ADE - News and Analysis from Seeking Alpha 'ADE' Tag RSS Syndication from SeekingAlpha.com SeekingAlpha.com http://seekingalpha.com/symbol/ade Thursday Options Update: A Dollar Inspired http://seekingalpha.com/article/173016-thursday-options-update-a-dollar-inspired?source=feed 173016 A late in the week boost for the U.S. dollar finds its basis in the shrouded optimism of words of Chinese Premier, Wen Jiabao. His words on a televised state television interview were reminiscent of just about any other global financial leader when he pointed out that global economic recovery would be “a slow and bumpy process” and noted the uneven nature of world recovery. Asian stocks retreated after his cautious tone and risk preference took a back seat leading to a marginally more appealing dollar. The dollar is up against its Japanese counterpart to ¥90.31 while one euro today buys fewer dollars at $1.4913.

]]> Thu, 12 Nov 2009 10:50:53 -0500 Andrew Wilkinson A late in the week boost for the U.S. dollar finds its basis in the shrouded optimism of words of Chinese Premier, Wen Jiabao. His words on a televised state television interview were reminiscent of just about any other global financial leader when he pointed out that global economic recovery would be “a slow and bumpy process” and noted the uneven nature of world recovery. Asian stocks retreated after his cautious tone and risk preference took a back seat leading to a marginally more appealing dollar. The dollar is up against its Japanese counterpart to ¥90.31 while one euro today buys fewer dollars at $1.4913.


Complete Story »]]> ADE CUD ERE FXA FXB FXC FXE FXF FXY JYN SZE UDN UUP Andrew Wilkinson Wednesday FX View: Geithner Versus the Fed http://seekingalpha.com/article/172776-wednesday-fx-view-geithner-versus-the-fed?source=feed 172776 Much of Tuesday’s reluctance to follow-through in terms of selling the dollar has come undone today. Fresh evidence from China of the state of global growth is compounded by a slew of mediocre comments from Fed officials indicating low rates are part of the economic fixtures and fittings. The euro looks set to remain above $1.50 for the entire U.S. session against the dollar and that would likely create a basis for further gains during this week. The positive Asian market data wheeled the carry-trade back onto center stage right next to its partner of a sickly dollar.

]]> Wed, 11 Nov 2009 11:00:51 -0500 Andrew Wilkinson Much of Tuesday’s reluctance to follow-through in terms of selling the dollar has come undone today. Fresh evidence from China of the state of global growth is compounded by a slew of mediocre comments from Fed officials indicating low rates are part of the economic fixtures and fittings. The euro looks set to remain above $1.50 for the entire U.S. session against the dollar and that would likely create a basis for further gains during this week. The positive Asian market data wheeled the carry-trade back onto center stage right next to its partner of a sickly dollar.


Complete Story »]]> ADE CUD ERE FXA FXB FXC FXE FXF FXY JYN SZE UDN UUP Andrew Wilkinson Tuesday FX View: A Series of Known Factors http://seekingalpha.com/article/172498-tuesday-fx-view-a-series-of-known-factors?source=feed 172498 The dollar has stabilized on Tuesday after a raucous battle to begin the week. However, key influences helping the dollar stand up appear to be a series of known factors that may have only provoked light profit taking before the move can continue. With many currencies reaching new highs for this move recently and the dollar index reaching a 13-month low there is a reasonable amount of resistance towards a headlong lunge into fresh territory for now at least.

]]> Tue, 10 Nov 2009 10:22:15 -0500 Andrew Wilkinson The dollar has stabilized on Tuesday after a raucous battle to begin the week. However, key influences helping the dollar stand up appear to be a series of known factors that may have only provoked light profit taking before the move can continue. With many currencies reaching new highs for this move recently and the dollar index reaching a 13-month low there is a reasonable amount of resistance towards a headlong lunge into fresh territory for now at least.


Complete Story »]]> ADE CUD ERE FXA FXB FXC FXE FXF FXY JYN SZE UDN UUP Andrew Wilkinson Monday FX View: Bon Appetit http://seekingalpha.com/article/172222-monday-fx-view-bon-appetit?source=feed 172222 Today investors are gorging on anything other than the U.S. dollar as a new feast of fourth quarter risk appetite gets underway. It took perhaps an hour to get over Friday’s sticker-shock in the shape of a 10.2% headline reading of unemployment before the dollar would lie back down. Over the weekend it took admission from the G20 that the world economy is “not out of the woods yet,” and a weekend report from the IMF noting that the dollar has moved “closer to medium term equilibrium” but remains “on the strong side,” to rally another episode of risk appetite. The dollar so far has fallen to a two-week low in terms of the broad-based dollar index and the euro has once again regained $1.50. It seems that it’s becoming easier to convince investors that trading in their worn out dollars might be rewarded with incremental gains in riskier overseas assets.

