I was on the Business News Network this afternoon talking about the outlook for the Canadian dollar and whether the loonie will experience a sustained break below parity. Readers of my blog will know that I have been anticipating this move for some time! Click on the image to access the video interview. [...]

Posted in 2009 canadian dollar, Bank of Canada, Canadian Dollar, parity 6 Comments »

The dollar surged after the non-farm payrolls report because job growth excluding census workers was very strong.
With the absence of U.S. equity traders, we did not see the risk rally that tends to occur near the U.S. equity market open. Based upon how the dollar traded after the NFP report in April 2007, [...]

Posted in eur/usd, non-farm payrolls 7 Comments »

Last week we raised the question of what the Swiss National Bank is waiting for and why they haven’t intervened. In that article we said “Everyone has an uncle point and for the SNB there is no question that we are nearing that level…” At that time, EUR/CHF was trading at 1.4272 and [...]

Posted in Intervention, eurchf, swiss national bank 6 Comments »

Sorry I haven’t blogged as much in recent days but I have been swamped with gearing up for my trip to Singapore later this month - I will be speaking at the ATIC expo, so come by if you are around.
First an update of My Favorite Trades. In mid March, I moved on [...]

Posted in Australian Dollar, Canadian Dollar, Favorite Forex Trades, australian dollar forecast, forex blog, parity 7 Comments »

Yhe first question that comes to mind is how the Good Friday holiday could affect volatility in the currency market. Holidays usually mean less liquidity and less volatility but when there is a piece of economic data scheduled for release as important as non-farm payrolls, less liquidity could mean greater volatility. The last [...]

Posted in non-farm payrolls No Comments »