Archive for July, 2010

What are Forex Month End Fixings?

Over the past 24 hours, there has been a lot of talk about month end fixings. Therefore I think it is worthwhile to spend a few minutes explaining the foreign exchange market’s monthly obsession.
A few days ago, central banks around the world announced that the daily volume in the foreign exchange market has [...]

Forex Trading Strategies – Make A Bet Not A Trade

Make A Bet Not A Trade When it comes to trading my partner and I could not be more different. While I sit behind six computer screens eyeing every single headline that scrolls by as I watch prices move up and down tic by tic, she is perfectly content to follow the markets from her [...]

Euro: Looking for an Upside Breakout

The European stress tests are now behind us and unfortunately they failed to be the buzz kill or euphoric event that was needed to break the EUR/USD out of its recent trading range. The goal of the stress tests was to restore confidence in the European banking sector, but based upon the price action in [...]

Scalping Session Based Breakout

Forex Trading Strategies – No Reservations

No Reservations Unlike my partner I am no foodie. I am not on the first name basis with Harold from Perilla, I don’t know the coolest new bistro in town and I never consult Yelp for my dinner selections. And although I like a fine meal once in a while and can cook a few [...]

BNN Interview on Euro

I was on the Business News Network this afternoon talking about the impact of the EU Stress Tests on the euro. Enjoy! Click on the image to access the video

Bernanke’s Plan Z

U.S. equities turned positive, erasing triple digit losses in the second half of the NY trading session. The improvement in risk appetite also extended to currencies as safe haven flows eased out of the U.S. dollar. The British pound, Swiss Franc and commodity currencies benefited from the weakness in the greenback. The [...]

How Much Will the Stress Tests Help the Euro?

For the better part of this year, the exacerbation and settling of concerns surrounding balance sheet problems in Europe has commanded the volatility in the financial markets. This Friday, it is believed the EU bank stress test results will give euro bulls the green light to take the currency above 1.30 and perhaps as [...]

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

How Far Can USD/JPY Fall?

The U.S. dollar fell to a 7 month low against the Japanese Yen this morning following another barrage of weak economic data. Consumer prices fell, foreign inflows decreased and the UMich consumer confidence survey dropped to the lowest level since August 2009. On FX360.com, I talked incessantly in my daily report about how [...]