Forex Archive

  • Why It’s Time to Pull Out of the Pound

    Why It’s Time to Pull Out of the Pound

    The British pound has experienced a great run over the last month. It has gained an impressive 6.1% against the US dollar and has appreciated 11% against the euro since March. But all of that looks to come to an end. With market volume and interest...

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  • Debunking the Prediction of a Huge Gold Decline Before the World Cup Ends

    Debunking the Prediction of a Huge Gold Decline Before the World Cup Ends

    A recent article by Ruchir Sharma, head of emerging markets at Morgan Stanley Investment Management, predicts a possible 70 percent decline in the value of gold… just like what was seen in the 1980s. Eric Janszen of iTulip persuasively argues against his logic by describing...

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  • High Yielders Sell Off on Bad US Existing Home Sales Data

    High Yielders Sell Off on Bad US Existing Home Sales Data

    Yesterday, after the currencies had sold off in the overnight sessions, they traded throughout the US session in a tight range, with a bias to move higher, but were not able to mount any kind of sustained move against the dollar. This morning, the overnight sessions...

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  • Is Angela Merkel Losing Her Political Capital?

    Is Angela Merkel Losing Her Political Capital?

    Yesterday, while we were honoring the fallen soldiers of today and yesteryear, the Europeans were knocking the stuffing out of the euro (EUR) once again… This time, it was a story that spread like wildfire regarding the Eurozone economy not being able to have strong...

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  • Mr. Market Beats the Bailouts

    Mr. Market Beats the Bailouts

    Well, the fans are getting their money’s worth. After staggering through the last four or five rounds, the Dow suddenly came back to life yesterday. It got up off the mat. Straightened its shorts. Did a little dance. And then wham… By the time the bell...

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  • Euro Drops 2 Cents on Bank of Spain Takeover

    Euro Drops 2 Cents on Bank of Spain Takeover

    As I was packing up to go home yesterday afternoon, the euro (EUR) had moved beyond 1.24, and I said, “I wonder what’s got the euro so perky this afternoon”… Well, that “perky” feeling the euro had at that time was wiped out and more...

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  • US Debt Crisis the Result of Bad Behavior

    US Debt Crisis the Result of Bad Behavior

    Today, the euro. Tomorrow, the dollar. The euro is taking a beating. Investors are worried that it won’t survive Europe’s debt problems. Note, we said ‘debt’ problems. Many experts still believe it is a liquidity problem. That is, they think it’s just a problem of finding financing....

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  • A Look at Retail Gold Demand in China

    A Look at Retail Gold Demand in China

    Bill Bonner, Addison Wiggin, Chris Mayer, and Joel Bowman just recently returned from a trip to China. They described the scene but, due to tight security, they weren’t able to film the gold market there. Fortunately, the UK’s Sky News has been able to take some footage. China’s now...

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