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: 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 Bank of Canada, Bank of England, British Pound, Canadian Dollar, FX Radio, Forex Podcast, euro, euro record high 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 »

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, US Dollar, euro, euro record high 2 Comments »

Oil prices are ripping higher this morning. 24 hours after the US retail sales report told us that gasoline receipts is the ONLY reason why the value of consumer spending increased last month, today’s rise in oil leads us to wonder how much more pain can the average consumer bear?
McCain’s Proposal = 2 Big [...]

Posted in Bank of England, ECB, Federal Reserve, Oil, euro record high 1 Comment »