The U.S. dollar fell to a 7 month low against the Japanese Yen this morning following another barrage of weak economic data. Consumer prices fell, foreign inflows decreased and the UMich consumer confidence survey dropped to the lowest level since August 2009. On FX360.com, I talked incessantly in my daily report about how [...]

Posted in 2009 japanese yen, 2009 japanese yen forecast, 2009 us dollar forecast, ECB, Japanese Yen, forex blog, usd/jpy, usd/jpy intervention 7 Comments »

How much further can the euro fall? I spoke with Bloomberg on Friday about the outlook for the currency pair and potential targets. Enjoy:

Find more videos like this on www.truveo.com.

Posted in 2009 eurusd forecasts, ECB, forex blog 6 Comments »

With rating agency Fitch downgrading Portugal’s sovereign debt rating and Germany continuing to whine about bailing out Greece, who can blame forex traders for dumping euros? A flight to quality pushed the euro to a 10 month low against the U.S. dollar and now there is no major support in the EUR/USD until 1.30. [...]

Posted in ECB, euro, fitch downgrade portugal, forex blog 13 Comments »

I will be on Bloomberg Television today at 1:20pm talking about the FOMC rate decision.
I just wanted to let everyone know that I will be in Singapore next week speaking at the Investfair. If you are around the area, come and see one of the presentations! I will also be giving a Forex [...]

Posted in ECB, forex blog 3 Comments »

Both the European Central Bank and the Bank of England announced asset purchases today, but the Euro skyrocketed while the British pound fell, leading many currency traders to wonder What Sets the ECB Apart from Fed and BoE?
Read Boris’ take on the Bank of England Rate Decision
Before talking about why the euro recovered, here are [...]

Posted in 2009 eurusd forecasts, ECB, Trichet, eur/usd, forex blog No Comments »