I was on CNBC Squawk Box Australia last night talking about the outlook for the Japanese Yen as well as the European currencies:

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My favorite forex trade right now is shorting AUD/NZD.
After hitting a 9 year high of 1.3124 last week, the rally in AUD/NZD is losing steam. I should have posted about this earlier, but I think there is still room for the currency pair to fall.
Last week, the Reserve Bank of [...]

Posted in Australian Dollar, Favorite Forex Trades, New Zealand dollar, aud/usd, australian dollar forecast, forex blog, forex signals 9 Comments »

The U.S. labor market report was released this morning and the data was much better than everyone had anticipated. Following the warning from Larry Summers that the storms in the Northeast could have swelled unemployment rolls, investors were bracing for the worst. However disaster was averted and Larry Summers will probably not be [...]

Posted in forex blog, non-farm payrolls 2 Comments »

Aside from the fact that Lawrence Summers, who is Obama’s Economic Advisor was a former Treasury Secretary, what does he really know about last month’s non-farm payrolls report? On the eve of the February NFP release, we wonder loudly how accurate his prediction of a snow-storm related bulge in unemployment really is.
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Posted in forex blog, lawrence summers payrolls, non-farm payrolls 3 Comments »