Forex Trading Blog

Currency Trader Wins CNBC Challenge

2008-08-07T07:26:00.001-07:00

CNBC has officially announced the winner of their Million Dollar Portfolio Challenge and GUESS WHAT, the number 1 currency trader is the winner of the entire contest!
I am thoroughly excited because it certainly adds an extra ounce of credibility to the market that I love the most!

Euro Needs Better Governance

2008-08-06T18:56:00.001-07:00

Last week, the Forex Blog covered an IMF report that claimed the period of Dollar hegemony is nowhere near finished. This view appears to be widely held, and an American economist argued in a recent op-ed piece that the Euro...

In the Financial Papers: Today’s Top Forex News 07.29.08

2008-08-06T06:41:00.001-07:00

Here is the “In the Financial Papers Radio Broadcast” (Length: 3:47 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:
Dollar Rallies on Stronger Consumer Confidence
Merrill to Sell $8.5 Billion of Shares as Thain Unloads Money-Losing CDOs
Home Prices in 20 [...]

Zimbabwe Revalues Currency

2008-08-05T18:26:00.001-07:00

The exchange rate between Zimbabwe's local currency and the US Dollar is currently 110 Billion:1, give or take a few zeroes. This complete collapse in confidence surrounding the currency is redolent of post-war Germany, when a wheelbarrow full of Deutsch...

The FX Market is Growing! Volume on the Rise

2008-08-05T06:12:00.001-07:00

Last year, the Bank of International Settlements announced that FX market volume increased 71 percent between 2004 and 2007 and amidst all of the financial market turmoil, trading is on the rise once again.
The equity, commodity and bond markets have been particularly tough this year, causing many investors to cut back on risk, [...]

New President Will Help Dollar

2008-08-04T17:56:00.001-07:00

By one measure, the US Dollar has lost 33.8% of its value under President George Bush, its worst performance by far under any one administration. The burgeoning twin deficits, lackluster economic performance, as well as the current environment of stagflation...

Canadian Dollar: Headed for More Losses?

2008-08-04T05:41:00.001-07:00

In 2007, the Canadian Dollar was named Time Magazine’s Canadian Newsmaker of the year. Having hit a high of 0.9059 against the US dollar, it smoked its US counterpart. At the time, the Loonie skyrocketed because of a booming economy and skyrocketing oil prices.
However in the second half of 2008, the tides are [...]

2008-08-03T17:26:00.001-07:00

Dollar Bulls: More Tolerance to Pain?

2008-08-03T05:11:00.001-07:00

For the US dollar, it is going to be a slow start to the new week with no major data due for release until Thursday. Consumer confidence and house prices will be out tomorrow and given the upside surprises last week, the data could be dollar positive. However investors will continue to be [...]

IMF: Dollar Remains Paramount

2008-08-02T16:57:00.001-07:00

In a recent report on the state of the Dollar, the International Monetary Fund (IMF) declared that the Dollar's unprecedented period of dominance will not likely come to an end anytime soon. This assertion seems to sharply contradict the 25%...

In the Financial Papers: Today’s Top Forex News 07.28.08

2008-08-02T04:41:00.001-07:00

Here is the “In the Financial Papers Radio Broadcast” (Length: 5:00 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:
Big Week Ahead for US Dollar
2 Bank Taken Over by FDIC this Weekend
Hedge Funds May Post Worst Month in Five [...]

Credit Crisis Could Lift Yen, Franc

2008-08-01T16:26:00.001-07:00

As the credit crisis has unfolded, the Dollar has remained (relatively) strong, especially considering the deteriorating state of its economy. The reason for this, of course, is that in times of crisis, investors flock to perceived safe havens, such as...

US Dollar Shaking Off Risk Aversion

2008-08-01T04:11:00.001-07:00

Even though the stock market dropped by the largest amount since 2000, the US dollar is shaking off risk aversion to rebound back towards its monthly highs against the Japanese Yen. I’ve been keeping a close eye on gold prices and the fall in gold this morning confirms that the markets have not been [...]

Fed Losing Control Over Monetary Policy

2008-07-31T15:56:00.001-07:00

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...

In the Financial Papers: Today’s Top Forex News 07.25.08

2008-07-31T03:41:00.001-07:00

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 [...]

China May Dip Into Reserves

2008-07-30T15:26:00.001-07:00

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

2008-07-30T03:11:00.001-07:00

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 [...]

FX Intervention: Still Possible

2008-07-29T14:56:00.001-07:00

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

2008-07-29T02:26:00.001-07:00

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 [...]

Options Portend Currency Moves

2008-07-28T14:11:00.001-07:00

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

2008-07-28T01:56:00.001-07:00

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 [...]

Understanding what makes the Stock Market Move Up and Down

2008-07-27T13:41:00.001-07:00

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

2008-07-27T01:26:00.001-07:00

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 [...]

Dollar Rangebound, but for How Long?

2008-07-26T13:45:00.001-07:00

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?

