I was on the Business News Network this morning talking about the outlook for the U.S., Canadian and Australian dollars along with the big events for the forex market this week. Click on the image to access the video.

Posted in 2011 cad forecast, Canadian Dollar, forex blog 1 Comment »

Over the past 3 weeks, central banks around the world have made a number of comments that have affected rate hike expectations. On Jan 27th, I showed where rate hike expectations were at the time and since then a number of interesting changes have occurred.
First, the market is now pricing in a 25bp rate [...]

Posted in 2009 british pound forecast, 2010 dollar forecast, Australian Dollar, Bank of Canada, Bank of England, British Pound, Canadian Dollar, ECB, Fed rate hike, Federal Reserve, eur/usd 2 Comments »

I was on the Business News Network this morning talking about the euro, Australian dollar and Canadian dollar. Click on the image to access the video. Enjoy!

Posted in Australian Dollar, Bank of Canada, Canadian Dollar, Forex TV, aud/usd, eur/usd 1 Comment »

Barclay’s argues that if non-farm payrolls surprise to the upside, the Canadian dollar will be the best performer.
How does an investor position for such an upside surprise? The temptation is to be long the USD against a currency with a high sensitivity to US interest rates such as the JPY. However, with the [...]

Posted in Canadian Dollar, non-farm payrolls No Comments »

I have received alot of notes on my bearish AUD, EUR and CAD calls, so here is a quick update. If you missed the call, I’ve copied all the info below. Updates in RED.
1) Short EUR - Looking good. Would be smart to take off half here, still looking for [...]

Posted in Australian Dollar, Canadian Dollar, eur/usd, euro, forex blog 3 Comments »