Forex Howto

I think my market predictions for 2009 are well and truly out.
I just read a story which scares me.
Freight rates for containers shipped from Asia to Europe have fallen to zero for the first time since records began, underscoring the dramatic collapse in trade since the world economy buckled in October.
Shipping rates hit zero as [...]

Last year I was pretty confident in my predictions, this year my theme is pretty flat.

The US will hurt, a recovery probably won’t happen in 2009, certainly not in the first half of the year,
The UK will hurt as well.
Some oil rich countries will hurt.
I’m expecting a major plunge in the USD, though I’m still [...]

At the beginning of 2008 I made some predictions on another of my blogs which is no longer online about where I thought the markets were going.
The predictions I made are as follows with my comments now about each prediction in bold/italics:

Oil is going UP… this has been my view for a long time now, [...]

Bit quiet on my trading front lately, busy with real work mostly and the few times I’ve looked at a trade it hasn’t been quite right.
I just read an interesting interview with an analyst called Stephanie Pomboy talking about the USD with Barrons though I read it courtesy of 1440 Wall Street.
A key quote for [...]

One of the books that I have stashed away somewhere yet to read is Liar’s Poker by Michael Lewis. It’s a fairly old book which may be outdated now with the problems that have happened in the last year and a bit.
Anyway, there’s an excellent read (pretty long in on screen reading terms) written by [...]

This thought coming from outside where I was thinking though I find it very interesting, and they’re pretty solid arguments.
With Switzerland having a GDP of about $300billion, they can’t afford to bail out UBS and Credit Suisse, interesting times ahead.
More to read on FT Alphaville, Portfolio.com and Crooked Timber.
Make sure to have a look at [...]

You’ll have to excuse the fact that this post is not really at first glance much about FOREX, more about corporate cultural differences between Japan and western countries in general… which in a way is related to FOREX.
I read an interesting story about corporate culture at Toyota, even in tough times they don’t lay off [...]

I’m a big fan of Jim Rogers, it seems all general world ideas I have are rather similar with his outlook on the world. There is one major difference (OK maybe more than one when you consider the differences in net worth etc. ), he knows about a LOT more asset classes than I [...]

I was pleased to see that America elected Barak Obama to be their next president (and in such emphatic style), however I was surprised that the FOREX markets have barely reacted.
I can’t help wondering that perhaps the markets already had factored in his election.
Thinking very long term I’m guessing that his world citizen approach should [...]

One of the people I follow on twitter is previous, I just noticed a graphic he posted a link to (sorry I don’t know the original source), I thought it was quite interesting, not so much from a FOREX perspective, though more from an American economy perspective.

Make sure to click through for the full sized [...]