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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

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.

Greek Elections

So the Syriza party has won. FX markets are opening back up and as you can see the EURUSD is back under pressure to the downside. There is nothing surprising about this election nor about the movement of the EURUSD. The Greek tragedy is far

Solar subsidies vs oil subsidies

If you’re not yet contacting your congressman about energy policy you are asleep at the wheel. Let me break this down. Oil is a subsidized business. Fact. OPEC is a cartel run predominantly by government owned oil companies. Fact. Oil is trading below the price