At the Fed's most recent monetary policy meeting, two Governors disagreed with the decision to hold rates constant, voting instead to hike rates by .25%. The most noteworthy aspect of the meeting was not the presence of dissent, but rather...
Thursday, July 31, 2008
In the Financial Papers: Today’s Top Forex News 07.25.08
Here is the “In the Financial Papers Radio Broadcast” (Length: 3:04 minutes). The player should load automatically. Please let me know if you like it. Contact Kathy
Read my Daily report on DailyFX.com
In the Financial Papers:
Podcast Covers:
- US New Home Sales, Consumer Confidence, Durable Goods
- Ford Suffers Record Loss as Oil Shock Hits Industry
- Jobless Claims [...]
Wednesday, July 30, 2008
China May Dip Into Reserves
Yesterday, the Forex Blog reported that Central Banks and Sovereign Wealth Funds appear to be losing confidence in the Dollar. To follow up with a specific example, a high-ranking Chinese policymaker recently suggested that China should move spend some of...
3 Currencies to Short
Over the past few weeks, it has becoming increasing clear which countries and their currencies are headed down the gutter:
The 3 currencies that I am most bearish for the near term are (in order of bearishness).
1. New Zealand Dollar - Targeting 70 Cents
The Reserve Bank of New Zealand cut interest rates last night [...]
Tuesday, July 29, 2008
FX Intervention: Still Possible
Earlier in the week, the Forex Blog reported that the potential for intervention in the forex markets seemed to have declined, due to a brief Dollar rally and toned-down rhetoric at the most recent G8 conference. However, we would be...
The 3Ps Push the Dollar Higher
The US dollar continues to recover this morning on the aftermath of the 3Ps - Paulson, Plosser and price of oil. Oil prices are trading on the $125 handle and since last Monday they have fallen more than 14 percent. If oil prices reach $100 a barrel, half of the Fed’s problems would [...]
Monday, July 28, 2008
Options Portend Currency Moves
Typically, only the savviest (or the most foolish) of forex traders dabble in currency options. Leverage is already so high (often exceeding 100:1) when trading forex directly, that the additional leverage gained from trading options can seem unnecessary. However, even...
Comments from Plosser and Paulson Drives Dollar Higher
US officials are out in force this morning talking up the dollar and attempting to restore some stability in the financial markets. With US Treasury Secretary Paulson saying that “a strong dollar is really very important” and Fed President Plosser calling for a rate hike before the economy turns around, it is not surprising to [...]
Sunday, July 27, 2008
Understanding what makes the Stock Market Move Up and Down
Successful investing requires more then just a little bit of know how and a dash of
luck. It requires a cool head, an analytical mind, and the ability to make quick
money decisions. This is especially true when investing in the stock market.
Investing naturally comes with a level of risk. The market's activity fluctuates on
a daily basis [...]
In the Financial Papers: Today’s Top Forex News 07.22.08
Here is the “In the Financial Papers Radio Broadcast” (Length: 6:22 minutes). The player should load automatically. Please let me know if you like it. Contact Kathy
Read my Daily report on DailyFX.com
In the Financial Papers:
Podcast Covers:
Paulson and Plosser Comments
Fed Appears to Focus on Inflaiton Ahead of Growth
Measures to Avoid the Worst Recession in 30 [...]
Saturday, July 26, 2008
Dollar Rangebound, but for How Long?
Over the last few months, the Dollar has bounced up and down against the Euro, but never breaking out of a range defined by $1.53 and $1.60. Analysts remain divided not only over if the Dollar will soon break-out, but...
Dollar Rangebound, but for How Long?
Over the last few months, the Dollar has bounced up and down against the Euro, but never breaking out of a range defined by $1.53 and $1.60. Analysts remain divided not only over if the Dollar will soon break-out, but...
Correlation Between the Dollar and Fed Fund Futures
For currency traders, the most interesting article in today’s Wall Street Journal is the one about volatility in the financial markets causing trading relationships to be in flux.
This article examines some of the correlations that we talk about regularly, between USD/JPY and stocks or the EUR/USD and oil. The premise of this article [...]
