With this post, I want to try to clarify the Greek fiscal crisis. The problem is that it’s not clear exactly how serious the problem is, because most of the media coverage of the crisis has been directed towards the financial markets’ perception of it, rather than its underlying fundamentals. In the end, I think [...]

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The expectation range for February is tight and this may be cause for more extreme volatility. February has a tight 0.6% range in contrast to January’s

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Here’s another timely story from the Wall Street Journal. Forex markets are in a doozy today with speculation of another possible ratings downgrade for Greece. A bunch of Greek banks were already downgraded earlier this week. However Spain could be the next straw to break:
Greece set off the crisis rattling the [...]

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The Financial Times carried a long article yesterday by Peter Garnham on the fears for the future of the dollar carry trade. The key takeaway from the article is that China estimates the dollar carry trade to be $1.5 trillion compared to an $1 trillion that was put into the Yen carry trade (the [...]

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The Inverse Head and Shoulder Pattern failed with respect to being a “bullish” pattern - but as often happens, if the pattern fails it will make a double bottom. And that’s what happened - as you can see the…

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