Posted in Business, Trading, Forex, Dollar, British Pound Sterling on January 23rd, 2007 No Comments »
One pound gets two dollars? Almost. Just before 8AM EST this morning the British pound reached 1.9917 dollars. This makes it the highest it’s seen since 1992, and is very close ( about 200 pips or two pennies away) to a 26 year high from back in 1982! Numbers have been strong out of the […]
Posted in Business, Commodities, Stocks, Equities, Fundamental Analysis, Markets on January 15th, 2007 1 Comment »
If you read my article on trading oil futures, you know that trading oil can be very expensive if you’re on the wrong side of the trade in terms of the carry charge. Another option worth exploring is the oil ETF, short for exchange traded fund. For a general explanation of the term […]
Posted in Business, United States Companies, Markets on January 10th, 2007 No Comments »
A friend sent me over an article. If you work on Wall Street, have aspirations to work on Wall Street, or even if you just work, you should read it.
Posted in Business, Trading, Commodities, Stocks on January 9th, 2007 2 Comments »
I’m going to get a bit technical here, so please pardon me.
However it’s well worth it if you’ve ever invested in an instrument related to the price of oil, or if you look to in the future. There are far too many ways to invest in oil, and some of them are not […]
Posted in Business, Trading, Forex, Trading Psychology, Fundamental Analysis on January 2nd, 2007 No Comments »
Everyone talks about the smart money and the dumb money. These terms tend to be a bit silly if only because they require circular definitions. Smart money is “smart” because it makes money, but if it stops making money, it becomes dumb money. The terms, however, imply that those making money rarely […]
Posted in Business, Forex, Futures, Dollar, China on December 13th, 2006 No Comments »
Talk about China’s currency never stops. So much so that most Americans have probably heard enough to develop an opinion on where the Chinese Yuan or Renminbi (RMB) is likely to go next. Trouble is, when they attempt to actually trade based on their view, they quickly realize that speculating is either impossible […]
Posted in Business, Forex, Commodities, Economics, Fundamental Analysis, Dollar on December 11th, 2006 No Comments »
China dominates headlines when it comes to foreign exchange reserves and global trade imbalances. Every day a new article is posted on one of the major financial news outlets decrying China’s continuing buildup of foreign reserves, and their increasingly large trade surplus with the US. When their reserves moved past the $1 trillion […]
Posted in Business, Forex, Commodities, Economics, Fundamental Analysis, Dollar on December 7th, 2006 No Comments »
Oil is big news, and these days movements in the US Dollar–known euphemistically as the greenback–are as well. It’s rare, however, that the dollar is at risk of being affected by a meeting of the Organization of the Petroleum Exporting Countries (OPEC). That may change next week.
OPEC has been in the news of […]
Posted in Business, Stocks on December 5th, 2006 No Comments »
Not long ago the United States tightened laws against online gambling, immediately crippling and bringing online casinos to their knees. Now the Las Vegas Sands plans to launch their own online platform, starting in the United Kingdom. Their stock price (LVS) is up about 140% in the last twelve months.
From Reuters:
Las Vegas […]
Posted in Business, Commodities, United States Companies, Futures, Markets, IPO on December 4th, 2006 No Comments »
Nowhere is the move from floor-traded exchanges to electronic trading more obvious than on the NYMEX, the New York Mercantile Exchange. In the past, and especially leading up to that exchange’s recent IPO, seat prices–which gave the owner the right to trade on the exchange’s floor along with voting right and partial ownership–were the […]