]]> Mon, 09 Nov 2009 10:27:04 -0500 Andrew Wilkinson Today investors are gorging on anything other than the U.S. dollar as a new feast of fourth quarter risk appetite gets underway. It took perhaps an hour to get over Friday’s sticker-shock in the shape of a 10.2% headline reading of unemployment before the dollar would lie back down. Over the weekend it took admission from the G20 that the world economy is “not out of the woods yet,” and a weekend report from the IMF noting that the dollar has moved “closer to medium term equilibrium” but remains “on the strong side,” to rally another episode of risk appetite. The dollar so far has fallen to a two-week low in terms of the broad-based dollar index and the euro has once again regained $1.50. It seems that it’s becoming easier to convince investors that trading in their worn out dollars might be rewarded with incremental gains in riskier overseas assets.


Complete Story »]]> ADE CUD ERE FXA FXB FXC FXE FXF FXY JYN SZE UDN UUP Andrew Wilkinson Thursday FX View: Trichet Offers the U.S. His Sledgehammer http://seekingalpha.com/article/171488-thursday-fx-view-trichet-offers-the-u-s-his-sledgehammer?source=feed 171488 The ECB was the last of the three major central banks to leave its short term benchmark rate unchanged today. On Wednesday the Fed reiterated the same message it conveyed in September by stating that policy would remain accommodative. With official short term yields steady investors focused on the posturing and variety of tones apparent within each statement. After today’s ECB press conference its president, Jean Claude Trichet tossed the challenge of a vulnerable dollar back into the court of the U.S. treasury when he stated that a strong dollar was in the interests of United States. Such sledgehammer diplomacy is unlikely to provoke the U.S. into intervention mode in what has been a rather orderly decline of the greenback.

]]> Thu, 05 Nov 2009 10:24:40 -0500 Andrew Wilkinson The ECB was the last of the three major central banks to leave its short term benchmark rate unchanged today. On Wednesday the Fed reiterated the same message it conveyed in September by stating that policy would remain accommodative. With official short term yields steady investors focused on the posturing and variety of tones apparent within each statement. After today’s ECB press conference its president, Jean Claude Trichet tossed the challenge of a vulnerable dollar back into the court of the U.S. treasury when he stated that a strong dollar was in the interests of United States. Such sledgehammer diplomacy is unlikely to provoke the U.S. into intervention mode in what has been a rather orderly decline of the greenback.


Complete Story »]]> ADE CUD ERE FXA FXB FXC FXE FXF FXY JYN SZE UDN UUP Andrew Wilkinson Wednesday FX View: An End to the Exit Talk? http://seekingalpha.com/article/171174-wednesday-fx-view-an-end-to-the-exit-talk?source=feed 171174 The two low-yielding soft currencies (the dollar and yen) are lower today as FOMC decision day has finally arrived. We can now look back with the benefit of hindsight and say that the recent boost to the dollar and yen were due to worries over the prospects for the U.S. economy and how that might transmit less cause for other central bankers to push for removal of monetary stimulus. That causes a wider yield differential and harms the appeal of the dollar. Instead, dealers have concluded that it’s business as usual and that the economy continues to progress, which means that it’s once again time to ditch the dollar.

]]> Wed, 04 Nov 2009 11:35:38 -0500 Andrew Wilkinson The two low-yielding soft currencies (the dollar and yen) are lower today as FOMC decision day has finally arrived. We can now look back with the benefit of hindsight and say that the recent boost to the dollar and yen were due to worries over the prospects for the U.S. economy and how that might transmit less cause for other central bankers to push for removal of monetary stimulus. That causes a wider yield differential and harms the appeal of the dollar. Instead, dealers have concluded that it’s business as usual and that the economy continues to progress, which means that it’s once again time to ditch the dollar.


