The rejection of the $700B bailout plan by the House of Representatives came completely out of the left field, driving a knife through both US equities and the US dollar. For the Bush Administration, it certainly feels like they are moving one step forward and taking two steps back but the severity of [...]

Posted in Bernanke, Bloomberg, British Pound, Crude Oil Prices, Currency forecasts, FOMC, Fed Rate Cut, Fed Rate Cut Expectations, Forex News, Forex Podcast, US Dollar, VIX, bank safe, consumer confidence, euro, forex blog, us earnings, usd/jpy No Comments »

For the second day in a row, Federal Reserve Chairman Ben Bernanke and US Treasury Secretary Paulson pleaded to the power players of Washington to pass their request for $700 Billion to implement their Troubled Asset Relief Program (TARP). However if we move the letters around a bit, TARP becomes TRAP and that is [...]

Posted in Bernanke, Carry Trades, Crude Oil Prices, Fed Rate Cut, Fed Rate Cut Expectations, Federal Reserve, Forex News, Forex Podcast, dollar rally, eur/usd, fannie mae freddie mac, forex blog, paulson dollar 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 »

It’s a super busy day, so I haven’t gotten a chance to really blog about the markets. However so far oil prices are down $6 a barrel - for $13 over the past 2 trading days.
I wrote this post on How Far Could Oil Prices Fall? last week, which is quite applicable to [...]

Posted in Crude Oil Prices No Comments »

Here is the “In the Financial Papers Radio Broadcast” (Length: 7:48 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:
Jobless Claims Drop Distorted by Seasonality
Australian Employment Numbers Much Stronger than Expected
Bank of England Leaves Interest Rates Unchanged
Ex BoE Goodhart [...]

Posted in Australian Dollar, Bank of England, British Pound, Canadian Dollar, Crude Oil Prices, Dow, ECB, FX Radio, Forex Podcast, Japanese Yen, New Zealand dollar, Trichet, US Dollar, US Economy, Wall Street Journal, euro, forex blog No Comments »