Analysis of Forex Trading, Financial Markets, and Economic Policies
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The Canadian Dollar went off-the-charts today as the Bank of Canada (“BoC”) speculated that rates may start going up in July 2010 (WSJ Article). To see the press release from the BoC, click here. I was short the USD/CAD & AUD/CAD crosses and long the CAD/JPY cross at the time of the release. Overall, it [...]
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The Australian dollar was the big winner today while everyone was sipping the Aussie Haterade on StockTwits and Twitter. I feel like more than 30-40% of the Stockt-Twits today was about shorting the Australian dollar. Some interesting quotes even went along the lines of “AUD/USD, die, die ,die”. If there was any other contrarian sign [...]
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I photoshopped this back in December 2009, I can finally bring it out now. The Euro bears were out for the kill today. There were so many bears out there that it felt like a wild forest. I’m a US dollar bull and thus also a Euro bear. However, I was a little skeptical about [...]
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It’s “different in China”. The phrase sounds awfully familiar to the widely used “it’s different this time”. Investors are always looking for a “new normal”; however, the truth is that real fundamental change rarely happens. As history shows, people tend to commit the same mistakes over and over again. Investment guru Jim Rogers believes that [...]
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I’m cool, hip, and better than you…I’m a Mac? Well, my point here is to portray what Apple Inc. has been able to do with its brand. As the stock market makes its way down, this is the time to start scouting out for good future buys. The best thing about these market fire-sales is [...]
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