Complete Story »]]> ADE CUD ERE FXA FXB FXC FXE FXF FXY JYN SZE UDN UUP Andrew Wilkinson Will Canada Be Next to Raise Interest Rates? http://seekingalpha.com/article/170901-will-canada-be-next-to-raise-interest-rates?source=feed 170901 Rate hikes by the Reserve Bank of Australia have led some analysts to wonder if the Bank of Canada will be soon following suit. David A. Rosenberg, Chief Economist & Strategist at Gluskin Sheff, is not one of them.

]]> Tue, 03 Nov 2009 13:59:17 -0500 Larry MacDonald Larry MacDonald submits:

Rate hikes by the Reserve Bank of Australia have led some analysts to wonder if the Bank of Canada will be soon following suit. David A. Rosenberg, Chief Economist & Strategist at Gluskin Sheff, is not one of them.


Complete Story »]]> ADE CUD Larry MacDonald Tuesday FX View: Currency Traders Take a Beating as Dollar Rally Gives Way http://seekingalpha.com/article/170869-tuesday-fx-view-currency-traders-take-a-beating-as-dollar-rally-gives-way?source=feed 170869 Today’s exchange rate movements are a little tough to decipher. Broadly speaking the dollar was well bid earlier, while the price of gold also jumped and is clearly mulling over the notion of making a thunderous bolt to the upside towards a record high. But a mid-morning event, that we are yet to isolate, has sent the dollar careening. Weakness in equity markets once again brings focus back onto the aftermath of the financial crisis. Further British government injections to the banking system are stirring the mix, reminding investors that stability does not necessarily encompass recovery.

]]> Tue, 03 Nov 2009 11:15:24 -0500 Andrew Wilkinson Today’s exchange rate movements are a little tough to decipher. Broadly speaking the dollar was well bid earlier, while the price of gold also jumped and is clearly mulling over the notion of making a thunderous bolt to the upside towards a record high. But a mid-morning event, that we are yet to isolate, has sent the dollar careening. Weakness in equity markets once again brings focus back onto the aftermath of the financial crisis. Further British government injections to the banking system are stirring the mix, reminding investors that stability does not necessarily encompass recovery.


Complete Story »]]> ADE CUD ERE FXA FXB FXC FXE FXF FXY JYN SZE UDN UUP Andrew Wilkinson Move Along, No Aussie Housing Bubble to See Here http://seekingalpha.com/article/170763-move-along-no-aussie-housing-bubble-to-see-here?source=feed 170763 [click to enlarge]

AUS Home Prices Sep09 Inflation Adj

The price of Established Australian Homes rose 4.2% in 3Q09 according to a report released by the abs today. Melbourne led the gains with a rise of 4.7% in the September quarter closely followed by a 4.4% rise in Brisbane and a 4.3% rise in Sydney. The sharp upturn over the last 6 months in home prices across all capital cities is evident in the chart above.

]]> Tue, 03 Nov 2009 05:38:50 -0500 The Fundamental Analyst The Fundamental Analyst submits:

[click to enlarge]

AUS Home Prices Sep09 Inflation Adj

The price of Established Australian Homes rose 4.2% in 3Q09 according to a report released by the abs today. Melbourne led the gains with a rise of 4.7% in the September quarter closely followed by a 4.4% rise in Brisbane and a 4.3% rise in Sydney. The sharp upturn over the last 6 months in home prices across all capital cities is evident in the chart above.


Complete Story »]]> ADE EWA The Fundamental Analyst Economic News: What's Ahead http://seekingalpha.com/article/170711-economic-news-what-s-ahead?source=feed 170711 The video clips below provide a handy summary of the reports expected on the economic, financial and corporate front around the globe during the week ahead.

US: Employment, autos, rates

]]> Tue, 03 Nov 2009 03:22:04 -0500 Prieur du Plessis Prieur du Plessis submits:

The video clips below provide a handy summary of the reports expected on the economic, financial and corporate front around the globe during the week ahead.

US: Employment, autos, rates


Complete Story »]]> ADDYY.PK ADE BNPQY.PK DT NSANY SCGLY.PK TM TOT UBS Prieur du Plessis Monday FX View: A Smoother Start to a Week Has Dealers Mark Down Dollar http://seekingalpha.com/article/170552-monday-fx-view-a-smoother-start-to-a-week-has-dealers-mark-down-dollar?source=feed 170552 It’s amazing the difference a weekend can make and once again as we situate ourselves this morning, it’s as if nothing ever happened last week. At the least one couldn’t really tell that equity markets came under severe stress and that broadening ranges jolted implied volatility into action. At the start of a busy week with the global focus on central bank decisions, the soother start has given dealers cause to soften their demand for dollars and yen and once again commodity dollars are back in demand.

