Back from Vegas last night and on the Business News Network this afternoon talking about whether a second round of Japanese intervention will be as effective as the first. Click on the image to access the video

Posted in 2009 japanese yen forecast, Bank of Japan, Intervention, Japanese Yen 2 Comments »

I am headed to Las Vegas today for the Futures & Forex Trading Expo.
If you are attending, please check out one of my sessions (link to Futures & Forex Expo website).

Five Dynamic Ways to Trade Forex (Open to everyone)
Friday September 24, 20100 11:30 AM - 12:30 PM
Actionable Intraday and Swing Trading Forex Strategies [...]

Posted in Forex, forex blog 2 Comments »

For my Instant Insight to the Fed announcement, read Dollar Sinks of Fed’s Willingness to Do More

FOMC Statement August 10, 2010
Information received since the Federal Open Market Committee met in June indicates that the pace of recovery in output and employment has slowed in recent months. Household spending is increasing gradually, but remains constrained by [...]

Posted in FOMC, Federal Reserve, forex blog 2 Comments »

The following chart shows an inverse head and shoulders breakout in the S&P. Given that currencies like to trail equities, this suggests that we could see further gains in the EUR/USD and maybe even USD/JPY.

Posted in Forex Technicals, S&P, Stock Market, forex blog No Comments »

The biggest event in the forex market this week will be tomorrow’s Federal Reserve monetary policy announcement. On FX360.com, I published an extensive article talking about what the Fed may or may not do (FOMC Preview: The Key Language Changes to Look for)
Here are the possible scenarios for the U.S. dollar:
A) Fed uses [...]

Posted in 2010 dollar forecast, Fed Rate Cut Expectations, Fed rate hike, dollar rally, forex blog 1 Comment »