With rating agency Fitch downgrading Portugal’s sovereign debt rating and Germany continuing to whine about bailing out Greece, who can blame forex traders for dumping euros? A flight to quality pushed the euro to a 10 month low against the U.S. dollar and now there is no major support in the EUR/USD until 1.30. [...]

Posted in ECB, euro, fitch downgrade portugal, forex blog 13 Comments »

For the eighth trading day in a row, EUR/CHF has failed to rally. The Swiss Franc even ended the day at a fresh record high against the euro as traders test the resolve of the Swiss National Bank. This has led many currency traders to wonder What is the SNB Waiting For? Why haven’t they [...]

Posted in Intervention, eurchf, forex blog, swiss national bank 4 Comments »

This is sooooo good! I highly recommend you watch this for an entertaining and educational breakdown of Keynes and Hayek’s conflicting economic theories. Kudos for the video

Posted in keynes hayek video 2 Comments »

This morning, Japan Post Bank announced plans to double their deposit limit from 10 million to 20 million yen. Japan Post Bank is the country’s largest postal service operator and also its largest financial institution. With financial assets of 300 trillion yen or the equivalent of US$3 trillion, their holdings exceed the entire [...]

Posted in 2009 japanese yen, 2009 japanese yen forecast, Japanese Yen, forex blog 1 Comment »

I was on the Business News Network this morning giving my instant insight on the U.S. data and my favorite trade calls.
Click on image to access the video

Posted in forex blog No Comments »