Tag Archives: CNBC

Money in Motion Currency Trades Update

By Andrew Busch | Published: June 15, 2011

On Friday’s Money In Motion, I had two trades that I liked for this week. The first one was a re-entry of a Euro short from the original ECB short I had. Here are the details:

ANDY’S OLD EURO/DOLLAR

Sell Euro/Buy Usd

Entry 1.4650

S/L 1.4750

T/P 1.4450

ANDY’S NEW TRADE

Sell Euro/Buy Usd

Entry: 1.4450 (old T/P)

S/L 1.4550

T/P 1.4150

You got your opportunity to put this trade on when the Euro rallied to 1.4500 yesterday. Now, move your stop to 1.4450 and cover half the position at the original profit area of 1.4150. If Greece defaults or … …READ MORE

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CNBC at 11:30 AM ET on President Obama's economic program

By Andrew Busch | Published: June 3, 2011

Since I’m on CNBC at 11:30 discussing President Obama’s economic program, I thought I’d reprint my testimony in front of Congress on the topic.

Here it is:

Chairman Issa, Ranking Member Cummings, subcommittee Chairman Jordan and Ranking Member Kucinich, thank you for the opportunity to participate in today’s hearing and to share my views regarding the American Recovery and Reinvestment Act of 2009 and, specifically, the results two years after its enactment on the economy and the financial markets.
As you may know, I am the Bank of Montreal’s Global Currency and Public Policy Strategist. I have worked in the … …READ MORE

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Money in Motion Trade:

By Andrew Busch | Published: May 19, 2011

From CNBC’s Squawk on the Street appearance yesterday, I proposed this trade:

Buy Euro/Sell Jpy
Entry 114.00
S/L 112.75
T/P 119.50
4.4:1 return
• The IMF scandal, concerns over Greece default, and easier than expected ECB comments have driven down the euro ag the US dollar and yen.
• All three have obscured the better than expected GDP and the still large interest rate differentials favoring the Euro.
• The US data continues to surprise to the downside and the Japanese data are pointing to a recession.
• The Bank of Japan meets on May 20th and the Japanese government … …READ MORE

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Media Appearances Today

By Andrew Busch | Published: April 20, 2011

Today at 9:50 AM ET, I’ll be appearing on CNBC’s Squawk on the Street discussing the potential for a major US dollar devaluation.

Today from 9-10 AM CT, I’ll be appearing on National Public Radio Chicago’s 848 discussing the S&P US outlook downgrade.… …READ MORE

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CNBC Money in Motion Trade:

By Andrew Busch | Published: April 11, 2011

Friday, I put forward this trade on the show.

• The New Zealand dollar has rallied against the US dollar since mid-March and is up over 660 points.
• New Zealand has struggled with it’s own earthquake and the negative impact on their economy.
• The Reserve Bank of New Zealand cut their official overnight rates on March 9th by 50 basis points to 2.5% to help spur economic growth.
• In currencies, interest rate differentials or simply the spread between short term interest rates matter for currency direction.
• Very simply, what we call FX forwards are the interest … …READ MORE

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CNBC MIM Trade

By Andrew Busch | Published: March 24, 2011

Yesterday, I went on Squawk on the Street and presented explained this trade:

Buy euros

Entry 1.4060

S/L 1.3950

T/P 1.4250

2:1 return

For good money management, we can tweak this trade today by cutting back risk and leaving a stop at our entry point. Here’s the trade adjustment:

Sell half the position now (1.4140-50)

S/l 1.4050

T/P 1.4250

Risk 10 pips to make 190 on half the position or 95 on full position. Currency trading is all about adjusting and taking the right risk when you want the risk.… …READ MORE

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Positive US Cycle Accelerating

By Andrew Busch | Published: December 17, 2010

By now, you have seen that late last night the US House passed President Obama’s tax and spending bill. Despite the hyperbole from the left, lame duck Democrats joined Republicans to ensure the US economy avoid a disastrous hike in tax rates. Most economists are calling for the measure to add 0.5-1.0% to GDP and taking the US economy up to 3.0-4.0% growth for 2011.

In turn, this has triggered a fascinating development in the financial markets. US interest rates have soared with the yield on the US Treasury 10 year note rising over 100 basis points to 3.55%. While … …READ MORE

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CNBC Video

By Andrew Busch | Published: October 22, 2010

Why I thnk mkts will b bummed after 11.2&11.3. http://www.cnbc.com/id/15840232?video=1622031592&play=1… …READ MORE

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Andrew Busch on CNBC Tonight at 7pm ET

By Andrew Busch | Published: October 13, 2010

Tonight at 7PM ET, I’ll be on CNBC’s Kudlow Report discussing how the global currency war can lead to an important political shift in the upcoming midterm elections.… …READ MORE

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Why Politicians Don't Understand Jobs

By Andrew Busch | Published: August 25, 2010

http://www.cnbc.com/id/15840232?video=1574423833&play=1… …READ MORE

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