Currency Trader Wins CNBC Challenge

CNBC has officially announced the winner of their Million Dollar Portfolio Challenge and GUESS WHAT, the number 1 currency trader is the winner of the entire contest!
I am thoroughly excited because it certainly adds an extra ounce of credibility to the market that I love the most!

Euro Needs Better Governance

Last week, the Forex Blog covered an IMF report that claimed the period of Dollar hegemony is nowhere near finished. This view appears to be widely held, and an American economist argued in a recent op-ed piece that the Euro...

In the Financial Papers: Today’s Top Forex News 07.29.08

Here is the “In the Financial Papers Radio Broadcast” (Length: 3:47 minutes). The player should load automatically. Please let me know if you like it. Contact Kathy
Read my Daily report on DailyFX.com
In the Financial Papers:
















 
Podcast Covers:
Dollar Rallies on Stronger Consumer Confidence
Merrill to Sell $8.5 Billion of Shares as Thain Unloads Money-Losing CDOs
Home Prices in 20 [...]

Zimbabwe Revalues Currency

The exchange rate between Zimbabwe's local currency and the US Dollar is currently 110 Billion:1, give or take a few zeroes. This complete collapse in confidence surrounding the currency is redolent of post-war Germany, when a wheelbarrow full of Deutsch...

The FX Market is Growing! Volume on the Rise

Last year, the Bank of International Settlements announced that FX market volume increased 71 percent between 2004 and 2007 and amidst all of the financial market turmoil, trading is on the rise once again.
The equity, commodity and bond markets have been particularly tough this year, causing many investors to cut back on risk, [...]

New President Will Help Dollar

By one measure, the US Dollar has lost 33.8% of its value under President George Bush, its worst performance by far under any one administration. The burgeoning twin deficits, lackluster economic performance, as well as the current environment of stagflation...

Canadian Dollar: Headed for More Losses?

In 2007, the Canadian Dollar was named Time Magazine’s Canadian Newsmaker of the year. Having hit a high of 0.9059 against the US dollar, it smoked its US counterpart. At the time, the Loonie skyrocketed because of a booming economy and skyrocketing oil prices.
However in the second half of 2008, the tides are [...]

Dollar Bulls: More Tolerance to Pain?

For the US dollar, it is going to be a slow start to the new week with no major data due for release until Thursday. Consumer confidence and house prices will be out tomorrow and given the upside surprises last week, the data could be dollar positive. However investors will continue to be [...]

IMF: Dollar Remains Paramount

In a recent report on the state of the Dollar, the International Monetary Fund (IMF) declared that the Dollar's unprecedented period of dominance will not likely come to an end anytime soon. This assertion seems to sharply contradict the 25%...

In the Financial Papers: Today’s Top Forex News 07.28.08

Here is the “In the Financial Papers Radio Broadcast” (Length: 5:00 minutes). The player should load automatically. Please let me know if you like it. Contact Kathy
Read my Daily report on DailyFX.com
In the Financial Papers:
















 
Podcast Covers:
Big Week Ahead for US Dollar
2 Bank Taken Over by FDIC this Weekend
Hedge Funds May Post Worst Month in Five [...]

Credit Crisis Could Lift Yen, Franc

As the credit crisis has unfolded, the Dollar has remained (relatively) strong, especially considering the deteriorating state of its economy. The reason for this, of course, is that in times of crisis, investors flock to perceived safe havens, such as...

US Dollar Shaking Off Risk Aversion

Even though the stock market dropped by the largest amount since 2000, the US dollar is shaking off risk aversion to rebound back towards its monthly highs against the Japanese Yen. I’ve been keeping a close eye on gold prices and the fall in gold this morning confirms that the markets have not been [...]