Here is a quick note on this morning’s price action that I published on GFT’s Research page
Oil prices are above $120 a barrel on geopolitical tensions and fears that Tropical Storm Fay will make landfall for the third time, which is an extremely rare occurrence.
The correlation between crude prices and the US Dollar [...]

Posted in Dow, Forex Podcast, US Dollar, dollar earnings, dollar intervention, dollar rally, forex blog 3 Comments »

Risk reverals in the EUR/USD have hit an extreme level. The 25 delta 3 month risk reversals are at the highest level since June 2007. Whenever risk reversals hits critical levels, it indicates that everyone who wants to be long euros are already long and as a result, sentiment has hit an extreme. [...]

Posted in Bernanke, dollar intervention, forex blog, risk reversals eurusd 2 Comments »

Since the beginning of this week, the Euro has fallen more than 500 pips against the US dollar, its biggest weekly gain in 3 years. The prospect of a rate hike by the Federal Reserve in August and/or September as well as key event risks over the next 48 hours has currency traders rushing [...]

Posted in G7 meeting, G8 meeting, Intervention, US Dollar, dollar intervention, euro 1 Comment »

The Clear Message from the Bush Administration
Last Tuesday, Federal Reserve Chairman Ben Bernanke breaks from tradition and talked about currencies. He drew links between the weaker dollar and higher import costs and consumer price inflation. His cohorts including Fed President Geithner confirmed that the central bank is paying “very close attention” to [...]

Posted in Bernanke, Intervention, dollar intervention, paulson No Comments »

Here is the “In the Financial Papers Radio Broadcast” (Length: 4:01 minutes). The player should load automatically. Please let me know if you like it. Contact Kathy
In the Financial Papers:

 
Podcast Covers:
- Bank of Canada Leaves Interest Rates Unchanged
- Oil Prices Drive US Trade Deficit Higher
- Bernanke Reiterates Concern for Inflation
- Oil Jump Catches Speculators Off [...]

Posted in Bank of Canada, Bernanke, Canadian Dollar, ECB, FX Radio, Forex Podcast, Inflation, Oil, dollar intervention No Comments »