There is a very old saying in the stock market that goes “Sell in May, and Go Away.” This pertains to the notion that investors should cash in on their investments this month and take the summer off because June, July, August and September have traditionally been some of the worst months in the equity [...]

Posted in eur/usd, euro, forex blog, forex seasonality No Comments »

Next week, the ECB will conducting their second long term refinancing operation. The impact of their first LTRO was significant - in fact, it sparked the stock market rally. If the uptake next week is anywhere close to EUR1 trillion, we could see a similar reaction. The following chart shows how the [...]

Posted in ecb ltro, euro, euro sovereign debt crisis No Comments »

Here’s a clip from my CNBC Asia Guest Hosting slot last night. We talked about the EU Summit and my outlook plus levels for EUR

Posted in 2010 eurusd forecast, 2012 eurusd forecast, eu imf rescue plan, euro 4 Comments »

Contagion fears have rattled the markets today with everyone worried about the crisis spreading to Italy. The reason why investors are so nervous today is because the Italian economy and its total amount of debt outstanding far exceeds that of Greece. The following chart shows the total amount of foreign claims on [...]

Posted in euro, euro sovereign debt crisis, pig 1 Comment »

Why has the rally in the EUR been so lackluster? Because there are a still 4 3 more hurdles to overcome before we can put the Greek debt crisis behind us.
The Greeks have jumped over 2 hoops on their own with one more expected to be cleared once the Greek implementation vote is completed [...]

Posted in eur/usd, euro, euro oil, euro rate hike, euro sovereign debt crisis 2 Comments »