Correlation Between the Dollar and Fed Fund Futures

Date July 21, 2008

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 [...]

Bernanke vs. Bush Speech Last Week

Date July 21, 2008

If you recall, last week President Bush delivered a speech at the exact same time that Bernanke delivered his semi-annual testimony on the economy and monetary policy.
I love the Daily Show and just had to share this video on the Bernanke vs. Bush speech:

Understanding Why EUR/JPY Hit a Record High

Date July 21, 2008

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 [...]

In the Financial Papers: Today’s Top Forex News 07.21.08

Date July 21, 2008

Here is the “In the Financial Papers Radio Broadcast” (Length: 5:27 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:
Bank of America earnings, better than expected
Oil prices higher
BoE Blanchflower, UK heading into a recession
FDIC Faces Mortgage Mess, After [...]