler than its American counterpart. Given that for several years the USD has done little but suffer, it’s of little surprise that few people are giving the greenback a chance.

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