]]> Mon, 02 Nov 2009 10:20:44 -0500 Andrew Wilkinson It’s amazing the difference a weekend can make and once again as we situate ourselves this morning, it’s as if nothing ever happened last week. At the least one couldn’t really tell that equity markets came under severe stress and that broadening ranges jolted implied volatility into action. At the start of a busy week with the global focus on central bank decisions, the soother start has given dealers cause to soften their demand for dollars and yen and once again commodity dollars are back in demand.


Complete Story »]]> ADE CUD ERE FXA FXB FXC FXE FXF FXY JYN SZE UDN UUP Andrew Wilkinson Australian / U.S. Dollar Trade: Define Risk http://seekingalpha.com/article/170331-australian-u-s-dollar-trade-define-risk?source=feed 170331 By Mike Conlon

Right now in the markets, there are essentially 2 trades: Risk-taking and risk-averting. The risk-taking trade can be summarized as U.S. dollar and Japanese yen down, bonds down, everything else up. Risk-averting is just the opposite. Oh sure, you get the occasional stock that goes down because of blatant corporate mismanagement, but overall stocks will go up if the dollar declines. With this in mind, it still amazes me that people talk about individual company fundamentals when analyzing stocks as if it matters. In reality, the only thing one really needs to look at is the strength of the U.S. dollar.

]]> Sun, 01 Nov 2009 03:18:12 -0500 myWealth.com Sean Hyman submits:

By Mike Conlon

Right now in the markets, there are essentially 2 trades: Risk-taking and risk-averting. The risk-taking trade can be summarized as U.S. dollar and Japanese yen down, bonds down, everything else up. Risk-averting is just the opposite. Oh sure, you get the occasional stock that goes down because of blatant corporate mismanagement, but overall stocks will go up if the dollar declines. With this in mind, it still amazes me that people talk about individual company fundamentals when analyzing stocks as if it matters. In reality, the only thing one really needs to look at is the strength of the U.S. dollar.


Complete Story »]]> ADE myWealth.com Paul Tudor Jones: Gold's Undervalued and Bonds Are a Curve Flattener Play http://seekingalpha.com/article/170167-paul-tudor-jones-gold-s-undervalued-and-bonds-are-a-curve-flattener-play?source=feed 170167 In his latest letter to investors, hedge fund manager and legendary trader Paul Tudor Jones outlines his firm's thoughts on the topics of equities, bonds, and currencies. Tudor's letter is one of those 'must reads' as his macro sense is phenomenal and he is one of the greatest traders of all time (performance returns summary here). What's interesting about his latest letter is the fact that they included a special section addressing the all too talked about precious metal.

Gold

]]> Fri, 30 Oct 2009 08:45:22 -0400 Market Folly Market Folly submits:

In his latest letter to investors, hedge fund manager and legendary trader Paul Tudor Jones outlines his firm's thoughts on the topics of equities, bonds, and currencies. Tudor's letter is one of those 'must reads' as his macro sense is phenomenal and he is one of the greatest traders of all time (performance returns summary here). What's interesting about his latest letter is the fact that they included a special section addressing the all too talked about precious metal.

Gold


Complete Story »]]> ADE EWT EWZ GLD SPY Market Folly Thursday FX View: Dollar Flexing at an Impasse After Growth Soothes Nerves http://seekingalpha.com/article/169838-thursday-fx-view-dollar-flexing-at-an-impasse-after-growth-soothes-nerves?source=feed 169838 The oversize rebound in the value of the British pound this morning indicates the reliance the globe has on U.S. led growth. Third quarter American GDP jumped at a 3.5% pace. Today’s data provided investors with a reason to breathe easier after several sessions in which they fretted about weaker growth ahead despite the fact that just about all S&P component companies are turning in A-plus report cards. The data caused the risk pendulum to reach its maximum extent and on the backstroke has clipped the dollar and yen on the hop. The dollar is down across the board except against the yen.

