Author Bio

This week looked absolutely miserable outside Currensee World HQ in Boston. And depending on which piece of news or commentary we were reading that day, the economic climate wasn’t looking much better. It seemed like every article I read heeded a warning about the doomed Euro or a tanking USD. As much as I like to dwell in my own self-loathing over my downright pathetic Forex account, sometimes enough is enough. Which made me realize, as traders (and people in general), when we’re in a particular mood or funk we seek news and information that mirrors our tone – happy or crabby.

So here’s a roundup of links that caters to every mood swing that went on this week.

If you’re in a doom and gloom mood, we’ll let you sulk for a little longer:

• The ultimate Forex-”diss”: you’re trading system is just fine – you’re the problem. Wicked burn.
• Remember 2008? (As if you could forget.) Let’s relive that moment, and what progress has been made since.

If you want to think happy thoughts, here’s some feel-good bits:

• Apparently, there’s an anatomy to a bullish market. Here’s what to do and how to capitalize on each part of it.
• Here’s an interesting take on the relationship between the USD and the US national debt. (Hint: debt-dollar link may not be what you think.)

And if you don’t know what you’re thinking:

• Durable goods are selling, new homes aren’t, and the USD is lost in the shuffle.
• The consensus seems to be that there’s a “new normal” economy. Don’t take our word for it – you can read about it everywhere, in the good ol’ Journal and in commentary from Currensee members.

We’re big fans of off-kilter Forex news and trivia around here, and get the hunch that some of our members may share our off sense of humor. We recently came across an article about having super-tricked-out work (or trade) station and how it helps or hinders productivity. Now, we know Currensee members are serious about Forex – why else would you trade together? So we want to see your trade station – where the magic happens, where you are last pip standing, where 95% cry themselves to sleep every night. Post photos of your Forex Fortress to our Facebook wall. We can’t wait to see them!

Have a piece of news or blog you want to share, or write one of your very own? Share it! We’re all about collaboration – it’s kind of our thing – and sharing the Forex good vibes. So drop us a line – you know where to find us.

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Be sure to read the full risk disclosure before trading Forex. Please note that Forex trading involves significant risk of loss. It is not suitable for all investors and you should make sure you understand the risks involved before trading. Performance, strategies and charts shown are not necessarily predictive of any particular result. And, as always, past performance is no indication of future results.

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Be sure to read the full risk disclosure before trading Forex. Please note that Forex trading involves significant risk of loss. It is not suitable for all investors and you should make sure you understand the risks involved before trading. Performance, strategies and charts shown are not necessarily predictive of any particular result. And, as always, past performance is no indication of future results. Investor returns may vary from Trade Leader returns based on slippage, fees, broker spreads, volatility or other market conditions.

Author Bio

Last week I concentrated on the fact that Mr. Obama had far more to worry about than BP – namely poor fiscal policy and the impending debacle in housing. Last week’s shocking stats were a brutal reminder of what’s in store, and no one should be soothed by those who point to the small year on year rise in the median house prices. Both new home sales prices and the 4-week average of mortgage applications dropped sharply. It was also alluded to that Mr. Obama would continue to believe that fiscal stimulus was the answer, and this week he has politely castigated his European counterparts for doing the opposite. He forgets one key difference – the fact that the dollar remains the reserve currency of the world, which allows a buffer against the plague of worries that have hit Europe.

I have long been bullish on the pound, especially once the election was out of the way. It is clear to me that those countries which have both political will and mandate from the population to do what is necessary to cut deficits will benefit. The question now is whether the markets will finally shift their focus further to those that propose no intention to. This last week, during which I have been away on business, I took a step back from the day-to-day hurly burly, and it is clear now that in this last week’s price action – for the first time in many months – equity weakness has not equaled dollar strength. I find FX the hardest asset class to trade, as I am a directional trader and every FX trade is a spread. It is about working out where the relative movement will come. However, what is clear is that the risk is that focus will turn on America’s huge deficits and begin to exact a toll on the dollar. Carry trades can quickly unravel and any further equity weakness and a lack of positive dollar reaction to it, or equity strength, which should see the risk currencies over perform. These highlight how a shift in the dollar’s dynamic over the coming months could just be beginning.

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Be sure to read the full risk disclosure before trading Forex. Please note that Forex trading involves significant risk of loss. It is not suitable for all investors and you should make sure you understand the risks involved before trading. Performance, strategies and charts shown are not necessarily predictive of any particular result. And, as always, past performance is no indication of future results.