Correlation Between the Dollar and Fed Fund Futures
For currency traders, the most interesting article in today’s Wall Street Journal is the one about volatility in the financial markets causing trading relationships to be in flux.
This article examines some of the correlations that we talk about regularly, between USD/JPY and stocks or the EUR/USD and oil. The premise of this article [...]
Friday, July 25, 2008
Understanding Why EUR/JPY Hit a Record High
Although it has been relatively quiet in the foreign exchange market today, the Euro hit a record high against the Japanese Yen. The primary reason why EUR/JPY has rallied 11 percent over the past 3.5 months is because of US growth - not many people realize that the price action of EUR/JPY is directly [...]
Understanding Why EUR/JPY Hit a Record High
Although it has been relatively quiet in the foreign exchange market today, the Euro hit a record high against the Japanese Yen. The primary reason why EUR/JPY has rallied 11 percent over the past 3.5 months is because of US growth - not many people realize that the price action of EUR/JPY is directly [...]
Thursday, July 24, 2008
Dollar Intervention Loses Support
Some analysts are surprised by the evident unwillingness of Central Bankers to intervene on behalf of the Dollar, especially considering how common such "rescue plans" are becoming in other corners of the financial markets. Over the last couple months, all...
Dollar Intervention Loses Support
Some analysts are surprised by the evident unwillingness of Central Bankers to intervene on behalf of the Dollar, especially considering how common such "rescue plans" are becoming in other corners of the financial markets. Over the last couple months, all...
US Dollar and Euro: New Week, Same Drivers
It has been a very volatile week for the US dollar, even though compared to the beginning of the week, the exchange rate for the EUR/USD and USD/JPY has remained virtually unchanged.
On Monday, the EUR/USD was trading at 1.5922 while USD/JPY was trading at 106.26, not far from current levels, but of course [...]
Wednesday, July 23, 2008
US Dollar and Euro: New Week, Same Drivers
It has been a very volatile week for the US dollar, even though compared to the beginning of the week, the exchange rate for the EUR/USD and USD/JPY has remained virtually unchanged.
On Monday, the EUR/USD was trading at 1.5922 while USD/JPY was trading at 106.26, not far from current levels, but of course [...]
AUD: Closer to Parity
After a brief hiatus, the Australian Dollar has resumed its upward march against the Dollar; its next milestone will be a 25-year high against the Greenback. Of course, its continued strength is due to a combination of high domestic interest...
AUD: Closer to Parity
After a brief hiatus, the Australian Dollar has resumed its upward march against the Dollar; its next milestone will be a 25-year high against the Greenback. Of course, its continued strength is due to a combination of high domestic interest...
Stories Affecting the Dollar on 07.17.08
Bank earnings, oil prices and diversification are driving the dollar this morning. The big question is whether the problems with Fannie Mae, Freddie Mac and IndyMac have extended to JPMorgan, Merrill Lynch and Citigroup.
Although JPMorgan reported a 53 percent drop in profit, their decline was less than the market expected. Merrill Lynchhowever may [...]
Tuesday, July 22, 2008
Stories Affecting the Dollar on 07.17.08
Bank earnings, oil prices and diversification are driving the dollar this morning. The big question is whether the problems with Fannie Mae, Freddie Mac and IndyMac have extended to JPMorgan, Merrill Lynch and Citigroup.
Although JPMorgan reported a 53 percent drop in profit, their decline was less than the market expected. Merrill Lynchhowever may [...]
Canada to Hold Rates
The economic picture in Canada is increasingly resembling that of the rest of the world: slowing growth and rising inflation. Likewise, the dilemma faced by the Bank of Canada mirrors that of the ECB and Fed. Even though Canadian inflation...
Canada to Hold Rates
The economic picture in Canada is increasingly resembling that of the rest of the world: slowing growth and rising inflation. Likewise, the dilemma faced by the Bank of Canada mirrors that of the ECB and Fed. Even though Canadian inflation...
Monday, July 21, 2008
What are Risk Reversals Saying about EUR/USD?
Risk reverals in the EUR/USD have hit an extreme level. The 25 delta 3 month risk reversals are at the highest level since June 2007. Whenever risk reversals hits critical levels, it indicates that everyone who wants to be long euros are already long and as a result, sentiment has hit an extreme. [...]