2008-07-26T13:11:00.001-07:00

Correlation Between the Dollar and Fed Fund Futures

2008-07-26T01:30:00.001-07:00

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

2008-07-26T00:56:00.001-07:00

Finviz New Group Performance Tool

2008-07-25T13:15:00.001-07:00

Finviz New Group Performance Tool

2008-07-25T12:41:00.001-07:00

Understanding Why EUR/JPY Hit a Record High

2008-07-25T01:00:00.001-07:00

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

2008-07-25T00:26:00.001-07:00

Dollar Intervention Loses Support

2008-07-24T12:45:00.001-07:00

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

2008-07-24T12:10:00.001-07:00

US Dollar and Euro: New Week, Same Drivers

2008-07-24T00:30:00.001-07:00

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 [...]

US Dollar and Euro: New Week, Same Drivers

2008-07-23T23:55:00.001-07:00

AUD: Closer to Parity

2008-07-23T12:15:00.001-07:00

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

2008-07-23T11:40:00.001-07:00

Stories Affecting the Dollar on 07.17.08

2008-07-23T00:00:00.001-07:00

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 [...]

Stories Affecting the Dollar on 07.17.08

2008-07-22T23:25:00.001-07:00

Canada to Hold Rates

2008-07-22T11:45:00.001-07:00

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

2008-07-22T11:10:00.001-07:00

What are Risk Reversals Saying about EUR/USD?

2008-07-21T23:30:00.001-07:00

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?

2008-07-21T22:55:00.001-07:00

Kettering University

2008-07-21T11:15:00.001-07:00

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

2008-07-21T10:40:00.001-07:00

In the Financial Papers: Today’s Top Forex News 07.15.08

2008-07-20T23:00:00.001-07:00

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

2008-07-20T22:25:00.001-07:00

UK Pound Forex Trading Forecast

2008-07-20T10:45:00.001-07:00

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:

``Overall, the report about the U.K. Treasury added to negative sentiment against the pound,'' said Tom Levinson, a currency strategist in London at ING Bank NV. Levinson predicted the currency may fall to 80 pence versus the euro next week.

UK Pound Forex Trading Forecast

2008-07-20T10:10:00.001-07:00

Dollar Falls to Record Low: Bernanke, Please Save Us!

2008-07-19T22:30:00.001-07:00

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!

2008-07-19T21:55:00.001-07:00

Forex is Risky

2008-07-19T10:15:00.001-07:00

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

2008-07-19T09:40:00.001-07:00

VIX Hits a 3 Month High, Traders Skeptical About Fed’s Power

2008-07-18T22:00:00.001-07:00

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

2008-07-18T21:25:00.001-07:00

Credit Crisis is "Ongoing"

2008-07-18T09:45:00.001-07:00

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

2008-07-18T09:30:00.001-07:00

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"

2008-07-18T09:10:00.001-07:00

The Lines this Weekend: Some Good, Some Bad

2008-07-17T21:15:00.001-07:00

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

2008-07-17T20:55:00.001-07:00

Chinese Yuan Appreciation to Slow

2008-07-17T09:00:00.001-07:00

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

2008-07-17T08:40:00.001-07:00

Oil Hits Record Highs, Geopolitical Risks Hurts the Dollar

2008-07-16T20:45:00.001-07:00

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

2008-07-16T20:30:00.001-07:00

Oil Hits Record Highs, Geopolitical Risks Hurts the Dollar

2008-07-16T20:25:00.001-07:00

G8 Ignores Currencies

2008-07-16T08:15:00.001-07:00

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

2008-07-16T08:11:00.001-07:00

What Could be a Big Surprise for the US Dollar?

2008-07-15T20:00:00.001-07:00

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?

2008-07-15T19:55:00.001-07:00

Geopolitics Affect Dollar

2008-07-15T07:45:00.001-07:00

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

2008-07-15T07:41:00.001-07:00

BRIC vs. PIGS from Ritholtz

2008-07-14T19:30:00.001-07:00

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

2008-07-14T19:25:00.001-07:00

Friday: Wild Ride In The US Stock Markets

2008-07-14T07:15:00.001-07:00

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

2008-07-14T07:10:00.001-07:00

In the Financial Papers: Today’s Top Forex News 07.09.08

2008-07-13T19:00:00.001-07:00

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

2008-07-13T18:55:00.001-07:00

Emerging Markets: To Hedge or Not to Hedge?

2008-07-13T06:45:00.001-07:00

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?

2008-07-13T06:40:00.001-07:00

Is Bernanke Trying to Tell US Something About Interest Rates?

2008-07-12T18:30:00.001-07:00

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?

2008-07-12T18:25:00.001-07:00

UK Housing Crisis Could Affect Pound

2008-07-12T06:15:00.001-07:00

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...

In the Financial Papers: Today’s Top Forex News 07.08.08

2008-07-11T18:00:00.001-07:00

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

2008-07-11T05:45:00.001-07:00

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.
[...]

Happy 4th of July!

