In typical late day action the daily forex market signals are indicating a turnaround post European exchange closings. The US dollar has weakened in the afternoon and we’re seeing strengthening in the risk on securities as per normal – AUD, CAD, NZD. Trading activity such as this really shouldn’t come as any surprize anymore...
In yesterday’s FED POMO 2011 Schedule post, we talked about the slow wind-down of the QE2 program. Given the volume of US Dollars which have already been stuffed into the economy via the other FED monetization programs and MBS purchases we discussed the idea that this latest round of dollar easing amounts to pushing...
Seriously. To make money day trading in this market you have to believe in the story of UP. As fundamentally unstable as the present economy is, the Federal Reserve has taken on the mandate of maintaining asset prices no matter the harm to the US Dollar. Having said that, investors need only know that...
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