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Closing Pound trades.
Looking back on this week, most of my discretionary trades, at least the ones featured here, were in British Pound. I have been a net buyer of GBP (has a nice ring to it, makes me sound like a big time player) since begi… -
Chrysler-Fiat.
We have a new car company. For now it is still Chrysler, but it might change to Fiat-Chrysler or something like that. One of the most amazing bankruptcies of all time was finalized today, when the company won its battle … -
Beast dilemma.
I spent some time during the weekend going over the charts of Pound and all its crosses. Some of it was expressed in the last post, but main objective was to sort out my confusion regarding the beast and the dilemma I'm … -
Emotions complicate trading.
Anybody followed the NFP report, or rather markets reaction to it? It was a good example of trading on emotions, the sudden change of direction in most pairs. Economists are once again talking about turning tide and clai… -
Active Forex day.
With holiday a distant memory now, some interesting Forex developments took place. Most note worthy was strength of the Pound. For the first time in seven months or so GBP-USD, the "cable" reached 1.6000 level today. Act… -
Currencies were quiet.
Mostly as expected, not much happened in Forex trading on Monday, due to Memorial Day. That includes Sunday afternoon, depending on the part on the world. I was a little surprised, though, because Yen pairs tried to ma… -
Yen sinks on... good news.
Japan's Central Bank on Friday upgraded its assessment of the world's second-largest economy, saying that recession may be easing. The BoJ's policy board voted to leave its overnight call rate at 0.1 percent, a move tha… -
British Pound on the move.
This really surprised me. Couple of banks, Goldman Sachs and Morgan Stanley, have formally asked the Federal Reserve for permission to repay a combined $20 billion received from TARP (Troubled Asset Relief Program). Surp… -
Golden Monday in India.
Last week one of my clients was very inquisitive about Indian financial markets. We spent about an hour a day for three days going over charts of Bombay Exchange's stocks, as well as Rupee. Eventually on Thursday our ti… -
LIBOR at all time low.
For the first time ever, LIBOR fell to under 1%. For those who don't know, LIBOR stands for London Interbank Offering Rate, and it is what banks charge on loans when lending to each other. Three months rate for Dollar re…
FXhusar
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- Name: Mike
- Gender: Male
- Member Since: 10/15/2006
Recent Weblogs
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China summit
Interesting news from China today. On the eve of U... -
Rating risk.
British pound came under pressure last night, aft... -
Kiwi.
Currencies had an interesting opening to trading w...
