The old saying that you should be careful what you ask for–you just might get it–applies in spades to Helecopter Bernanke’s pressure on China let the Yuan appreciate vs. the Dollar. Washington, D.C. has been throwing its weight around in diplomatic circles, trying to cajole China into “playing fair” and letting their currency float subject [...]
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 [...]
There is little doubt in my mind that George Soros is attempting to do to the USD what he did to the GBP in 1992. He is part manipulating and part cashing in on the impending crash of the dollar. Is he to blame for it completely? Of course not. But I believe he’s spouting [...]
My overriding thesis is that Obama is going to be spending and printing money faster than the EU. This should drive a fundamental rally in the Euro vs. the Dollar. This could change, of course…with Greece’s problem’s coming to light again in September, worries of a Greek Default will once again plague the Euro and [...]
If you are new to currency trading, the Euro is a good place to get your feet wet. The Euro is traded in the major currency pair called EUR/USD, which is to say that when you buy the pair, you are buying Euros and selling US Dollars. Remember, the first currency in the pair is [...]