The Euro has surged to 1.3157, a six week high against the U.S. dollar. The currency pair’s strength is a big departure from the price action of the other majors currencies this morning, which have weakened across the board. The break of the old highs opens the door for a move above the [...]
Entries Categorized as 'Bernanke'
FOMC Decides Next 1% Move in EUR/USD
March 18, 2009
USD/JPY on a Tear, Key Level
February 24, 2009
USD/JPY is on a tear this morning. US equities is also trading higher which is completely mind boggling given the fact that US economic data was very weak and Fed Chairman Ben Bernanke warned that we may not be looking at a recovery in the US economy until 2011 or 2012.
There could still be [...]
How Would US Bank Nationalization Impact the US Dollar?
February 22, 2009
I want to share my piece on How Nationalization of Citigroup and Bank of America could impact the US dollar if you haven’t caught it already (so I’m am posting his before I head to the NY Traders Expo).
The rally in gold prices tells us one thing and one thing only, which is [...]
January Fed Meeting (FOMC) Preview: What to Expect for the USD
January 27, 2009
For the first time since August 2007, the Federal Reserve is not expected to change interest rates. With the fed funds rate now set to a target range of 0 to 0.25 percent, the Federal Reserve has maxed out on their most conventional monetary policy tool. Although they still have different ways of adding [...]
Bernanke Rebrands Quantitative Easing as Credit Easing
January 13, 2009
For the first time since cutting interest rates to 0.25 percent, Federal Reserve Chairman Ben Bernanke outlined his plan of action. In a speech at the London School of Economics, Bernanke talked about the additional tools available to the Fed, an orderly exit strategy, concerns about inflation and suggestions about how the Obama Administration [...]
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