2008-07-10T17:30:00.001-07:00

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

2008-07-10T05:15:00.001-07:00

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...

Non-Farm Payrolls Preview: Job Losses Could Top 100k

2008-07-09T17:01:00.001-07:00

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?

2008-07-09T04:46:00.001-07:00

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...

In the Financial Papers: Today’s Top Forex News 07.02.08

2008-07-08T16:31:00.001-07:00

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

2008-07-08T04:16:00.001-07:00

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...

Euro Headed Higher, US Dollar Back to the Drawing Board

2008-07-07T16:01:00.001-07:00

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

2008-07-07T03:46:00.001-07:00

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 [...]

In the Financial Papers: Today’s Top Forex News 07.01.08

2008-07-06T15:31:00.001-07:00

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

2008-07-06T03:16:00.001-07:00

Dollar: End of Quarter Temperature Check

2008-07-05T15:01:00.001-07:00

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

2008-07-05T02:45:00.001-07:00

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...

In the Financial Papers: Today’s Top Forex News 06.30.08

2008-07-04T14:30:00.001-07:00

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

2008-07-04T02:15:00.001-07:00

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...

Dow Breaks Bear Stearns Low, EURJPY Hits Record High

2008-07-03T14:00:00.001-07:00

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

2008-07-03T13:46:00.001-07:00

Forex Trading Blog

Currency Trader Wins CNBC Challenge

Euro Needs Better Governance

In the Financial Papers: Today’s Top Forex News 07.29.08

Zimbabwe Revalues Currency

The FX Market is Growing! Volume on the Rise

New President Will Help Dollar

Canadian Dollar: Headed for More Losses?

Dollar Bulls: More Tolerance to Pain?

IMF: Dollar Remains Paramount

In the Financial Papers: Today’s Top Forex News 07.28.08

Credit Crisis Could Lift Yen, Franc

US Dollar Shaking Off Risk Aversion

Fed Losing Control Over Monetary Policy

In the Financial Papers: Today’s Top Forex News 07.25.08

China May Dip Into Reserves

3 Currencies to Short

FX Intervention: Still Possible

The 3Ps Push the Dollar Higher

Options Portend Currency Moves

Comments from Plosser and Paulson Drives Dollar Higher

Understanding what makes the Stock Market Move Up and Down

In the Financial Papers: Today’s Top Forex News 07.22.08

Dollar Rangebound, but for How Long?

Dollar Rangebound, but for How Long?

Correlation Between the Dollar and Fed Fund Futures

Correlation Between the Dollar and Fed Fund Futures

Finviz New Group Performance Tool

Finviz New Group Performance Tool

Understanding Why EUR/JPY Hit a Record High

Understanding Why EUR/JPY Hit a Record High

Dollar Intervention Loses Support

Dollar Intervention Loses Support

US Dollar and Euro: New Week, Same Drivers

US Dollar and Euro: New Week, Same Drivers

AUD: Closer to Parity

AUD: Closer to Parity

Stories Affecting the Dollar on 07.17.08

Stories Affecting the Dollar on 07.17.08

Canada to Hold Rates

Canada to Hold Rates

What are Risk Reversals Saying about EUR/USD?

What are Risk Reversals Saying about EUR/USD?

Kettering University

Kettering University

In the Financial Papers: Today’s Top Forex News 07.15.08

In the Financial Papers: Today’s Top Forex News 07.15.08

UK Pound Forex Trading Forecast

See Also

UK Pound Forex Trading Forecast

See Also

Dollar Falls to Record Low: Bernanke, Please Save Us!

Dollar Falls to Record Low: Bernanke, Please Save Us!

Forex is Risky

Forex is Risky

VIX Hits a 3 Month High, Traders Skeptical About Fed’s Power

VIX Hits a 3 Month High, Traders Skeptical About Fed’s Power

Credit Crisis is "Ongoing"

Commentary: Anatomy of a Currency Trader

Credit Crisis is "Ongoing"

The Lines this Weekend: Some Good, Some Bad

The Lines this Weekend: Some Good, Some Bad

Chinese Yuan Appreciation to Slow

Chinese Yuan Appreciation to Slow

Oil Hits Record Highs, Geopolitical Risks Hurts the Dollar

Oil Hits Record Highs, Geopolitical Risks Hurts the Dollar

Oil Hits Record Highs, Geopolitical Risks Hurts the Dollar

G8 Ignores Currencies

G8 Ignores Currencies

What Could be a Big Surprise for the US Dollar?

What Could be a Big Surprise for the US Dollar?

Geopolitics Affect Dollar

Geopolitics Affect Dollar

BRIC vs. PIGS from Ritholtz

BRIC vs. PIGS from Ritholtz

Friday: Wild Ride In The US Stock Markets

Friday: Wild Ride In The US Stock Markets

In the Financial Papers: Today’s Top Forex News 07.09.08

In the Financial Papers: Today’s Top Forex News 07.09.08

Emerging Markets: To Hedge or Not to Hedge?