What are Risk Reversals Saying about EUR/USD?
Risk reverals in the EUR/USD have hit an extreme level. The 25 delta 3 month risk reversals are at the highest level since June 2007. Whenever risk reversals hits critical levels, it indicates that everyone who wants to be long euros are already long and as a result, sentiment has hit an extreme. [...]
Kettering University
So you wish to go to college and just can not find a great college to go to.You go to college but still have to go around with your resume trying to find a job in this tough economy.
Why not join a coop school that is ranked by US News and World Report as “the [...]
Kettering University
So you wish to go to college and just can not find a great college to go to.You go to college but still have to go around with your resume trying to find a job in this tough economy.
Why not join a coop school that is ranked by US News and World Report as “the [...]
Sunday, July 20, 2008
In the Financial Papers: Today’s Top Forex News 07.15.08
Here is the “In the Financial Papers Radio Broadcast” (Length: 5:47 minutes). The player should load automatically. Please let me know if you like it. Contact Kathy
Read my Daily report on DailyFX.com
In the Financial Papers:
Podcast Covers:
Fannie, Freddie Tumble on Concern U.S. Rescue Will Sacrifice Shareholders
Dollar Drops to Record Low
Retail Sales, Producer Prices
Mortgage Insurers Raise the [...]
In the Financial Papers: Today’s Top Forex News 07.15.08
Here is the “In the Financial Papers Radio Broadcast” (Length: 5:47 minutes). The player should load automatically. Please let me know if you like it. Contact Kathy
Read my Daily report on DailyFX.com
In the Financial Papers:
Podcast Covers:
Fannie, Freddie Tumble on Concern U.S. Rescue Will Sacrifice Shareholders
Dollar Drops to Record Low
Retail Sales, Producer Prices
Mortgage Insurers Raise the [...]
UK Pound Forex Trading Forecast
Sterling drops in currency tradingThe UK pound is struggling right now in FX trading. The sterling is dopping in currency trading, and the UK pound forex trading forecast calls for further trouble for the currency.
Sterling is expected to do especially poorly in currency trading against the euro next week. Bloomberg reports on the UK pound forex trading forecast:
See Also
- Sterling in Currency Trading
Forex trading forecast for various currencies
UK Pound Forex Trading Forecast
Sterling drops in currency tradingThe UK pound is struggling right now in FX trading. The sterling is dopping in currency trading, and the UK pound forex trading forecast calls for further trouble for the currency.
Sterling is expected to do especially poorly in currency trading against the euro next week. Bloomberg reports on the UK pound forex trading forecast:
See Also
- Sterling in Currency Trading
Forex trading forecast for various currencies
Saturday, July 19, 2008
Dollar Falls to Record Low: Bernanke, Please Save Us!
The US dollar fell to a record low against the Euro as traders around the world grow increasingly worried about the health of Fannie Mae, Freddie Mac and the overall US banking sector.
(Source: My Technical Analyst Jamie Saettele at DailyFX.com)
The collapse in the dollar today is entirely due to risk aversion and flight to safety [...]
Dollar Falls to Record Low: Bernanke, Please Save Us!
The US dollar fell to a record low against the Euro as traders around the world grow increasingly worried about the health of Fannie Mae, Freddie Mac and the overall US banking sector.
(Source: My Technical Analyst Jamie Saettele at DailyFX.com)
The collapse in the dollar today is entirely due to risk aversion and flight to safety [...]
Forex is Risky
Without exception, every time there is a period of sustained volatility in forex markets, a flood of new forex accounts are opened as new traders try to capitalize on the action. Also, without fail, a concerned journalist inevitably takes it...
Forex is Risky
Without exception, every time there is a period of sustained volatility in forex markets, a flood of new forex accounts are opened as new traders try to capitalize on the action. Also, without fail, a concerned journalist inevitably takes it...
Friday, July 18, 2008
VIX Hits a 3 Month High, Traders Skeptical About Fed’s Power
No US economic data was released this morning explaining the listless action in the US dollar. Traders are hesitant because they know that things could change dramatically with the 3 event risks tomorrow that could shake up in the US dollar.
