What is the difference between the Discount Rate and the Fed Funds Rate? On Thursday February 18th, the Federal Reserve surprised the markets by raising the discount rate by 25bp to 0.75 percent, sending the U.S. dollar sharply higher against all of the major currencies. Although the Fed went out of their way to say that this does not equate to a change in their monetary policy …  Read More →

I was on CNBC Squawk Box Australia this evening talking about the implications of the Fed’s discount rate hike on the forex markets.  Read More →

My bosses here at GFT want me to talk about our Currency Trading Challenge Here are all the details – the prize is VERY lucrative. Up to USD$100,000! GFT Currency Trading Challenge  Read More →

I was on Fox Business earlier this afternoon talking about what could turn the dollar around. Watch the latest business video at FOXBusiness.com Here is a chart showing how G7/G8 (which is now G20) finance ministers and central bankers meeting has coincided with major tops and bottoms in the EUR/USD. I’ll have more on that soon at FX360.com  Read More →