With Hurricane Gustav being downgraded to a tropical depression, the Hurricane Premium is off the table. Oil prices have plunged more than $10 a barrel since Friday with $100 a barrel now within striking distance. The rally in the US dollar is a direct result of the fall in oil prices. Since [...]

Posted in Canadian Dollar, Crude Oil Prices, ECB, Forex News, Oil, US Dollar, US Economy, consumer spending, dollar rally, eur/usd, forex blog, gas prices No Comments »

Here is the “In the Financial Papers Radio Broadcast” (Length: 5:47 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:
Fannie, Freddie Tumble on Concern U.S. Rescue Will Sacrifice Shareholders
Dollar Drops to Record Low
Retail Sales, Producer Prices
Mortgage Insurers Raise the [...]

Posted in Bank of England, Bank of Japan, Bernanke, Bloomberg, British Pound, Dow, ECB, FX Radio, Fed Rate Cut, Federal Reserve, Forex Podcast, Inflation, Japanese Yen, Oil, US Dollar, consumer spending, dollar record low, euro, forex blog, oil record high No Comments »

No US economic data was released this morning explaining the listless action in the US dollar. Traders are hesitant because they know that things could change dramatically with the 3 event risks tomorrow that could shake up in the US dollar.
This is an excerpt from my daily article on DailyFX.com
The first is [...]

Posted in US Economy, VIX, consumer spending, retail sales 1 Comment »

Here is the “In the Financial Papers Radio Broadcast” (Length: 5:04 minutes). The player should load automatically. Please let me know if you like it. Contact Kathy
In the Financial Papers:

 
Podcast Covers:
RBA Statement a Tad Dovish as Bank Focuses on Growth Risks
Tankan confidence falls less than expected
German June Unemployment Falls to Lowest in 16 Years
Crude Oil [...]

Posted in Australian Dollar, Bank of England, Bank of Japan, Bernanke, Bloomberg, British Pound, FX Radio, Fed rate hike, Forex, Forex Podcast, Interest rates, Reserve Bank of Australia, Trichet, US Dollar, Wall Street Journal, chinese yuan, consumer spending, ecb rate hike No Comments »

By Kathy Lien, Chief Strategist of DailyFX.com and Abhi Chakraborty
Published: June 11, 2008
US retail sales are due for release on Thursday and the degree of consumer spending could play a big role in determining where the US dollar may head next. Despite continued deterioration in the labor market, economists expect retail sales to [...]

Posted in US Dollar, consumer spending, retail sales 1 Comment »