With the US markets closed for Martin Luther King’s Day, the odds were skewed towards a quiet trading. However, big news in Europe has made it anything BUT quiet.
After hitting an intraday high above 1.33, the EUR/USD has sold off aggressively on news that Standard and Poors downgraded the sovereign [...]

Posted in 2009 eurusd forecasts, 2009 gbpusd forecast, Bank of England, British Pound, ECB, ecb rate cut, eur/gbp, eur/usd, forex blog, spain downgraded 2 Comments »

Update - 5 Reasons Why the British Pound is Being Pounded - Access my latest article Feb 28, 2010
http://www.kathylien.com/site/british-pound/british-pound-5-reasons-why-the-pound-is-being-pounded

How Did the British Pound Trade in 2008?
The British pound was one of the worst performing currencies in 2008. It fell to a 6 year low against the US dollar and record low against the Euro [...]

Posted in 2009 british pound forecast, 2009 currency forecasts, 2009 forex forecasts, 2009 gbpusd forecast, Bank of England, BoE rate cut, British Pound, Currency forecasts, Forex Technicals, eur/gbp, eur/gbp record high, forex blog 243 Comments »

As you know, I have been very bullish EUR/GBP this week. On Monday, I showed you this chart of EUR/GBP and told you that is headed for 90 cents from 87 cents and today it has pretty much reached that level. The high in EUR/GBP was 0.89978, 2.2 pips from my 0.90 target. [...]

Posted in Forex News, Forex Technicals, eur/gbp, eur/gbp record high, forex blog, forex signals 7 Comments »

US retail sales and producer prices were basically in line with expectations but that does not undermine the fact that the data was very weak and confirms that the Federal Reserve will be cutting interest rates by 75bp next week. USD/JPY hit a 13 year low last night after news that the automaker [...]

Posted in Bernanke, Black Friday, Crude Oil Prices, Fed Rate Cut, Fed Rate Cut Expectations, Federal Reserve, Forex News, US Dollar, US Economy, Yen Intervention, consumer spending, dollar rally, dollar record low, eur/gbp, eur/gbp record high, forex blog, retail sales, usd/jpy, usd/jpy intervention, zero interest rates 7 Comments »

Hawkish comments from ECB member Weber is driving the EUR/USD through the roof. The currency pair is up close to 2.5 percent or more than 300 pips.
After cutting interest rates by 75bp earlier this month, ECB member Weber said today that a January rate cut is not a done deal. [...]

Posted in ECB, Fed Rate Cut, Forex News, Forex Technicals, Trichet, ecb rate cut, eur/gbp, eur/gbp record high, eur/usd, euro, forex blog, forex signals 2 Comments »