The Justinian

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 […]

Euro strength continues, and the loonie is still falling apart.  Together this makes for one of the most volatile pairs consisting of G7 currencies.  EUR/CAD has gained approximately 1200 pips in about 35 trading days.
 

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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 […]

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 […]

EUR/USD and GBP/USD have been slaughtering the dollar recently, but we haven’t seen as much movement in the non-European currencies against the dollar. That may end soon. The width of the Bollinger Bands on the monthly chart are the lowest in over 10 years for the AUD/USD. The pair has tried and […]

I’ve made mention of the fierce NY-London financial rivalry in a previous post. For the uninitiated, the basic argument is that restrictive laws and policies (like Sarbanes-Oxley) have caused New York to lose its edge in financial markets. Large companies looking to go public have instead turned to London and in many cases […]

Following the foreign exchange markets closely we have to post about the dollar. The EUR/USD broke above 1.32 today for the first time since early 2005. So after the 5000 pip three year rally from .85 (60% gain), the most the seventeen consecutive rate hikes by the Federal Reserve would cause the […]

Reuters has posted a fairly exhaustive sampling of key currency analysts’ viewpoints on how global warming will affect the FX markets.  They single out the CAD as a major beneficiary given the fact that Canada may in future provide fresh water for many major western countries and be as important in that market as Saudi […]

Ok it’s an admittedly arrogant title, especially considering we’re not in the business of writing recommendations.  While I will make statements of opinion from time to time, I’m mostly interested in providing a daily sampling of the most interesting developments in the financial world. 
Nevertheless, the news that China will be diversifying its $1 trillion + […]

We all know about online gambling being banned not long ago shutting huge huge poker, sports betting, and other casino sites. What some don’t realize is how great gambling really is for society. The ‘big board’ is the biggest casino on the planet. With futures you can bet not just on crops and how much […]