After surprising the markets with a 25bp discount rate cut on Sunday and extending the discount rate window to investment banks, the Federal Reserve is set to make another historic move by cutting interest rates 100bp tomorrow.
This would be the first time in over 23 years that the central bank has cut interest [...]

Posted in FOMC, Fed Rate Cut, Fed Rate Cut Expectations, Federal Reserve 1 Comment »

I was on CNBC Foreign Exchange this afternoon talking about the possibility of Intervention and whether the US dollar could fall further.
Click on image

Posted in CNBC, Intervention, Japanese Yen, media No Comments »

Pandemonium has hit the financial markets. The dollar is trading below parity against the Swiss Franc, it has fallen to a new record low against the Euro and to a new 1995 low against the Japanese Yen.
Will the Dollar Continue to Fall?
Yes. The futures curve is currently pricing in a 90 percent chance [...]

Posted in Bank of Japan, ECB, Euro Intervention, Fed Rate Cut, Fed Rate Cut Expectations, Federal Reserve, Forex News, Interest rates, Intervention, US Dollar, US Economy, US Treasuries, Yen Intervention, euro, euro record high 3 Comments »

Want to know what is going on in the Forex Market this week?
Here is a webcast of the Week Ahead (Fundamental and Technical Market Preview) which is one of the regular benefits for Members of BKForex Advisor. We are publishing it publicly today given the big moves and events that have happened with [...]

Posted in FX Radio, Forex No Comments »