Down baby, down. Who said 1.30 is not possible (Not me - Bearish euro calls)? Trouble begets more trouble. As I said on my twitter feed twitter.com/kathyliefx no one wants to own euros. Irish, Portuguese and Spanish 5 year CDS spreads have all widened (What are Credit Default Swaps?). I expect more [...]

Posted in eur/usd, euro, euro oil 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 »

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 »

You may have read that European bond spreads have widenend to record levels but how bad is that really? To put everything into perspective, investors are demanding more premium to lend to Ireland, Portugal and Spain than to emerging countries in Europe and Asia. To be more specific, these 3 European countries that [...]

Posted in eu bank stress tests, eu imf rescue plan, euro, forex blog 1 Comment »

Over what has surely been a long weekend for Irish policymakers, the government finally caved - accepting aid from the EU and IMF. The announcement stabilized the euro and caused the currency to gap higher against the U.S. dollar on Sunday. Foreign exchange traders have been counting down the hours to an Irish [...]

Posted in euro No Comments »