The Euro is rallying ahead of Thursday’s ECB monetary policy meeting telling us that the market expects ECB President Trichet to say something hawkish. A 25bp rate hike has already been discounted by currency traders, but with the annualized pace of Eurozone producer prices growing by the fastest pace on record, consumer spending in […]

Posted in ecb rate hike, euro record high, Trichet, euro, ECB 2 Comments »

After hitting a record low against the Euro on Tuesday, there has been little follow through selling in the US dollar, leaving many traders wondering whether this may be a pause before further losses or a potential bottom.
Although I am a long term dollar bear, the break of 1.60 is far from impressive. […]

Posted in Inflation, euro record high, Fed Rate Cut Expectations, Bernanke, Crude Oil Prices, euro, US Dollar No Comments »

One of the strategies in my High Probability Trading eBook is called the Extension Fade. The strategy looks to fade a move after a currency pair has rallied or fallen for a certain number of consecutive days.
According to the eSignal chart below, EUR/JPY is now on its EIGHTH consecutive day of strength. […]

Posted in euro record high, euro 3 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 Euro Intervention, euro record high, Crude Oil Prices 2 Comments »

Here is the “In the Financial Papers Radio Broadcast” (Length: 5:46 minutes). The player should load automatically. Please let me know if you like it. Contact Kathy
In the Financial Papers:

 
Podcast Covers:
Bank of Canada Cuts Interest Rates by 50bp, Signals More to Come
Bank of England Offers to Acquire Mortgage Securities
Calls for LIBOR Rate Shake-up Grows
German Banking […]

Posted in Forex Podcast, Bank of Canada, euro record high, Bank of England, FX Radio, Canadian Dollar, euro, British Pound 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 record high, euro No Comments »