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 Euro Intervention, euro record high, Crude Oil Prices 2 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 Home Sales, US Economy, Layoffs, Bank of England, Wall Street Journal, Trichet, Euro Intervention, dollar record low, Forex Podcast, Bernanke, FX Radio, British Pound, US Dollar, Japanese Yen, Crude Oil Prices, Forex News, Bloomberg, china, Australian Dollar, Carry Trades 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 […]

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Week after week I have called for the EUR/USD to break 1.60. Today, the currency pair hit an all time high and is inching ever so closer to that target. It will just be a matter of time before that level is broken at which time intervention risk will increase substantially. Hot […]

Posted in Euro Intervention, euro record high, euro, US Dollar 2 Comments »

Here is the “In the Financial Papers Radio Broadcast” (Length: 07:49 minutes). The player should load automatically. Please let me know if you like it. Contact Kathy
In the Financial Papers:

 
Podcast Covers:
Jobless Claims Breach 400k
Bernanke Says Recession May be near
US Slowdown Takes Toll Across the Globe
US Factory Orders Fall for Second Month in a Row
Credit Crisis […]

Posted in recession, Trichet, Wall Street Journal, Forex Podcast, non-farm payrolls, Euro Intervention, Reserve Bank of Australia, Inflation, US Economy, Bernanke, Federal Reserve, payrolls, US Dollar, Stock Market, British Pound, FX Radio, Bloomberg, euro, Japanese Yen No Comments »

Here is the “In the Financial Papers Radio Broadcast” (Length: 06:04 minutes). The player should load automatically. Please let me know if you like it. Contact Kathy
In the Financial Papers:

 
Podcast Covers:
Dollar Fluctuations Make Traders Whisper `I’ Word as Group of Seven Frets
Federal Home Loan Banks May Buy $100 Billion of Mortgage-Backed Securities
Wall Street Firms Eliminate […]

Posted in Forex Podcast, Goldman Sachs, Trichet, Saudia Arabia dollar peg, us earnings, Euro Intervention, Intervention, Lehman Layoffs, Wall Street Journal, US Economy, Stock Market, Federal Reserve, ECB, euro, Bloomberg, Fed Rate Cut, FX Radio, US Dollar No Comments »