Bank of Canada.
on Nov 16, 2009 in British pound Canadian dollar Central Banks General New Zealand Dollar Trades euro japanese yen Bank of Canada eur-cad fading gaps GBP-CAD nzd-jpy Everybody is following news from China, expecting something regarding the currency issue to be announced. Either Obama pushing for increased releasing Yuan from chains, or hosts making some concessions on their own. So far nothing. Looks like the vag...

APEC summit.
on Nov 15, 2009 in British pound General Trades euro Apec eur-gbp Euro-Pound GBP-CHF New Zealand Dollar Yuan appreciation. World political leaders remain very busy. Last weekend the G-20 group held a meeting in Scotland. Now it is turn for the Asia-Pacific Economic Cooperation, or APEC. Leaders of these nations are meeting in Singapore, to talk even more, mostly about th...

Big Ben strategy for Canadian Dollar.
on Nov 14, 2009 in Articles Canadian dollar General Trading concepts Big Ben strategy day trading London open trading concept trading system USD-CAD One of the more popular, or better known, trading strategies in Forex circles is “Big Ben” method. This strategy is named after the famed London landmark for two reasons- it is specifically targeting British Pound, in the GBP-USD pair, an...

Trade deficit.
on Nov 13, 2009 in Australian Dollar General New Zealand Dollar Trades japanese yen AUD-NZD China dollar. Kiwi gaps. nzd-jpy Trade deficit trade imbalance Trade numbers for September have been released today. The Commerce Department said that the trade deficit jumped 18.2 percent in September to $36.5 billion. That was the largest deficit since January and more than the $31.7 billion imbalance economis...

Yuan to appreciate finally?
on Nov 11, 2009 in British pound General Trades Trading concepts euro China visit eur-gbp gbp-usd Pound straddle trading Treasury Secretary Yuan peg Interesting news from China today. On the eve of US president’s visit to this country, People’s Bank of China issued a monetary policy report which outlined possible release Yuan from US Dollar peg.The exact wording was “Following t...

British credit rating at risk.
on Nov 10, 2009 in Australian Dollar British pound General New Zealand Dollar Trades japanese yen credit risk. Fitch rating GBP-AUD nzd-jpy sovereign credit rating UK rating British pound came under pressure last night, after a credit rating agency, Fitch Rating , issued a warning. It stated that UK is at risk of loosing its AAA rating status, more than any other top-rated nation. It has to do with widening budgetary gap...

Kiwi on steroids.
on Nov 9, 2009 in Australian Dollar British pound General New Zealand Dollar Price action trades Trades Trading concepts euro carry trade g-20 GBP-AUD kiwi NZD-EUR weekend gaps Currencies had an interesting opening to trading week. Kiwi moved sharply against all major currencies. It seems to be a beneficiary of the latest G-20 meeting, which covered more of in The Tobin tax post. While the representatives of participating...

The Tobin tax.
on Nov 8, 2009 in Australian Dollar British pound General New Zealand Dollar Price action trades Trades euro Aussie EUR-NZD exit strategy g-20 GBP-AUD Price action Tobin Tax The dreaded “Tobin tax” came up during yet another G-20 meeting took place over the weekend, this time in Scotland. Seems like every other week “G”-something has a summit here and there, always discussing the same few topics.

Currencies as long term investment.
on Nov 7, 2009 in Articles Australian Dollar Best of Madness General Longer Term Trades. Swiss Franc Trading concepts asset class buy and hold dollar. long term investment trade weighted exchange Currencies are not financial instruments which typically come to mind when talking about long term investments. Vast majority of financial advisors suggests a mix of bonds and stocks to their clients, with some cash investments, like money market fun...

It is official- 10%+ unemployment.
on Nov 6, 2009 in British pound Canadian dollar General Trades GBP-CAD gold record NFP report Pound recession Unemployment For all the talk about recovery and supposedly expanding economy NFP delivered a shock to the system today. Unemployment rate is officially above 10%, at 10.2% to be exact. It is the highest rate since 1983, with nearly 16 million people looking fo...