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 »

I was on BNN this morning talking about the currency implications of today’s rate decisions from the Reserve Bank of Australia and the Bank of Canada. Click on the image to access the video

Posted in 2009 canadian dollar, Australian Dollar, Canadian Dollar No Comments »

Fresh back from vacation in the Sunny Caribbean - here are some trades that I like off the bat:
1) Short AUD - After last week’s disappointing GDP, retail sales, service and manufacturing PMI reports, there is no chance the RBA will be talking about another rate hike this evening. The last time we heard [...]

Posted in 2009 forex forecasts, Australian Dollar, Canadian Dollar, eur/usd, euro, forex blog 13 Comments »

I was on the Business News Network this morning explaining why currencies shrugged off the turn in equities. Click on the image to access the video:

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