We have FOMC and ECB meetings in the next 24 hours. Here’s some info on how economic data has fared since the last meeting.
US: Not Doing So Bad

ECB: Nothing but Weakness, Skirting Recession

Posted in 2010 eurusd forecast, 2010 eurusd forecasts, ECB, Fed Rate Cut, Fed rate hike, Federal Reserve, ecb rate cut No Comments »

Sorry for the radio silence - have been on vacation then corporate craziness
The euro staged a remarkable rally today after dipping as low as 1.4060 following the U.S. non-farm payrolls release. The resilience of the single currency is incredibly impressive considering that Standard & Poor’s downgraded Ireland’s sovereign debt rating and Fitch warned [...]

Posted in 2010 eurusd forecast, 2010 eurusd forecasts, 2011 euro forecast, ECB, ecb rate hike No Comments »

The following chart shows how the EUR/USD traded after the G7 joint intervention in Sept 2000. The EUR/USD made a new low and the ECB followed up with more intervention a month later which finally carved out the bottom. Will USD/JPY behave the same way?

Posted in 2010 eurusd forecast, 2010 eurusd forecasts, Euro Intervention, eur/usd, euro No Comments »

There are many reasons for why the EUR/USD should continue to rise, the strongest of which has been the Federal Reserve’s plans to ease monetary policy. However, there is another reason why the uptrend in the EUR/USD has been so strong. The following chart shows the correlation between the German IFO Report (white [...]

Posted in 2010 eurusd forecast, 2010 eurusd forecasts, forex blog 3 Comments »

I was on the Business News Network this morning talking about today’s developments including the Japanese elections, the prospect of intervention, the UK CPI numbers, the reason why euro is weak and U.S. retail sales. Click on the image to access the Video

Posted in 2010 eurusd forecast, 2010 eurusd forecasts, 2010 japanese yen forecast, British Pound, Intervention, Japanese Yen, eur/usd, forex book 1 Comment »