Jack Crooks
Description:
Jack Crooks is the Director of Currency Services for Sovereign Society. He has close to 20 years experience in the currency, equity, and futures arena. Jack is a seasoned investment advisor who has held key positions in brokerage, money management, trading, and research.
Comparing Rotten Apples to Rotten Apples:
Why the U.S. Could Be the Best of the Worst Economies Once Again
By Kat Von Rohr, Managing Editor
World Currency Watch
www.worldcurrencywatch.com
Bloomberg is already guessing that more Americans lost jobs in 2008 than any year since 1945. They’re estimating 2.4 million jobs lost for 2008.
»
- Read more
- 4 reads
Seriously – This Is NOTHING to Smile about Media
By Chuck Butler, Editor
Currency Capitalist
www.worldcurrencywatch.com
Normally, the first Friday of a month is Jobs Jamboree Friday, but most government workers are still on holiday today so the Jobs report won't print until next Friday.
»
- Read more
- 10 reads
One Country Managed to Default on $3.9 Billion in Bonds
By Sean Hyman, Currency Analyst
www.worldcurrencywatch.com
If you want to talk about cautionary tales, you have to start in Ecuador.
Currently Ecuador uses the U.S. dollar for their currency. But even with the dollar’s strength in the second half of 2008, Ecuador is still facing major economic problems (kind of like the U.S.).
»
- Read more
- 21 reads
From the U.S. to Australia – Where the Majors Stand
By Chris Gaffney, CFA
www.everbank.com
I’m assuming you’ll be away from the markets for a few days yourself as you spend time with your families this holiday week. So before we all take a nice break, let me give you a wrap-up of where currencies stand right now.
First of all, the mighty dollar settled in at the slightly higher levels that the greenback reached on Friday morning. Right now, the buck is trading in a narrow range heading into a holiday shortened week.
»
- Read more
- 24 reads
Up, Down, Up - Where’s the Buck Headed Now?
By Chris Gaffney, CFA,
www.everbank.com
After steadily rising for months, the buck started its freefall two weeks ago. This massive reversal left Forex traders asking if the buck has finally turned the corner.
But hold on. It now looks like the dollar rally isn’t quite done yet – at least in the short-term. In fact, the currencies took a breather overnight as the dollar bounced back up.
»
- Read more
- 16 reads
Bet You’ve Never Heard of This Currency…
Not familiar with hryvnia? If so, you’re not alone. It’s one of the more obscure currencies trading in the world today.
The hryvnia is Ukraine’s currency, and it just took a nosedive. In the last two days, Ukraine’s currency plunged 17%. And even though Ukraine’s President pledged to support the currency, it fell to an all-time lows versus the U.S. dollar.
»
- Read more
- 16 reads
Throw Your Portfolio a Lifeline
By Sean Hyman, Currency Analyst
www.worldcurrencywatch.com
In my experience as both a Forex instructor and trader, I’ve found that currency beginners also have trouble placing stop-losses (aka “stops”) on their accounts.
Newbie investors either think they don’t need stop-losses (BIG MISTAKE), or they’re not sure where to place them.
So let’s clear up all these misconceptions right now, shall we?
»
- Read more
- 16 reads
“What’s the Bare Minimum I Can Trade?”
By Sean Hyman, Currency Analyst
www.worldcurrencywatch.com
I hear this all the time when I’m teaching newbie Forex traders…
“How little (dollar wise) can I get started with?” That’s not the right question to ask. Instead, it’s always better to ask: “How much SHOULD I start trading with?”
»
- Read more
- 21 reads
Could Trichet Be the Euro’s Achilles’ Heal?
By Jack Crooks, Editor of World Currency Options
www.worldcurrencywatch.com
I’m concerned about calling the euro a “safe haven” for a couple of reasons:
First, despite our general agreement with Mr. Trichet about his monetary and fiscal views, I have to wonder if Trichet’s reluctance to ease further and faster may not add to Europe’s problems.
»
- Read more
- 14 reads
Currency Options – Traded on Highly Regulated Exchanges with Your Normal Stock Broker
By Sean Hyman
So what are Forex options (aka currency options)? Forex options are options based off of a currency pair in the spot Forex market.
The advantage of an option contract is that you put down little money and control a sizable position. This means you have the opportunity to make large double or triple-digit gains in a very short period of time – just like in the Forex spot market.
»
- Read more
- 26 reads