EURGRD The FX Pair Everyone Should be Talking About

As I write the powers that be in Brussels debate Europe’s future and how Greece plays a role in it. There has never been a question in our mind as to whether or not Greece will leave the EU, it has always been a matter of when. Will that be today? We’ll soon see. Either way its time for markets to start thinking about the implications on FX rates and specifically the soon to be reintroduced EURGRD rate. Read more

Breaking the Hong Kong dollar

Hong Kong is an amazing place. It is a sophisticated country with well developed laws and markets that promote freedom and prosperity. It is consistently ranked as one of the easiest places in the world to do business. It is one of the most important financial centers in the world and its connection to China and proximity to other Asian nations position it well for the growing reemergence of Asia as the dominant global super power. Read more

Well that escalated quickly

For those that jumped on the bullish EURUSD freight train yesterday you better jump back off before it wrecks.

The ECB has announced today the removal of the credit rating waiver for Greek bonds. Read more