]]> Thu, 29 Oct 2009 11:00:19 -0400 Andrew Wilkinson The oversize rebound in the value of the British pound this morning indicates the reliance the globe has on U.S. led growth. Third quarter American GDP jumped at a 3.5% pace. Today’s data provided investors with a reason to breathe easier after several sessions in which they fretted about weaker growth ahead despite the fact that just about all S&P component companies are turning in A-plus report cards. The data caused the risk pendulum to reach its maximum extent and on the backstroke has clipped the dollar and yen on the hop. The dollar is down across the board except against the yen.


Complete Story »]]> ADE CUD ERE FXA FXB FXC FXE FXF FXY JYN SZE UDN UUP Andrew Wilkinson Australian Dollar Demonstrates New 'Niagara Falls' Technical Pattern http://seekingalpha.com/article/169775-australian-dollar-demonstrates-new-niagara-falls-technical-pattern?source=feed 169775
The pattern below on the 4 hour chart for AUD/JPY might be best described as the Niagara Falls pattern. It arises when lots of fund managers all head for the same exit doors at the same time.
Click to enlarge:

Until last week it seemed that the solution as to what to do with all of the jaw dropping amounts of "liquidity" being created by the world's central banks, was to buy Australian dollars.

Now to quote Borat - not so much.

]]> Thu, 29 Oct 2009 06:55:06 -0400 Clive Corcoran Clive Corcoran submits:

The pattern below on the 4 hour chart for AUD/JPY might be best described as the Niagara Falls pattern. It arises when lots of fund managers all head for the same exit doors at the same time.
Click to enlarge:

Until last week it seemed that the solution as to what to do with all of the jaw dropping amounts of "liquidity" being created by the world's central banks, was to buy Australian dollars.

Now to quote Borat - not so much.


Complete Story »]]> ADE FXY Clive Corcoran Wednesday FX View: Risk Aversion Theory Boosts Yen and Dollar http://seekingalpha.com/article/169485-wednesday-fx-view-risk-aversion-theory-boosts-yen-and-dollar?source=feed 169485 Ongoing concerns over a budding recovery have pushed to one side the appetite for high yield and serve to punctuate a slide in the dollar. Investors watching recent increases in various measures of volatility and bond yields accelerated by a shifting emphasis to central banks’ exit strategies have heightened the expectation that an imminent market correction is well overdue. The rally in the euro nevertheless still looks as though it has life left in it as the single European currency treads water at $1.4790.

]]> Wed, 28 Oct 2009 10:56:01 -0400 Andrew Wilkinson Ongoing concerns over a budding recovery have pushed to one side the appetite for high yield and serve to punctuate a slide in the dollar. Investors watching recent increases in various measures of volatility and bond yields accelerated by a shifting emphasis to central banks’ exit strategies have heightened the expectation that an imminent market correction is well overdue. The rally in the euro nevertheless still looks as though it has life left in it as the single European currency treads water at $1.4790.


Complete Story »]]> ADE CUD ERE FXA FXB FXC FXE FXF FXY JYN SZE UDN UUP Andrew Wilkinson Tuesday FX View: Decay in Consumer Confidence Sends Dollar Surging http://seekingalpha.com/article/169139-tuesday-fx-view-decay-in-consumer-confidence-sends-dollar-surging?source=feed 169139 The backbone to the United States economy took a nasty jolt in the shape of slumping consumer confidence in October. The reading of 47.7 fell well short of an improvement on September’s reading of 53.4. Investors reacted by selling currencies in favor of the U.S. dollar, which rose to a two-week high against the euro by breaching $1.47 for the first time since October 13. In all it’s taken just 24 hours for the dollar to reclaim the two cent gain that speculators took two weeks to build. The euro currently buys $1.4808 while the pound has shaken off the dust and is now marginally back up against the dollar at $1.6328.

]]> Tue, 27 Oct 2009 11:04:18 -0400 Andrew Wilkinson The backbone to the United States economy took a nasty jolt in the shape of slumping consumer confidence in October. The reading of 47.7 fell well short of an improvement on September’s reading of 53.4. Investors reacted by selling currencies in favor of the U.S. dollar, which rose to a two-week high against the euro by breaching $1.47 for the first time since October 13. In all it’s taken just 24 hours for the dollar to reclaim the two cent gain that speculators took two weeks to build. The euro currently buys $1.4808 while the pound has shaken off the dust and is now marginally back up against the dollar at $1.6328.


