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Greek Referendum Shocks Currency Markets
In what may have been the most ridiculous move in the markets this year, Greek Prime Minister George Papandreou called for a referendum on an EU bailout. The bailout, as agreed in between member...
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Canadian Dollar’s Value is Absolutely Loonie
The Canadian Dollar is on a roll against the currency of its southern neighbor—the US Dollar. Since finding a trough at less than .80 CAD to USD during the financial crisis, the CADUSD pair has risen...
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EURUSD COT Shorts Pull a 180
The easy bet in the foreign exchange markets has been quite clear: short the Euro because the Eurozone has problems. This short-Euro trade makes a lot of sense. It’s also a fairly obvious position,...
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High-Yield Latin Currencies Thin the Herd
Nothing better describes the risk-trade than the on-again, off-again relationship investors share with the emerging markets. Just under two months ago we laid out the case for following emerging market...
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Algorithmic Forex Trading Fails Institutional Investors
Hedge funds and other institutional foreign exchange traders are finding that their computers are failing them in the worst way. Computer models simply don’t understand the underlying fundamentals...
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Short the Swiss Franc
Institutional investors are betting that the Swiss National Bank went too far in putting a price ceiling above the Swiss Franc against the Euro. The Commitment of Traders report shows that traders went...
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Italy’s IMF Bailout May Break the Buck
Europe seems to have found footing—even if in quick sand. It now appears that the IMF will raise some 4-600 billion Euros in support for Italy. Support from the IMF apparently comes cheap. The...
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Foreign Direct Investment in BRIC Countries 2012
Emerging market growth is hardly internal. Some would say that markets grow due to a growing middle class or, in the case of Russia and Brazil, higher energy prices, which lead to a growing middle...
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How China’s Housing Market Could Buoy the Dollar
It is assumed certainty that the Chinese housing bubble is actually a bubble. That is to say that the overwhelming amount of evidence is building against the case for continued Chinese real estate...
View Article2012 US GDP Growth: Thank Warm Weather!
There are many shortcomings of any measure designed to calculate economic growth. Most people would find that a dartboard makes for more accurate predictions than economists. In the short-term,...
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