Signs of stability in the US manufacturing sector has failed to turn around the market’s risk appetite. Although the US dollar has weakened marginally against all of the major currencies, if US stocks continue to sell off, we could see the dollar regain strength.
Will the US government allow GM to fail?
The [...]

Posted in Bank of England, British Pound, Carry Trades, ECB, Fed Rate Cut, Forex News, US Dollar, consumer spending, coordinated rate cuts, dollar earnings, dollar rally, ecb rate cut, eur/usd, forex blog, g20 meeting dollar, obama dollar, usd/jpy 2 Comments »

When the labor market is in trouble, the US economy is in trouble. Jobless claims rose 516k last week to the highest level since September 2001. The claims for unemployment benefits was only surpassed in the 2.5 weeks following 9/11.
Extrapolating the jobless claims data to non-farm payrolls and we could see non-farm [...]

Posted in Bernanke, Fed Rate Cut, Fed Rate Cut Expectations, US Dollar, consumer spending, forex blog, jobs No Comments »

The Congressional agreement of the $700 Billion bailout plan has proved to be anti-climatic for the stock and currency markets. There was a relief rally in the US dollar Sunday evening, but it lasted for no more than a blink of an eye as more problems came knocking on the door for financial institutions. [...]

Posted in Bank of England, Bank of Japan, Bernanke, Bloomberg, British Pound, Canadian Dollar, Carry Trades, Fed Rate Cut Expectations, Federal Reserve, Forex News, Forex Podcast, Intervention, US Dollar, bank holding companies, bank safe, consumer confidence, consumer spending, dollar earnings, dollar intervention, dollar rally, euro, fed liquidity dollar, forex blog No Comments »

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 »