Currency Markets Assimilate Euro Agreement and Yen Intervention-What is next?

The results of last week's euro summit and today's intervention in the yen by the Japanese Government have a familiar ring.  As Yogi Berra once said this is Deja vu all over again.The Brussels summit produced an agreement that was long on aspirations to achieve  comprehensive solutions for the debt and banking crisis, but short on details how this would be accomplished.  If you ... … [Read more...]

An Article Currency Traders Should Read

Ambrose Evans-Pritchard is a reporter covering global economic events from London where he writes for The Telegraph.  He is experienced and insightful, and provides an objective overview of confusing economic cross currents.His article published Oct.23rd, 2011 in The Telegraph, "World power swings back to America" is an excellent read.  However, it should not be taken as a trading re... … [Read more...]

A Brief Review of the Week's Currency Trade

The euro has been meandering sideways for the past seven sessions,  Optimism that solutions for the multifaceted euro problems will be forthcoming from the continuing meetings, seems to be keeping the market strong.  There seems to be a risk for all market participants.  The European financial officials have had a history of patchwork solutions designed to address the most urgen... … [Read more...]