This is an excerpt from my daily article on DailyFX.com
The first is [...]
VIX Hits a 3 Month High, Traders Skeptical About Fed’s Power
No US economic data was released this morning explaining the listless action in the US dollar. Traders are hesitant because they know that things could change dramatically with the 3 event risks tomorrow that could shake up in the US dollar.
This is an excerpt from my daily article on DailyFX.com
The first is [...]
Credit Crisis is "Ongoing"
Who's familiar with the "song that never ends?" How about the credit crisis that never ends? Only a few months ago, the talking heads were trying to convince us that the worst of the credit crunch had already passed, and...
Commentary: Anatomy of a Currency Trader
In the context of fundamental currency analysis, we usually talk about inflation, interest rates, economic growth, politics, etc. But perhaps these variables mask some deeper "truth" in forex, specifically that there is some ultimate "force" guiding the decision-making processes of...
Credit Crisis is "Ongoing"
Who's familiar with the "song that never ends?" How about the credit crisis that never ends? Only a few months ago, the talking heads were trying to convince us that the worst of the credit crunch had already passed, and...
Thursday, July 17, 2008
The Lines this Weekend: Some Good, Some Bad
It was all about the lines this weekend. People around the nation queued up for hours, but for very different reasons:
1. Apple Store – Hundreds of people waiting for the 3G iPhone at the 5th Ave store (or any Apple retail store across the nation)
Word on the street: 5 hour wait and [...]
The Lines this Weekend: Some Good, Some Bad
It was all about the lines this weekend. People around the nation queued up for hours, but for very different reasons:
1. Apple Store – Hundreds of people waiting for the 3G iPhone at the 5th Ave store (or any Apple retail store across the nation)
Word on the street: 5 hour wait and [...]
Chinese Yuan Appreciation to Slow
In the year-to-date, the Chinese Yuan has already appreciated 6.5% against the USD, the fastest pace since the currency was famously revalued three years ago. This upward pressure has been built largely on the continuing inflow of speculative "hot money,"...
Chinese Yuan Appreciation to Slow
In the year-to-date, the Chinese Yuan has already appreciated 6.5% against the USD, the fastest pace since the currency was famously revalued three years ago. This upward pressure has been built largely on the continuing inflow of speculative "hot money,"...
Wednesday, July 16, 2008
Oil Hits Record Highs, Geopolitical Risks Hurts the Dollar
Oil prices are driving the currency market. Over the past 2 days, prices have increased more than $10 a barrel. As a result, the US dollar has weakened across board, particularly against the Australian and Canadian dollars. The AUD/USD even hit a new 25 year high this morning.
For the greenback, politics is [...]
Oil Hits Record Highs, Geopolitical Risks Hurts the Dollar
Oil prices are driving the currency market. Over the past 2 days, prices have increased more than $10 a barrel. As a result, the US dollar has weakened across board, particularly against the Australian and Canadian dollars. The AUD/USD even hit a new 25 year high this morning.
For the greenback, politics is [...]
Oil Hits Record Highs, Geopolitical Risks Hurts the Dollar
Oil prices are driving the currency market. Over the past 2 days, prices have increased more than $10 a barrel. As a result, the US dollar has weakened across board, particularly against the Australian and Canadian dollars. The AUD/USD even hit a new 25 year high this morning.
For the greenback, politics is [...]
G8 Ignores Currencies
Leading up to last week's G8 summit in Japan, it was rumored that "volatility" in forex markets would be a hot topic of discussion. Thus, it came as quite a shock to analysts and investors that the final declaration failed...
G8 Ignores Currencies
Leading up to last week's G8 summit in Japan, it was rumored that "volatility" in forex markets would be a hot topic of discussion. Thus, it came as quite a shock to analysts and investors that the final declaration failed...
Tuesday, July 15, 2008
What Could be a Big Surprise for the US Dollar?
This is an excerpt from my DailyFX Report on the day’s currency market movements:
The currency market was fairly quiet today with the US dollar rallying against some currencies and falling against others.
Jobless claims were the only piece of data released and filings for unemployment dropped by 58k to the lowest level in 3 [...]
