Changing to A Bearish Strategy On the British Pound

(This is an excerpt from an article I originally published on Seeking Alpha on July 13, 2012. Click here to read the entire piece.) After another pins and needles rally back to the 50DMA resistance, I think it is time to switch to a more bearish strategy on the British pound (FXB). Since mid-June, I … Read more

Australian Dollar On the Verge Of Another Breakout

The trading action in forex is starting to pick up again with quickly changing setups. Of the many twists, the Australian dollar (FXA) continues to capture a lot of my attention. Currently, the Aussie looks ready to break out against the U.S. dollar. Source: FreeStockCharts.com AUD/USD is now positive again for the year, and, at … Read more

A Bottom for Netflix Is Not Confirmed Until Its Next Earnings Report

(This is an excerpt from an article I originally published on Seeking Alpha on July 11, 2012. Click here to read the entire piece.) In the past, I have only had bearish things to say about Netflix (for example, “Netflix Tags the $110 Target But More Downside To Come” from September 30, 2011). However, I … Read more

The Japanese Yen Is Reasserting Itself

The U.S. dollar’s jagged rally from last year’s lows has finally brought it back to its “QE2 reference price.” At the same time, a carry trade seems to be lifting the Australian dollar in “risk-on” fashion. In the background, the Japanese yen is slowly but surely reasserting itself as the strongest of the major currencies … Read more

Atlanta Fed’s Lockhart: “QE3 Is An Option”

(This is an excerpt from an article I originally published on Seeking Alpha on June 29, 2012. Click here to read the entire piece.) On June 27, 2012, Nightly Business Report interviewed Dennis Lockhart, President of the Atlanta Federal Reserve about the U.S. economy. During the interview, Lockhart indicated that the economic anecdotes he hears … Read more