Over-Reaction to Yellen Rate “Guidance” Helps Drive Fresh Breakout for the U.S. Dollar Against the Canadian Dollar

(This is an excerpt from an article I originally published on Seeking Alpha on March 20, 2014. Click here to read the entire piece.) {snip} This is from Janet Yellen’s first Federal Reserve press conference as Fed Chair (starting around the 37:00 mark). Yellen answered a question from a reporter from Reuters on when rates … Read more

What I Learned Shorting the Euro

(This is an excerpt from an article I originally published on Seeking Alpha on February 2, 2014. Click here to read the entire piece.) The euro (FXE) has been one stubborn currency. The short euro trade taught me and reminded me to be patient, to stay focused on the underlying thesis until it is proven … Read more

Carney Delivers A Buying Opportunity in the British Pound With Talk Of “Evolving Guidance”

(This is an excerpt from an article I originally published on Seeking Alpha on January 27, 2014. Click here to read the entire piece.) “Escape velocity won’t come cheap.” – Mark Carney, Governor of the Bank of England (BoE), January 24, 2014 This was Governor Carney’s warning to the audience at the Davos CBI British … Read more

Increasing Unemployment, Decreasing Commodity Prices Portend Jawboning By the Reserve Bank of Australia

(This is an excerpt from an article I originally published on Seeking Alpha on February 13, 2014. Click here to read the entire piece.) So much for a trough in unemployment in Australia. The Australian Bureau of Statistics (ABS) produced another poor employment report. In January, Australia lost another 3,700 jobs, and the number of … Read more

January Jobs Report Positives: Residential Construction Momentum and the Participation Rate

(This is an excerpt from an article I originally published on Seeking Alpha on Feb 10, 2014. Click here to read the entire piece.) The U.S. non-farm labor report for January, 2014 seemed to get universal disapproval. Yet, the stock market soared in response anyway. The bearish tidings that began last week week have almost … Read more