Entries Categorized as 'euro'

What is the Fed Waiting For?

Date October 7, 2008

Before the US stock markets opened this morning, the Federal Reserve announced a plan to buy commercial paper directly from issuers in yet another attempt to unfreeze the credit markets. Although this led to a rally in US stocks, USD/JPY and other carry trades, the rally was short-lived. Having been up as much [...]

Panic Selling in Forex Begs Coordinated Easing

Date October 6, 2008

It has been an extremely volatile day in the currency markets with big figures (100 pip) moves in USD/JPY happening in a blink of an eye. The more than 4 percent decline in USD/JPY is the largest single day percentage drop in close to 10 years. The degree of the moves that we [...]

Kathy Lien’s Interview on CNBC about the Euro

Date October 3, 2008

Here is an interview / panel discussion that I did yesterday with CNBC. We talked about the possibility of an EU Style TARP plan and whether the Euro could continue to fall. Click on the image to access the video

Non-Farm Payrolls Preview: Impact on Euro

Date October 2, 2008

Will Non-Farm Payrolls Push the Fed to Cut Interest Rates?
September non-farm payrolls are due for release on Friday and now more than ever the level of job losses could determine whether the Federal Reserve will cut interest rates this month and by how much. The US dollar hit a one year high against the [...]

Euro Hits 1 Yr Low on Trichet’s Comments: Is He Open to Coordinated Easing?

Date October 2, 2008

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 [...]