What is the difference between the Discount Rate and the Fed Funds Rate?
On Thursday February 18th, the Federal Reserve surprised the markets by raising the discount rate by 25bp to 0.75 percent, sending the U.S. dollar sharply higher against all of the major currencies. Although the Fed went out of their way to say [...]

Posted in Federal Reserve, Forex, eur/usd, forex blog 10 Comments »

I was on CNBC Squawk Box Australia this evening talking about the implications of the Fed’s discount rate hike on the forex markets.

Posted in Fed rate hike, Federal Reserve, Forex 1 Comment »

I was on CNCB last night talking about whether the euro’s gains are sustainable:

Posted in 2009 eurusd forecasts, eur/usd No Comments »

Since I am stuck in a snow storm in Michigan, I want to take this opportunity to republish an article that I posted on FX360.com earlier this week to explain Credit Default Swap Spreads – a term that is used often in the financial media these days:
What are Credit Default Swaps ?
A credit swap is [...]

Posted in greece credit default swaps 2 Comments »

I was on the Business News Network talking about this morning’s U.S. and Canadian employment reports. Click on the image to access the video:

Posted in 2009 canadian dollar, Forex TV, forex blog, forex trading videos 1 Comment »