Any posts relating for forex trading, fx trading, or currency trading
It had to happen eventually, and the Wall Street market meltdown of 2011 is finally here. How did you celebrate the event? Did you pick up a few shares of a blue chip stock or two or did you stay on the sidelines. Most traders/investors I’m reading stayed out of the way. I still...
Some thoughts on oil prices and the economy. Today we are watching the extension of a market melt down across risky asset items, something we had seen coming in part as a result of the end of the Fed POMO schedule. It honestly took a few more days than I thought it would to...
In typical late day action the daily forex market signals are indicating a turnaround post European exchange closings. The US dollar has weakened in the afternoon and we’re seeing strengthening in the risk on securities as per normal – AUD, CAD, NZD. Trading activity such as this really shouldn’t come as any surprize anymore...
Just a quick shout out to subscribers… you should already know this information but if not, you would do well to take a look at these Swiss Exchange rate charts. That’s your homework assignment for today. Gold bugs need to look at the charts too! The Swiss Franc has always been kind of a...
The final Fed POMO June 2011 Schedule is out, and the last final push on the money string is under way. Only $62Billion this time around. Weak dollar days look like June 16 and 17, and especially June 21-22 – the heaviest single day (21) during the entire Fed POMO schedule. Expect weak dollar on 27-29...
In yesterday’s FED POMO 2011 Schedule post, we talked about the slow wind-down of the QE2 program. Given the volume of US Dollars which have already been stuffed into the economy via the other FED monetization programs and MBS purchases we discussed the idea that this latest round of dollar easing amounts to pushing...
So we’re following forex EUR USD movements today and we have all seen the ginormous collapse of the pair the last day plus. What does it mean for the market as a whole? Well as best I can tell it doesn’t mean a whole lot. It would seem to me that some carry trade...
The Fed and Central Banks around the world simply keep-getting-it-WRONG! Policy makers around the world need non-government credit expansion to fuel economic recovery but they keep screwing over the people with the most WILLINGNESS AND CAPACITY to borrow. The result is continued consumer credit contraction and the resultant forced monetary stimulus via government debt...
Sponsored LinkAs we suggested in our last post, the JPY carry trade unwind is continuing. Leveraged investors had mistakenly expected the BoJ to jump in and drive the currency downward were sadly mistaken. Are traders just too myopic to understand the basic implications of devastation like this? Apparently so. Consider for a moment: Let...
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