The British pound is currently enjoying its longest rally since July of last year. Nine straight days of gains has taken the currency from 1.54 to a high above 1.60. When a move in a currency pair becomes this overextended, it screams for a correction. Whether this correction is large or small [...]

Posted in British Pound 2 Comments »

I was on the Business News Network this morning talking about today’s developments including the Japanese elections, the prospect of intervention, the UK CPI numbers, the reason why euro is weak and U.S. retail sales. Click on the image to access the Video

Posted in 2010 eurusd forecast, 2010 eurusd forecasts, 2010 japanese yen forecast, British Pound, Intervention, Japanese Yen, eur/usd, forex book 1 Comment »

Greetings from Singapore! I was on Bloomberg Television this morning talking about my outlook for the EUR and GBP. If you can catch it, I will be guest hosting CNBC Australia from 6am-7am Singapore time (6pm - 7pm NY Time) tomorrow morning.
Click on the image to access the video:

Posted in 2009 eurusd forecasts, 2009 gbpusd forecast, British Pound, eur/usd 1 Comment »

The WSJ and the Financial Times are crediting the drop in the British pound to the upcoming election. Worth a read though I still think that its more than just politics because politics have been in the background for the past few months. If you haven’t read it yet, read my piece on 5 [...]

Posted in 2009 gbpusd forecast, British Pound, forex blog, gbpusd No Comments »

With mixed to slightly better than expected U.K. economic data, traders may be scratching their heads about why the British pound has collapsed more than 300 pips this morning. Here are a couple of reasons:
1. Britain’s Prudential announced plans to buy AIG’s Asia operations for $35.5 billion in cash and stock - since this [...]

Posted in 2009 gbpusd forecast, Bank of England, British Pound, forex blog 25 Comments »