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Become a FanWhat’s happening in Greece could happen in America if we’re not careful!
Wednesday, February 15th, 2012Recently, the New York Times did a story on Greece. They reported that 1/4 of all Greek companies have gone out of business since 2009. 1/2 of all businesses in the country say they are unable to meet payroll. The suicide rate has increased by 40% in the first 1/2 of 2011. A barter economy [...]
Oil Heads Higher as Super Tankers Stop Shipping Iranian Oil!
Tuesday, February 14th, 2012As sanctions become tighter, Overseas Shipholding Group and Frontline Ltd. said they would stop shipping Iranian oil. These two companies alone control over 100 super tankers (VLCCs). So now, not only is Iran going to have a hard time figuring out how to get payment for their oil…but now they’re going to have a hard time [...]
Revisiting the Iraqi Dinar Issue Again…
Monday, February 13th, 2012Last night I was working at our church, helping them get ready for this weekend’s opening of our new 3.000-seat cathedral. A lady came up to me and told me that there are people buying up the dinar in their group like crazy. She knew I worked in the currency market and so she wanted [...]
Defend Yourself from the Failing US Dollar with Forex Trading
Friday, February 10th, 2012As the US dollar continues to decline in value, forex trading remains a powerful tool to protect your wealth.
One Sentence from ECB’s Draghi sent my position soaring another 70 pips!
Thursday, February 9th, 2012The day the markets have been waiting for…no not the ECB interest rate announcement, strangely enough. It was the announcement, which oddly enough came through ECB’s Draghi at the press conference. He said a lot of course but it was one single sentence that sent our Currency Cross Trader position in AUD/JPY soarning another 70 [...]
Investing in Forex’s Forgotten 15%!
Thursday, February 9th, 2012My publisher is very excited about the niche market that I trade in. Most forex traders don’t spend near enough time in this very profitable niche of the forex market. So I was asked to go into the studio recently and talk to you about this niche, Forex’s Forgotten 15%. You can check it out [...]
The Japanese Yen will Fall in 2012, and Here’s How You Can Profit
Tuesday, February 7th, 2012At the Yen’s current levels, Japanese companies can’t profit on their exports. That’s why 2012 will see a focused effort to drive the yen lower.
Stealthy Yen Intervention…Keeping the Yen at Bay!
Tuesday, February 7th, 2012For those of you that follow my World Currency Watch articles, you’ll remember thta I stated that the yen simply wasn’t acting right…like a freely tradable currency lately and that told me that I felt that the yen was being messed with – propping USD/JPY up above 76.00. Well, last night I ran across an [...]
2012 Could Be America’s Next “Oil War”!
Tuesday, February 7th, 2012The next Oil War could begin sometime this year. While it’s not certain yet…it certainly is becoming a huge possibility as America and Iran keep trying to “one up” each other. It’s like one country moving a Chess piece and the other one countering with their next move…both trying to Checkmate the other. That’s been [...]
Unemployment & ISM Services Data Shows Things are Slowly Improving in the U.S. for Now
Friday, February 3rd, 2012Amazingly, as we get closer to a presidential election, the employment data starts to improve. There were 243,000 jobs added. The unemployment rate continues to slowly head lower, which is encouraging. It came in at 8.3% vs. 8.5% formerly. Also, the ISM Non-Manufacturing (Services) PMI came in much better than expected. Check it out below. [...]
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