Since the beginning of the year, the EUR/USD has had a trading range of 21 big figures or 2100 pips.
The high of 1.6038 was set back in July and while the low (so far) of 1.3882 was hit last Friday.
With an average annual range of 1900 pips since the Euro’s inception, the move [...]

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The US dollar continues to recover this morning on the aftermath of the 3Ps - Paulson, Plosser and price of oil. Oil prices are trading on the $125 handle and since last Monday they have fallen more than 14 percent. If oil prices reach $100 a barrel, half of the Fed’s problems would [...]

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Although it has been relatively quiet in the foreign exchange market today, the Euro hit a record high against the Japanese Yen. The primary reason why EUR/JPY has rallied 11 percent over the past 3.5 months is because of US growth - not many people realize that the price action of EUR/JPY is directly [...]

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Two significant milestones have been reached in the financial markets today, one in stocks and one in currencies.
On an intraday and possibly even on a closing basis, the Dow Jones Industrial Average has broken the Bear Stearns low. It was in the middle of March that the Bear Stearns debacle became public, [...]

Posted in Bear Stearns, Dow, EURJPY Record High, Kathy Lien, US Dollar, forex blog 2 Comments »