A Major Test Awaits the Australian Dollar In 2014 As 2013 Delivered New Correlations

(This is an excerpt from an article I originally published on Seeking Alpha on December 23, 2013. Click here to read the entire piece.) The Australian dollar (FXA) has finally retested the “W-bottom” from August of this year. So far the test seems successful as the Australian dollar has sharply bounced off the lows over … Read more

Early Signals for 2014? Major Breakouts Fade for the Euro and Pound

There were no economic reports of importance from the eurozone or from the United Kingdom to end the week. Yet, this absence did not prevent traders from sending the euro (FXE) and the British pound (FXB) into major overnight breakouts: a 25-month high for the euro and 28-month high for the pound against the U.S. … Read more

Forex Falllout From the Fed’s Latest Decision On Monetary Policy

(This is an excerpt from an article I originally published on Seeking Alpha on June 20, 2013. Click here to read the entire piece.) {snip} The Federal Reserve announcement sounded a bit like something former governor Mervyn King might say about the prospects for the Bank of England’s bond purchase program: {snip} I imagine believers … Read more

As Gross Reiterates His Call for A Top in Bonds, TBT Seems to Bottom

Bloomberg summarized the latest missive from Bill Gross in a piece called “Fed Easing to Signify End of Bull Market, Gross Says.” Gross called an end to the 30-year bull market in bonds thanks to the the Federal Reserve’s planned second round of quantitative easing. I decided to read Gross in his own words, and … Read more

More Money Went into Bonds Funds in 2009 Than in the Last Ten Years

The CNBC interview post below with Marilyn Cohen (from Envision Capital and author of “Bonds Now!: Making Money in the New Fixed Income Landscape“) is a good watch for anyone interested in fixed income. One key statistic that caught my attention was Cohen’s claim that more money went into bond funds last year than went … Read more