The following chart shows how the EUR/USD traded after the G7 joint intervention in Sept 2000. The EUR/USD made a new low and the ECB followed up with more intervention a month later which finally carved out the bottom. Will USD/JPY behave the same way?

Posted in 2010 eurusd forecast, 2010 eurusd forecasts, Euro Intervention, eur/usd, euro No Comments »

The European Central Bank President has finally buckled under the weight of bank failures, recessions and slower global growth. Although the ECB left interest rates unchanged at 4.25 percent this morning, Trichet has paved the way for an interest rate cut before the end of the year. This has driven the Euro to [...]

Posted in Euro Intervention, Forex News, Forex Podcast, Oil, Trichet, ecb rate cut, euro, euro oil, forex blog No Comments »

The fourth time is the charm for the Euro as it finally pierces the 1.60 level against the US dollar. Despite slightly better than expected existing home sales in the US, a rebound in house prices, and news that the German Banking Association bailed out Duesseldorfer Hypothekenbank AG after a string of mortgage losses, [...]

Posted in Crude Oil Prices, Euro Intervention, euro record high 3 Comments »

Here is the “In the Financial Papers Radio Broadcast” (Length: 6:49 minutes). The player should load automatically. Please let me know if you like it. Contact Kathy
In the Financial Papers:

 
Podcast Covers:
Bank of America Reports 77% Profit Loss and Sells Part of Stake in Chinese Bank
Smaller Banks Begin to Pay Price for Boomtime Expansion
National City Gets [...]

Posted in Australian Dollar, Bank of England, Bernanke, Bloomberg, British Pound, Carry Trades, Crude Oil Prices, Euro Intervention, FX Radio, Forex News, Forex Podcast, Home Sales, Japanese Yen, Layoffs, Trichet, US Dollar, US Economy, Wall Street Journal, china, dollar record low No Comments »

The Euro hit an all time high of 1.5983 against the US dollar following better than expected trade balance numbers. The strength faded quickly however when Eurogroup President Junker told the markets that they “did not correctly understand G7 message on FX” and he “does not consider the euro’s rise vs. dollar desirable.” This [...]

Posted in Euro Intervention, euro, euro record high No Comments »