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What is a reserve currency and why is it important?
What is a reserve currency and why is it important? by Patrick Patterson, Chief Strategist & Administrator of Educatio n Background A reserve currency is a currency that is stored in large quantities by foreign central banks and financial institutions as part of their foreign exchange reserves as a
The LIBOR is thawing...will it really help lending?
by Patrick Patterson, IntegrityFX.com The credit crisis is not easily defined, but the major reason for it is the unwillingness of banks to lend to each other, to say nothing about the common man. It seems counter-intuitive but banks often lend money they don’t have to lend. When they do this, they
Trader's Fog
If you are not familiar with a “Trader’s Fog”, it is eerily similar to the fog of war. It occurs whenever there are strong levels of ambiguity in situational awareness that is experienced by all participants in the market. Currently, the Trader’s Fog is thick and there are very few indications that
Bailout Still Uncertain!
The currency markets really don’t care if there is good news or bad news, as long as there isn’t uncertainty. The new version of the bailout bill is still drawing a fair amount of ire. Some Representatives in the House are openly opposed to voting yes for the same bailout plan dressed up in a pork