Complete Story »]]> ADE CUD ERE FXA FXB FXC FXE FXF FXY JYN SZE UDN UUP Andrew Wilkinson Monday FX View: The Dollar Stands Still http://seekingalpha.com/article/168848-monday-fx-view-the-dollar-stands-still?source=feed 168848 Most currencies are higher versus the dollar to start the trading week although the dollar index is down a mere seven basis points to stand at 75.53. There are several contrary influences weighing on near-term direction, yet none seem persuasive enough to create a breakout from the recent range. With U.S. growth data due on later in the week the stakes were raised by Monday’s strong 2.9% GDP reading from South Korea – a whole percentage point better than was expected. This reminder that the Asian and pacific economies are snapping back fast and arguably bodes badly for the dollar. Will a strong U.S. report card hinder or bolster it, we wonder?

]]> Mon, 26 Oct 2009 10:26:42 -0400 Andrew Wilkinson Most currencies are higher versus the dollar to start the trading week although the dollar index is down a mere seven basis points to stand at 75.53. There are several contrary influences weighing on near-term direction, yet none seem persuasive enough to create a breakout from the recent range. With U.S. growth data due on later in the week the stakes were raised by Monday’s strong 2.9% GDP reading from South Korea – a whole percentage point better than was expected. This reminder that the Asian and pacific economies are snapping back fast and arguably bodes badly for the dollar. Will a strong U.S. report card hinder or bolster it, we wonder?


Complete Story »]]> ADE CUD ERE FXA FXB FXC FXE FXF FXY JYN SZE UDN UUP Andrew Wilkinson Thursday FX View: Chinese GDP Offers Dollar Reprieve http://seekingalpha.com/article/168144-thursday-fx-view-chinese-gdp-offers-dollar-reprieve?source=feed 168144 The dollar took its cue this morning from Chinese government data showing that perhaps the domestic economy is chugging along comfortably after the impact of its $586 billion in stimulus efforts. But markets, being what they are, have twisted today’s bullish data into a risk-off recipe that allegedly draws attention to the role of the dollar as a safe haven. We’re not sure we concur with this view, yet remain content to watch the dollar extend gains after being bashed about for several days now. There’s still no containing the euro, which continues to display a bullish undertow at $1.4982 this morning.

]]> Thu, 22 Oct 2009 10:49:41 -0400 Andrew Wilkinson The dollar took its cue this morning from Chinese government data showing that perhaps the domestic economy is chugging along comfortably after the impact of its $586 billion in stimulus efforts. But markets, being what they are, have twisted today’s bullish data into a risk-off recipe that allegedly draws attention to the role of the dollar as a safe haven. We’re not sure we concur with this view, yet remain content to watch the dollar extend gains after being bashed about for several days now. There’s still no containing the euro, which continues to display a bullish undertow at $1.4982 this morning.


Complete Story »]]> ADE CUD ERE FXA FXB FXC FXE FXF FXY JYN SZE UDN UUP Andrew Wilkinson Wednesday FX View: Euro Breaches $1.50 – What Next? http://seekingalpha.com/article/167868-wednesday-fx-view-euro-breaches-1-50-what-next?source=feed 167868 Savvy investors could tell something was up earlier this morning as equity index futures pointed lower, while an earlier rally in the dollar index petered out. In typical knee-jerk reaction lower stocks should be followed by a stronger dollar as investors react to lower risk appetite. However, that argument is fast becoming untenable as earnings smash through expectations and equity market volatility slumps towards a reading of 20. The Vix has not traded below that value since August 2008. A wrong footing from the futures market today has created a perfect backdraft to hoist the euro above $1.50 as the dollar takes an all around shellacking making yesterday’s rally look like fool’s gold.

]]> Wed, 21 Oct 2009 11:38:17 -0400 Andrew Wilkinson Savvy investors could tell something was up earlier this morning as equity index futures pointed lower, while an earlier rally in the dollar index petered out. In typical knee-jerk reaction lower stocks should be followed by a stronger dollar as investors react to lower risk appetite. However, that argument is fast becoming untenable as earnings smash through expectations and equity market volatility slumps towards a reading of 20. The Vix has not traded below that value since August 2008. A wrong footing from the futures market today has created a perfect backdraft to hoist the euro above $1.50 as the dollar takes an all around shellacking making yesterday’s rally look like fool’s gold.


Complete Story »]]> ADE CUD ERE FXA FXB FXC FXE FXF FXY JYN SZE UDN UUP Andrew Wilkinson