What Could be a Big Surprise for the US Dollar?
This is an excerpt from my DailyFX Report on the day’s currency market movements:
The currency market was fairly quiet today with the US dollar rallying against some currencies and falling against others.
Jobless claims were the only piece of data released and filings for unemployment dropped by 58k to the lowest level in 3 [...]
Geopolitics Affect Dollar
The narrative in forex markets had recently become so cut-and-dried, that investors may have forgotten that in the long-term, a variety of factors weigh on currencies. Last week, they were sternly reminded of this fact when tensions in the Middle...
Geopolitics Affect Dollar
The narrative in forex markets had recently become so cut-and-dried, that investors may have forgotten that in the long-term, a variety of factors weigh on currencies. Last week, they were sternly reminded of this fact when tensions in the Middle...
Monday, July 14, 2008
BRIC vs. PIGS from Ritholtz
I really like the post on Barry Ritholtz’s blog The Big Picture , so hopefully he doesn’t mind that I republish it
BRIC vs PIGS
Posted by Barry Ritholtz on Wednesday, July 09, 2008 | 09:15 AM
I was at a lunch recently with about 10 people. One of the participants was an analyst from Portugal — [...]
BRIC vs. PIGS from Ritholtz
I really like the post on Barry Ritholtz’s blog The Big Picture , so hopefully he doesn’t mind that I republish it
BRIC vs PIGS
Posted by Barry Ritholtz on Wednesday, July 09, 2008 | 09:15 AM
I was at a lunch recently with about 10 people. One of the participants was an analyst from Portugal — [...]
Friday: Wild Ride In The US Stock Markets
What a week! Everyone’s been talking about the possibility of an oversold bounce, and yet every time it appears to be happening…..belly flop! The financial media and many analysts have been saying the “bottom is in”, or a financial institution just showed “the kitchen sink quarter”, and “the worst is behind us”. How many times [...]
Friday: Wild Ride In The US Stock Markets
What a week! Everyone’s been talking about the possibility of an oversold bounce, and yet every time it appears to be happening…..belly flop! The financial media and many analysts have been saying the “bottom is in”, or a financial institution just showed “the kitchen sink quarter”, and “the worst is behind us”. How many times [...]
Sunday, July 13, 2008
In the Financial Papers: Today’s Top Forex News 07.09.08
Here is the “In the Financial Papers Radio Broadcast” (Length: 6:01 minutes). The player should load automatically. Please let me know if you like it. Contact Kathy
Read my Daily report on DailyFX.com
In the Financial Papers:
Podcast Covers:
Canadian Dollar Skyrockets After Housing Market Numbers and Oil
Geopolitical Tensions Weigh on Euro - Iran tests missiles
Trichet Reminding the Markets [...]
In the Financial Papers: Today’s Top Forex News 07.09.08
Here is the “In the Financial Papers Radio Broadcast” (Length: 6:01 minutes). The player should load automatically. Please let me know if you like it. Contact Kathy
Read my Daily report on DailyFX.com
In the Financial Papers:
Podcast Covers:
Canadian Dollar Skyrockets After Housing Market Numbers and Oil
Geopolitical Tensions Weigh on Euro - Iran tests missiles
Trichet Reminding the Markets [...]
Emerging Markets: To Hedge or Not to Hedge?
2008 has witnessed an explosion of volatility in emerging markets, affecting both debt and equity securities. Fluctuations have been especially dramatic in the forex markets, compounding the turmoil and skewing returns for foreign investors. The South African Rand and Brazilian...
Emerging Markets: To Hedge or Not to Hedge?
2008 has witnessed an explosion of volatility in emerging markets, affecting both debt and equity securities. Fluctuations have been especially dramatic in the forex markets, compounding the turmoil and skewing returns for foreign investors. The South African Rand and Brazilian...
Saturday, July 12, 2008
Is Bernanke Trying to Tell US Something About Interest Rates?
With stocks falling close to a 2 year low yesterday, Fed President Ben Bernanke attempted to stabilize the stock market and the US dollar by saying that they they are considering “extending the duration” of their emergency lending facilities to investment banks.
The Fed is clearly worried about the volatility in stocks and they [...]
