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MLP Defined
A MLP is a master limited partnership. MLPs are publicly traded limited partnerships and operate in the natural resource, financial services, and real estate industries. MLPs have a significant tax advantage over other public companies; MLPs are not subject to the double taxation of public corporations. Instead they pass through the income, meaning owners [...]

The US dollar has been quietly trended higher since the European trading session.The EUR/USD hit a high of 1.4768 shortly after the London open but ended the US session near its daily lows.Although this strength was also seen against many of the other major currencies, the dollar failed to rally against the Japanese Yen.This weakness [...]

On Monday 25 August, I mentioned that Oil / Gold ratio chart looks toppish and has started to move downward. So tap on this downward movement is to sell oil and buy gold. Details

The troubles in the US financial sector continue to be the biggest stories of the day, driving the US dollar to a 6 month high against the Euro. The parallel moves in both the greenback and the Japanese Yen indicate that we are seeing another bout of risk aversion. Yesterday, the story was [...]

Ultimately the performance of a stock will follow the underlying fundamentals of a firm. Stocks that are rising quickly usually represent firms which are executing well and have strong profit growth. On the other hand, stocks that are falling usually represent firms that are failing to grow earnings or whose fundamentals are declining.
Stocks which outperform [...]

In a perfect world the value of standardized futures on deliverable assets is determined via arbitrage argument, or FP = SP*(1+RF)^t.
But a unique opportunity arises in the pricing of futures that can not be arbitraged. In this scenario there is only one force setting the price: unbiased expectation of the future price of the asset. [...]

Here is a quick note on this morning’s price action that I published on GFT’s Research page
Oil prices are above $120 a barrel on geopolitical tensions and fears that Tropical Storm Fay will make landfall for the third time, which is an extremely rare occurrence.
The correlation between crude prices and the US Dollar [...]

The Stories in the Currency Market

US Dollar: The Good News and the Bad News
The last 2 weeks of August is always a painstakingly quiet time in the currency market. European traders are off on their month long holidays while US traders are more worried about taking their kids to college and planning for the Labor [...]

Here’s a snippet from my new Daily report on GFT
The Stories in the Currency Market
US Dollar: Is the Rally Over?
After rallying for the past 2 weeks, the US dollar saw its strongest correction against the Euro in almost a month. Producer prices were hotter than expected as the annualized pace of growth hit a 17 [...]

Here is an article that I posted on GFT’s website. Boris and I will be publishing our articles there until we launch our new portal, which we are sure will blow your minds. I will also be publishing a daily wrap up of the currency market that I hope you will like - check [...]