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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Yes, mistakes were made. On a realized basis, I’m roughly flat for the week. While my recent trades have worked out well, the EUR/USD and EUR/JPY (x2) trades that were held over the weekend just killed me. As mentioned in the last intraday weekly review, it was the wrong decision to keep them. The short [...]
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Alright, I made a bad decision in keeping my EUR/USD and EUR/JPY shorts over the weekend. The odds of an “agreement” on the Greek bailout was big and I knew it. The only reason I kept the positions is because they were very small (And we’ve been told this before). Nevertheless, I could have put [...]
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The Yen is all over the place these days. The Greece issue has created quite some volatility as risk-aversion snaps back and forth from the market. All in all, more volatility means more trade opportunities. The massive selling of the EUR/JPY and GBP/JPY crosses (and the other Yen crosses too) took a pause during the [...]
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The Bond Vigilantes are going to kill Greece. At the current pace, it probably won’t happen this week, maybe not this month, but it seems like it’s going to happen. A recent post at Abnormal Returns talked about a potential catastrophe for the U.S. resulting from a secular upward trend in long-term yields. However, if [...]
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