If the equity market managed to rally despite news that 533k jobs were lost from the US economy last month, then Obama’s pledge to increase spending this weekend and the developments for the Big 3 automakers will only help. Risk appetite appears to be slowly returning to the markets with the low yielding US dollar [...]

Posted in Carry Trades, FOMC, Forex News, Forex Podcast, Forex TV, dollar rally, forex blog, forex book, obama dollar 2 Comments »

Fed fund futures are already pricing in a greater chance that the central bank will cut rates by 75bp on December 16th than 50bp. That would bring US interests down to 0.25% and turn the US dollar into the lowest yielding currency in the developed world.
Since Japan’s interest rate is currently 0.3%, [...]

Posted in British Pound, Canadian Dollar, Forex News, New Zealand dollar, Swiss Franc, US Dollar, eur/usd, euro, forex blog, forex book, zero interest rates 5 Comments »

The second edition of Day Trading the Currency Market has been released!
If you liked the first edition, you will love the second.

I have added 3 new trading strategies and 4 new chapters and updated many sections.
New Trading Strategies:
1. How to Trade News
2. How to Time a Turn
3. How to Follow the Flow
PLUS
1. Tips [...]

Posted in Day Trading Currency, forex book 1 Comment »