Hard Currency: A Promising Podcast on Foreign Exchange From the Financial Times

(This is an excerpt from an article I originally published on Seeking Alpha on May 15, 2012. Click here to read the entire piece.) The Financial Times has launched a new weekly podcast called “Hard Currency.” The first interview aired on May 13th featuring Alice Ross as host and senior currency analyst Paul Robson from … Read more

It’s Official – The RBA Is Working the Australian Dollar Lower

(This is an excerpt from an article I originally published on Seeking Alpha on April 30, 2012. Click here to read the entire piece.) It’s official – the Reserve Bank of Australia (RBA) is trying to work the Australian dollar lower. In a surprise move, the RBA cut rates 50 basis points to 3.75%. Expectations … Read more

Bearish Implications of A Rare Convergence of Extremes in Yen vs S&P 500 Correlations

(This is an excerpt from an article I originally published on Seeking Alpha on April 9, 2012. Click here to read the entire piece.) In tweets and various posts, I have harped on the renewed strong relationship between yen strength and market weakness. In “Weakness in the Japanese Yen Is Over for Now, Part Two“, … Read more

Weakness in the Japanese Yen Is Over for Now, Part Two

A month ago I declared the weakness in the Japanese yen had ended. At the time, the U.S. dollar versus Japanese yen currency pair, USD/JPY or the inverse ratio in the Rydex CurrencyShares Japanese Yen Trust (FXY), had slipped for three days in a row. I turned out to be about a week too early … Read more

Weakness in the Yen Is Over for Now

Almost two weeks ago, I underlined the case for on-going weakness in the Japanese yen. The U.S. dollar had rallied to 80.60 against the yen (USD/JPY) in almost a straight line. I chose that point to close out my yen shorts to wait for what I thought would be an inevitable pullback from such a … Read more

Bank of Japan “Fights Off” the Federal Reserve As Yen Weakens Again

(This is an excerpt from an article I originally published on Seeking Alpha on February 16, 2012. Click here to read the entire piece.) The U.S. dollar and Japanese yen have played an up and down game of seesaw since July of last year. The USD/JPY, or the inverse of the Rydex Currency Shares Japanese … Read more

Still Bearish the Yen Even As U.S. Dollar Drops to Lowest Point Since October’s Intervention

(This is an excerpt from an article I originally published on Seeking Alpha on January 31, 2012. Click here to read the entire piece.) The path for a peak in the Japanese yen is turning into a much more arduous one that I had hoped. Last week, I pointed to an imminent acceleration in purchases … Read more

No QE3, But Federal Reserve Statement Green Lights Commodity Currencies and Gold

(This is an excerpt from an article I originally published on Seeking Alpha on January 26, 2012. Click here to read the entire piece.) In its latest monetary policy proclamation, the Federal Reserve announced that it will likely extend the window for near-zero interest rates until at least late 2014. There was no hint of … Read more

Talk of QE3 Increases As the Dollar Rises – Time to Reposition

This is an excerpt from an article I originally published on Seeking Alpha on January 12, 2012. Click here to read the entire piece.) Mainly thanks to a plunging euro (FXE), the U.S. dollar index (UUP) now sits at 52-weeks highs set in January, 2011. When the Federal Reserve telegraphed its second round of quantitative … Read more