Ever since I started writing blogs on Forex and on trading I've strongly encouraged EUR/USD traders to use the price of crude oil as a trade indicator ...
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Forex and Financial Market Update 11 June 2009
Source: www.forexrazor.com
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The Other Business Apple Is Good At
Too much talk this week was about Apple, the release of the new iPad, the new $660 price target at Goldman Sachs, etc. But you know what else...
To our readers in India……
And I know there are quite a few of you. You might be interested to hear, given it’s Raksha Bandhan today, I’m banging away at the keyboard this morning wearing my splendid rakhi bracelet (sacred thread of protection) sent to me by my sister who lives in Udaipur in...
Reflation deflation
The crowed reflation trade is coming a cropper with forced liquidation the theme of the morning. EUR/USD stops have been triggered below 1.40 and barriers have given way at 1.60 in cable. Same story in commodities, equities and bonds today with big reversals seen across the board as the first move...
IMF bonds: Less than meets the eye
The latest hysteria to hit the FX market is the fear that emerging powers like China, Russia and Brazil will pull funds out of US reserves and pump them into newly issued IMF debt. There are a couple of problems with this notion. For one, the bonds are not meant to be marketable. This will be a buy...
Slow start to week for Asia; sterling weakness a feature
There hasn’t been too much change in overnight Asian trade. Sterling weakness is a feature as the market frets about the future of Prime Minister Gordon Brown. Cable is down at 1.5930 from a North American close Friday around 1.5980, while EUR/GBP is up at .8780 from around .8740. Interesting...