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 »

Euro denominated covered bonds are securities created from either a pool of private or public sector loans. Covered bonds are similar to mortgage and asset-backed securities in many ways.
The primary difference is that the loans backing a covered bond remain on the balance sheet of the issuing bank. The bonds are therefore obligations [...]

Posted in 2009 eurusd forecasts, ECB, ecb rate cut, eur/usd 1 Comment »

Here is an update on central bank rate cut expectations:
Eurozone - 25bp rate cut expected on Thursday
U.K. - No rate cuts for the rest of the year, but watch out for comments on Quantitative Easing
Australia - Rates left unchanged last night. 2.50% expected to be the floor

New Zealand - One more rate cut [...]

Posted in Bank of Canada, Bank of England, ECB, Fed Rate Cut Expectations, forex blog No Comments »

Tomorrow the European Central Bank is expected to take interest rates to a record low of 1.00 percent. The size of their rate cut as well as the possibility of the central bank adopting “unconventional measures” should weigh heavily on the EUR/USD going into the rate decision. With the Eurozone economy deteriorating by [...]

Posted in 2009 eurusd forecasts, ECB, ecb rate cut, euro, forex blog No Comments »