Archive for June, 2009
« Previous Entries Next Entries »Keep an eye out for what the Fed says on Wednesday!
Monday, June 22nd, 2009Be sure to keep an eye out for what the Fed says as it releases its latest interest rate announcement on Wednesday around 2:15pm EST. The rates should stay steady…that shouldn’t be an issue. The “real deal” will be what they say about rates in the future going forward. Stay tuned… Tags: fed, interest, interest [...]
Risk Aversion rules…so far today!
Monday, June 22nd, 2009The theme of the day today so far is “risk aversion”. The dollar is doing quite well, especially against the emerging market currencies (South African rand, Turkish lira, etc.). Also, a pair that tends to do good when the financial markets to bad (GBP/AUD) is towards the top of the list too.However, USD/CAD beats them [...]
Selling Short vs…well uh, ..just “regular selling”!
Friday, June 19th, 2009Regular selling is when you’ve bought first, expecting the pair to rise…and then you sell later on to close out the trade and “lock in” those profits from the gain produced by the upward trend on the chart. Selling short is when you are going into the market by INITIATING a sell order FIRST,expecting the [...]
The “Risk Seekers” return to the market today!
Thursday, June 18th, 2009The risk seekers finally re-emerge! Today, the biggest percentage gainers are NZD/JPY (up 2.12% on the day), AUD/JPY (+1.85%), NZD/USD (+1.52%), AUD/USD (+1.14%). So the theme of the day is: commodity dollars vs. the dollar and yen. Now that these pairs have had a significant pull back and consolidation…see if they can breakout into new [...]
Dollar Weakness and Yen Strength is the “Theme of the Day” so far!
Tuesday, June 16th, 2009Typically lately, the dollar and yen rise and fall somewhat together (as they have both served as “defensive plays”). However, today, the dollar is weak…but the yen is still strong. It could be on Japan’s vote of confidence in their economy going foward. However, remember this… in good economic times for both Japan and the [...]
G-8: Thinking of reversing $2 Trillion in Stimulus!
Monday, June 15th, 2009This past weekend, the G-8 (Group of Eight – 8 largest industrialized nations) met and started the talks that will eventually reverse the $2 trillion in global stimulus. Of course, they aren’t about to start this process yet since it was just their Finance Ministers at this meeting…but they were setting up the process for [...]
Note: Don’t forget about the G-8 Meeting starting Today too!
Friday, June 12th, 2009Just a note….remember, there’s a G-8 meeting starting today. I haven’t heard a lot mentioned about this too much…so I thought I’d make my readers aware. Have a good weekend! Tags: article, blog, central bank, central bankers, currency, Fed, Federal Reserve, forex, G7, G8, Group of 8, Group of Eight, Hyman, lot, meeting, Sean, Sean [...]
Why I believe we’re coming out of the Recession!
Friday, June 12th, 2009The average recession is 9-12 months. Now, it’s no surprise that this one has lasted “far longer than average”. But then the question is…how long have the ones lasted that were “far longer than average” in the past? To answer that question, I think the guys at “Chart of the Day” give a good visual [...]
Dollar Strength This AM
Friday, June 12th, 2009Green Shoots or Flight to “Safety”? This morning the US dollar is showing the most strength, up sharply against the commodity currencies. USD/CAD (+1.9%) to 1.1228 and AUD/USD (-1.45%) to .8078. Predictably, oil is down and the US equities futures markets are showing signs of weakness. We know the fundamental story of the commodity currencies, [...]
Why I’m so Infatuated with the Aussie dollar (AUD)!
Thursday, June 11th, 2009Why do I have an infatuation with the Aussie dollar (AUD)? It’s the clear leader this year! Why…it’s because of the superior fundamentals that I spoke of yesterday (and on many other occasions over the past few months). The superior fundamentals alerted me to this trade long ago and I’ve been “technically trading” this far [...]
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