I must admit that I have a hard time maintaining an open mind on the yen. I see so many issues impacting the currency relative to the other G-7 that when good news does happen, I tend to discount it (my own “confirmatory bias” peeking through). So let’s start with my predilection that the Yen [...]

Warning: parts of this article (in particular the currency options section) may be for more advanced readers/traders
While most of us have focused for good reasons (liquidity, transparency) on the major currency pairs such as EUR/USD or USD/JPY, there’s a great opportunity waiting out there for those willing to take a chance with less well-known currencies [...]

With a second increase in the RBA (AUD) central bank rate to 3.5% and the Norges bank (NOK) also recently increasing its rate by 25 bps (target rate 1.25-2.25%), the carry trade may be resurrected from the ashes of 2008. The carry trade unwound completely this year as central banks reduced their rates (eg the [...]

I had the priviledge of getting to chat with Capricorn Advisory Mgmt. CIO/Head Trader Mikkel Thorup a few weeks ago. Mikkel is a professional with over 15 years of experience in the financial markets. His experience as a trader on the Prop Desk of Smith Barney eventually led him to form the Capricorn Group where [...]