Archive for May, 2011

No Luck in Trading

The harder I work, the luckier I get Samuel Goldwyn Like almost every action in life where chance plays a role, trading is subject to luck. How many times have we seen a bad bounce along the third base line result in a run in baseball or an unintended flick of the foot score a [...]

CNBC Interview: Outlook for EUR and USD

I was on CNBC last night talking about the outlook for the euro and U.S. dollar. If you caught the live hit, you would have heard me talk about the EUR/USD and how the rally yesterday should not be mistaken for a turn in the EUR/USD. “The sovereign debt troubles still plague the currency”

Citizen of the World

Melbourne, Singapore, London, Dubai — as K and I hop around the world, everything can sometimes become blured. Occasionally you wake up in some corporate hotel room and wonder, “Where am I?” But despite the crammed air travel, the bland food and the brutal sleep deprivation I am always grateful for the journey and most [...]

BNN Interview: Outlook for CAD, USD and AUD

I was on the Business News Network earlier this afternoon talking about my outlook for the Canadian, U.S. and Australian dollars. Click the image to access the video:

Fed: Data Shows Mkt Pricing in Q2 Rate Hike?

It has been a while since I provided updated numbers for the market’s rate hike expectations and I will chalk it up to my travels! Rate expectations are always changing and a lot has happened over the past month. Its always important to keep track of them because they reflect what investors are [...]

Federal Reserve’s 5 Step Exit Strategy

According to the minutes from the April Federal Reserve monetary policy meeting, here is the 5 step exit strategy that policymakers prefer at this time:
1) End QE2 in June
2) Stop reinvestment some time this yr
3) Remove the “extended period” language in Q4 or early 2012
4) Raise interest rates
5) Start selling assets in 2012/2013
Nearly all of [...]

New BoE Member Broadbent: What’s His Story?

At the end of this month, the Bank of England will add a new member to their Monetary Policy Committee – Ben Broadbent. He will replacing Andrew Sentance who has voted for an interest rate hike since the beginning of the year. Sentance was the most hawkish member of the MPC, having just [...]

LongScalp Lives

Too Clever For Your Own Good

“According to everyone we’ve spoken to, the market is expecting Raj Rajaratnam to get convicted of insider trading. But hold on. I’m still not 100% convinced that Raj will get convicted.” So began article on Clusterstock.com last week as the Raj jury went into deliberation. “Having been at the Raj trial, I can tell you [...]

CNBC Interview: Reacting to the Calls for AUD to 1.70

Here is the second video from my CNBC Guest Hosting gig this AM from Singapore where I talk about the Aussie, commodity prices and commodity currencies: