US retail sales and producer prices were basically in line with expectations but that does not undermine the fact that the data was very weak and confirms that the Federal Reserve will be cutting interest rates by 75bp next week. USD/JPY hit a 13 year low last night after news that the automaker [...]

Posted in Bernanke, Black Friday, Crude Oil Prices, Fed Rate Cut, Fed Rate Cut Expectations, Federal Reserve, Forex News, US Dollar, US Economy, Yen Intervention, consumer spending, dollar rally, dollar record low, eur/gbp, eur/gbp record high, forex blog, retail sales, usd/jpy, usd/jpy intervention, zero interest rates 7 Comments »

Fresh concerns about the global economy have triggered sharp gains in the US dollar and the Japanese yen. Risk aversion continues to seep through the markets as the National Bureau of Economic Research finally admits that the US economy fell into recession in December 2007. The first trading day of the last month in the [...]

Posted in Bernanke, Black Friday, Carry Trades, Fed Rate Cut, Fed Rate Cut Expectations, Forex, Forex News, consumer confidence, dollar rally, forex blog No Comments »

Here is the “In the Financial Papers Radio Broadcast” (Length: 09:21 minutes). The player should load automatically. Please let me know if you like it. Contact Kathy
In the Financial Papers:

 
Podcast Covers:
- What Will Tip the US Economy Into Recession?
- Bernanke and Kohn Set to Talk this Week
- Citigroup Plans Another Round of What Could be [...]

Posted in Australian Dollar, Bernanke, Black Friday, Citigroup Layoffs, Crude Oil Prices, FX Radio, Forex Podcast, Kevin Rudd, Oil, US Dollar, US Economy, Wall Street Journal, consumer spending, recession, retail sales 2 Comments »