What might not be obvious to all casual observers of the currency market is that the currency wars everyone has been talking about in the press are wars between nations to have lower currency values, not higher ones. The reason is obviously to increase demand for each country’s goods and services. If the USD is [...]
Socialists never learn from failed policies…they always come back and try them again. The first set of stimulus and bailout funds worked so well to jump start the economy that we’re apparently ready to double down and try it again. The problem is…if it worked so well the first time, why are we still talking [...]
I’m tiring of reading all the professional Wall Street analyst types frame the outlook for the USD in terms of risk appetite. That’s the old paradigm. We’re in a new economy that is being “fundamentally transformed,” and the same old assumptions don’t apply. That’s why many pros are having to admit that they are confused [...]
The charts looked to be weakening for a slight pullback in GBP/USD’s .02 rise today, so after closing my long EUR/USD position I opened a short trade on it. I tend to take profits too early, and will probably do the same this time. I’m being really overprotective of my profits in this market. I [...]