The Justinian

The Euro continues to climb against the Swiss Franc to new highs since the Euro induction.  Will this stop?  I like to go with the cliche saying “the trend is your friend” on this one.  The Eurozone fundamentally is strong where the Switzerland economy isn’t reflecting the rest of the Eurozone growth.
The CHF is also […]

There are new companies launched every day in the forex world. Well nigh on half of them are selling products that involve getting rich quick by trading news. Trouble is, few execution services are good enough for people to consistently make money trading news. This is the case even in the world […]

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 […]

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 […]

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 […]

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 […]

General Motors shares continue to tumble down to 31.09 from 32.61 yesterday, after pushing 36 last week. Kirk Kerkorian decided to cut his investment and move it toward the gaming industry. Business Week had an article about it. Here are some of the highlights:
On the same day, Nov. 22, that Kerkorian’s company, […]

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 […]

Remember all that talk not too long ago about the United States inverted yield curve? We don’t hear it a lot anymore as the NASDAQ hits a six year high today. You also probably didn’t hear much about this, the yield curve is the Eurozone is now inverted. As stated in the Financial Times:
Analysts say […]