Archive for October, 2010
I guest hosted CNBC Squawk Box Asia this morning and we talked about the Fed meeting and upcoming elections in the U.S.. Here’s the first clip about the FOMC and the prospect of additional Quantitative Easing. Enjoy!
Having a great time in Sydney, enjoying the weather and meeting lots of forex traders!
I also had the pleasure of being on ABC Lateline Business with Ticky Fullerton last week to talk about the outlook for the Australian dollar. Click on the image to access the video and enjoy. You can [...]
In FX where leverage is an astronomical 50:1, traders can effectively hold 50,000 units worth of currency against only $1,000 dollars worth of equity. On the surface this sounds like an attractive proposition but it is in fact a recipe for disaster. High leverage is exactly like high speed driving. The thrill is amazing, but [...]
What Business Are You In? What business do you think AMC Cinema is in? How about Cinemark or Regency entertainment? If you said the movie business you would be dead wrong. All the cinema chains in the United States, and for that matter the world over, are actually in the food business. Movies are very [...]
I am headed to Sydney and here’s my schedule! Hopefully I will be able to meet some of you all in person. I am particularly looking forward to the warm summer weather – its gotten sooooo cold in NY!
Traders Expo, Sydney October 2010
Sydney Traders Expo Oct 29-30
Venue: Sydney Convention and Exhibition Centre – Darling [...]
G20 Finance Ministers and Central Bankers are gathering in Korea right now talking about currencies. There has been a lot of speculation about whether or not a statement will released on Saturday that show a unified view on currencies. In my article G20 Wildcard, I wrote extensively about the possible language that the G20 [...]
Over the past few weeks we have been focused on the question of whether the Fed will increase stimulus. Now that another round of QE is all but certain, the new question becomes how aggressive will the Fed be?
One Fed President has provided clues on what he thinks the Fed should do come November. [...]
There are many reasons for why the EUR/USD should continue to rise, the strongest of which has been the Federal Reserve’s plans to ease monetary policy. However, there is another reason why the uptrend in the EUR/USD has been so strong. The following chart shows the correlation between the German IFO Report (white [...]
How close is the Federal Reserve to easing monetary policy in November? Pretty close if we look at the views of different FOMC members. However the skepticism of some officials could compromise the overall size of the asset purchase program.
Read on to find out where FOMC voters stand:
Voting Members of the FOMC
Believe More QE [...]