The Federal Reserve’s Latest Policy Decision Frustrates Bears and Central Banks Alike

(This is an excerpt from an article I originally published on Seeking Alpha on June 21, 2014. Click here to read the entire piece.) “There is no mechanical formula.” This is the response Federal Reserve Chair Janet Yellen gave to a reporter who tried to press her on the rules and timing for the first … Read more

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

Time to Watch the Forex Action Unfold: React, Not Anticipate

(This is an excerpt from an article I originally published on Seeking Alpha on September 26, 2013. Click here to read the entire piece.) It has been a week since the Federal Reserve surprised the globe when it backed off from its earlier tough talk about bond tapering. The U.S. dollar index (UUP) plunged in … Read more

The British Pound Is A Bargain

(This is an excerpt from an article I originally published on Seeking Alpha on May 19, 2013. Click here to read the entire piece.) {snip} Traders have gotten quite bullish on the U.S. dollar. Reuters reported that bullish bets on the U.S. dollar have reached an 11-month high: {snip} This critical juncture for the dollar … Read more

Credit Conditions for Housing Continue to Tighten

(This is an excerpt from an article I originally published on Seeking Alpha on May 27, 2013. Click here to read the entire piece.) In December of 2012, I provided a description of the housing recovery from the eyes of mortgage investors who could see the recovery but worried about tightening credit conditions. Six months … Read more