Archive for June, 2011

Will Greece Default? OF COURSE!

Jun 22 2011

I’ve been talking about this for a year, since the first bailout of Greece, a default is in the Greek future.  I’m just glad a few billionaire investors agree with me, it helps me feel NOT crazy! Reuters reported: “For the next three years, we’re going to see different economies…

Currency Trading Momentum Strong and Getting Stronger

Jun 22 2011

As many of you know, currency traders have been multiplying by the zillions (ok maybe not that many, but the number is HIGH) and this massive inflow into currency trading has only accelerated with the continuing exodus from the equities markets. MarketWatch reported: “Investors have pulled a net $50 billion from…

Does America Need to Go Back To School?

Jun 21 2011

Sometimes these topics seem unrelated to forex and what will be the next big move in the currencies, specifically the USD.  It’s important to keep in mind that currencies are the EVERYTHING of the markets, the umbrella all surrounding aspects of equities and economics. Bill Gross had an interesting comment/article about…

Are Interest Rates Going Up?

Jun 09 2011

Bill Gross thinks so and with $243 billion under management, I’m not going to argue…. Too much. MarketWatch Reported: –Bill Gross, founder of PIMCO, says the differences between the U.S. and Japanese economies show why interest rates here have nowhere to go but up. Speaking at the Morningstar Investor Conference,…

Trichet and his famous last words, “Strong vigilance”

Jun 09 2011

With the Greek debt crisis on everyone’s minds its been interesting to watch the continual rally of the EUR/USD.  With the ECB maintaining the key interest rate at status quo this is what was reported, MarketWatch reported: –European Central Bank President Jean-Claude Trichet said Thursday at a press conference that…

Bill Gross and his take on QE3

Jun 08 2011

QE3 is in major question as of now while traders and investors alike are wondering if the FED will put the big bucks into the markets yet once again. The latest soundbite from Bill Gross comes from the Morningstar fund conference, where he again repeated his conviction that there will…