Is Bernanke Trying to Tell US Something About Interest Rates?
With stocks falling close to a 2 year low yesterday, Fed President Ben Bernanke attempted to stabilize the stock market and the US dollar by saying that they they are considering “extending the duration” of their emergency lending facilities to investment banks.
The Fed is clearly worried about the volatility in stocks and they [...]
UK Housing Crisis Could Affect Pound
When one hears the phrase "housing crisis" uttered, the US immediately comes to mind. Not without reason, of course, since the US housing market is the largest in the world, and the scope of any US housing crisis is sure...
Friday, July 11, 2008
In the Financial Papers: Today’s Top Forex News 07.08.08
Here is the “In the Financial Papers Radio Broadcast” (Length: 6:01 minutes). The player should load automatically. Please let me know if you like it. Contact Kathy
In the Financial Papers:
Podcast Covers:
Fears of Loan Defaults Drive Sharp Volatility in Stocks
Pump Prices Hurt Americans Not Just in the Pocketbooks
G8 Leaders Playing Down Their Power to Reduce Oil [...]
America’s Carmart Buy Alert
America’s Carmart, Inc. (CRMT) is barreling forward and producing very impressive results for shareholders in a very challenging environment. The company’s fourth-quarter results, reported just last week, contained big improvements in both revenue and income from the same period last year. After the solid performance, shares of CRMT rallied and set a new 52-week high.
[...]
Thursday, July 10, 2008
Happy 4th of July!
Happy 4th of July!
The United States declared independence in 1776, which means that this year we are celebrating our 232nd year of independence!
See you on Monday!
For more details on July 4, click here for Wikipedia
Fed Increases Liquidity
In a bid designed to placate skittish investors, America's Federal Reserve Bank announced that it will extend the duration of its liquidity facilities at least through 2008 and possible into 2009. It is hoped that the continued enabling (which began...
Wednesday, July 9, 2008
Non-Farm Payrolls Preview: Job Losses Could Top 100k
Non-farm payrolls for the month of June are due for release this Thursday, but with the Federal Reserve no longer looking to cut interest rates, will the degree of payroll growth actually have meaningful impact on the US dollar?
Here is the NFP Preview that I wrote for DailyFX.com
The NFP number is being released [...]
Inflation or Economic Growth?
Global capital markets remain caught in a tug of war between inflation and economic growth. For most of 2008, the economic growth story prevailed as the Federal Reserve Bank cut interest rates aggressively to cushion the blow from the housing...
Tuesday, July 8, 2008
In the Financial Papers: Today’s Top Forex News 07.02.08
Here is the “In the Financial Papers Radio Broadcast” (Length: 5:11 minutes). The player should load automatically. Please let me know if you like it. Contact Kathy
In the Financial Papers:
Podcast Covers:
Europe Producer-Price Inflation Accelerates to Record
Overdue U.S. Home-Equity Credit Lines Climb the Most Since 1987, ABA Says
Job Losses in U.S. Increased 47% in June on [...]
Vietnam Nears Crisis
In what some analysts have termed 'an act of desperation,' Vietnam has devalued its currency, the Dong, by .5%. Negative pressure had been building above the Dong for months, due to a burgeoning trade deficit, sagging stock market, and a...
Monday, July 7, 2008
Euro Headed Higher, US Dollar Back to the Drawing Board
We are back to the drawing board with the US dollar. Strong consumer spending and the lowest unemployment rate in 14 years could force the ECB to backtrack on their words and actually prepare the market up for more than one rate hike in the third quarter. The June consumer price index is expected [...]
The Ripple Effect Of Rising Inflation And Housing Slump
Over the past year, there has been a flood of articles discussing the hard times many individuals and families are going through. There have also been a large and growing number of reports detailing the precarious shape that builders, automakers, financials and various other firms are in.
The combination of rising prices for gas, food and [...]
Sunday, July 6, 2008
In the Financial Papers: Today’s Top Forex News 07.01.08
Here is the “In the Financial Papers Radio Broadcast” (Length: 5:04 minutes). The player should load automatically. Please let me know if you like it. Contact Kathy
In the Financial Papers:
Podcast Covers:
RBA Statement a Tad Dovish as Bank Focuses on Growth Risks
Tankan confidence falls less than expected
German June Unemployment Falls to Lowest in 16 Years
Crude Oil [...]
