If you have read the international papers, you may know that there are two political developments that is worth paying attention to. On August 21st, Australia held general elections for Prime Minister and if you recall, the votes were so tight that nearly 2 weeks later, there is still no clear winning. The country is in a political deadlock but thankfully this matter could be resolved in the coming week as Julia Gillard secures the support of... 

Here is a great interview featuring my colleague Boris Schlossberg talking about the surge in FX volume  Read More →

The best reason to buy euros is because this man likes ‘em! Premier Wen Jiabao, the leader of China said last night that China and Western Countries should work together to enhance the world’s confidence in the euro and the European Union’s economy. China will be working directly with Spain on this initiative as Wen invited Chinese investors to invest in Spain’s financial, renewable resources and electric cars industries,... 

This morning the Bank of International Settlements released its Triennial FX survey which is basically the market’s benchmark for forex volume and turnover. To no one’s surprise, volume has surged over the past 3 years. Between April 2007 and April 2010, global foreign exchange market increased by 20 percent from $3.3 trillion to $4.0 trillion, which is now the golden number for forex volume. Reading between the lines, we can tell... 

More than 3 weeks ago, I talked about how USD/JPY has a strong tendency to weaken in the month of August (see post: USD/JPY Falls 10 out of the Last 12 Augusts ). The year 2010 was no different as USD/JPY ends the month down nearly 3 percent. At that time, I said “Although seasonality does not equal a certainty of USD/JPY weakness, it is worth noting that 83 percent of time, USD/JPY has ended the month lower by an average of 2 percent.... 

I was on Fox Business earlier today talking about my outlook for the US Dollar: Watch the latest video at video.foxbusiness.com  Read More →

I guest hosted CNBC Asia for 2 hours last week. If you missed the videos, the calls are still relevant: Possibility of Yen Intervention I like CHF/JPY Talking about possibility of additional stimulus pre Jackson Hole  Read More →

I am finally back from Singapore and in the office watching rates, quotes and charts today – would be perfect if not for this horrible cold that I caught on the way back. It was such a great pleasure meeting so many of you! Here are some pics from Investfair and the Masterclass that I gave in Singapore Speaking at the GFT Booth – Can you find me? Presentation at Investfair Forex Masterclass at the DBS Auditorium Checking out the... 

I am headed to Singapore! Hope to see some of you there. Investfair, Singapore August 2010 Seminars Investfair Singapore Aug 21-22 Marina Bay Sands Convention Center Basement 2, Exhibition Hall E Saturday August 21: 11am Forex Trading 101 GFT Booth 2pm Panel Discussion on Stockpicking Themes for 2010 Room 3 3pm 3 Ways to Trade Currencies GFT Booth 5pm The Warren Buffet way of Trading Currencies GFT Booth Sunday August 22: 10:30am Actionable Forex... 

I was on the business new network this afternoon talking about outlook on Yen, Euro and Yuan. Click on the image to access the video  Read More →

Is the Bank of Japan stepping things up? In a very unusual move, BoJ Governor Shirakawa said earlier today: “There are substantial fluctuations in the foreign exchange and stock markets mainly against the backdrop of growing uncertainty about the outlook for the U.S economy. The Bank of Japan will carefully monitor such developments and their effects on Japan’  Read More →

I was on CNBC Squawk Box Asia last night talking about all things Asia including the outlook for Japanese Yen, Korean Won and Chinese Yuan. Here is the clip if you missed the segment  Read More →

The euro has sold off aggressively over the past 24 hours, breaking below at least 3 big figures in the process. After such a strong move, many currency traders wonder if there will be consolidation or continuation. Today’s sell-off in the EUR/USD was the strongest since January 5, 2009 and taking a look back at how the EUR/USD behaved at that time, we can see in the following chart that there was a 100 pip continuation the following day... 

After the FOMC announcement yesterday, I posted this comparison of the FOMC statement on FX360.com. I am posting it again in case you want to understand exactly what parts of the statement has been changed. EUR/USD did not follow through on its post FOMC rally is now trading below 1.30. That is the problem with statistical studies, they can right over the long term, but just not the month we are trading!  Read More →

The U.S. dollar may be rebounding this morning but I think the gains will be short-lived. August is a terrible month for USD/JPY – the currency pair has fallen TEN out of the last TWELVE Augusts. Although seasonality does not equal a certainty of USD/JPY weakness, it is worth noting that 83 percent of time, USD/JPY has ended the month lower by an average of 2 percent…  Read More →