Yields on short-term US Treasury debt have fallen to the lowest in history on mounting expectations of extra stimulus from the Federal Reserve. USD/JPY has been doing nothing but tracking yields which means that until yields bottom, USD/JPY will remain under pressure. I’ve been talking about this for weeks now - here’s an updated [...]

Posted in 2009 japanese yen, 2009 japanese yen forecast, forex blog, non-farm payrolls 10 Comments »

I was on the Business News Network this morning discussing the non-farm payrolls release and the decline in the EUR/USD. Click on the image to access the video

Posted in 2009 eurusd forecasts, 2009 forex forecasts, eur/usd, non-farm payrolls 3 Comments »

So My Favorite EUR/GBP Setup was a complete dud - but you win some and you lose some .
Here are some recent sound bites from articles that I have written on Non-farm Payrolls, Greece and Beyond
If Non-Farm Payrolls Was Strong, Why Did the Unemployment Rate Rise?
We saw an erratic reaction in the forex [...]

Posted in Canadian Dollar, euro, forex blog, greece bailout contagion, non-farm payrolls 16 Comments »

The dollar surged after the non-farm payrolls report because job growth excluding census workers was very strong.
With the absence of U.S. equity traders, we did not see the risk rally that tends to occur near the U.S. equity market open. Based upon how the dollar traded after the NFP report in April 2007, [...]

Posted in eur/usd, non-farm payrolls 7 Comments »

Yhe first question that comes to mind is how the Good Friday holiday could affect volatility in the currency market. Holidays usually mean less liquidity and less volatility but when there is a piece of economic data scheduled for release as important as non-farm payrolls, less liquidity could mean greater volatility. The last [...]

Posted in non-farm payrolls No Comments »