Commentary: Anatomy of a Currency Trader
In the context of fundamental currency analysis, we usually talk about inflation, interest rates, economic growth, politics, etc. But perhaps these variables mask some deeper "truth" in forex, specifically that there is some ultimate "force" guiding the decision-making processes of...
Saturday, July 5, 2008
Dollar: End of Quarter Temperature Check
It is the end of the quarter and the end to the first half of the year which has been a brutal one for many fund managers. The Dow Jones Industrial Average is down 14% since the beginning of the year and 7% since the beginning of the quarter.
As for the US dollar, since January [...]
ECB Hikes Rates
In a move that will shock some investors but please others, the European Central Bank has raised its benchmark interest rate by 25 basis points, to 4.25%. On several recent occasions, Jean-Claude Trichet had alluded to the possibility, in connection...
Friday, July 4, 2008
In the Financial Papers: Today’s Top Forex News 06.30.08
Here is the “In the Financial Papers Radio Broadcast” (Length: 7:02 minutes). The player should load automatically. Please let me know if you like it. Contact Kathy
In the Financial Papers:
Podcast Covers:
China’s Export Machine Threatened by Rising Costs
Business Scrambe to Offset Rising Costs of Transportation
Jobs Report will Provide Clues on Growth and Inflation
Fed’s Priority is Likely [...]
Yen Back in Vogue
Volatility, the perennial enemy of the carry trade, has returned with a vengeance. The US stock market, a proxy for global risk appetite, has fallen significantly (nearly 20%) over the last six months, a trend that has accelerated over the...
Thursday, July 3, 2008
Dow Breaks Bear Stearns Low, EURJPY Hits Record High
Two significant milestones have been reached in the financial markets today, one in stocks and one in currencies.
On an intraday and possibly even on a closing basis, the Dow Jones Industrial Average has broken the Bear Stearns low. It was in the middle of March that the Bear Stearns debacle became public, [...]
Dow Breaks Bear Stearns Low, EURJPY Hits Record High
Two significant milestones have been reached in the financial markets today, one in stocks and one in currencies.
On an intraday and possibly even on a closing basis, the Dow Jones Industrial Average has broken the Bear Stearns low. It was in the middle of March that the Bear Stearns debacle became public, [...]
RMB may Accelerate Post-Olympics
The first half of 2008 has come to a dramatic end, and it's official: China's stock market was the world's worst performer, finishing down 48%. Ironically, some analysts believe this may be a harbinger for a faster appreciation of the...
Wednesday, July 2, 2008
Fed Not Hawkish Enough
The Federal Reserve is getting ready to raise interest rates but a rate hike is not imminent. For the first time since August, the central bank has left rates unchanged at 2 percent. Although the FOMC statement is hawkish, the US dollar has failed to react because currency traders were looking for more. [...]
Fed Not Hawkish Enough
The Federal Reserve is getting ready to raise interest rates but a rate hike is not imminent. For the first time since August, the central bank has left rates unchanged at 2 percent. Although the FOMC statement is hawkish, the US dollar has failed to react because currency traders were looking for more. [...]
How To Beat A Market That Is Trending Lower
THE FINAL NUMBERS - ADIOS 2nd QUARTER
NEWS: The markets closed the last day of the quarter on a mixed note with the Dow and S&P 500 holding onto small gains and the NASDAQ and Russell 2000 continuing the slide. The Dow was up a mere 3 points when the closing bell rang after being up [...]
Tuesday, July 1, 2008
FOMC Preview: What to Expect from the Fed
The summer doldrums may not last for long with the Federal Reserve interest rate decision right around the corner. Over the past few weeks, many currency pairs including the EUR/USD and GBP/USD have been trading in a range as the market tries to figure out how central banks will respond to the continual rise [...]
Barclays Introduces New ETN
The field of currency exchange-traded products keeps getting better and better. Only a few years ago, the selection of such products was quite small, and limited to the major currencies (i.e. Dollar, Euro, Yen). Next came the introduction of riskier...