We all know that the daily trading range of the major currency pairs have expanded, but by how much?
Compared to 2007, the daily average trading range for the EUR/USD year to date has increased 195%. The average range for GBP/USD has increased 150% while the range for USD/JPY has expanded by 140%.
Since the beginning [...]

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The type of moves that we have seen in the currency market during the Asian and European trading sessions are typically what we see in a quarter or a half year. USD/JPY has fallen 5 percent, AUD/USD is down more than 8.5 percent while the NZD/USD is down 7 percent. The sell-off in [...]

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In the face of today’s 200 point positive and negative swings in the Dow, it could be argued that the US dollar has been relatively stable if you only look at the daily change of the 3 major currency pairs. The EUR/USD rallied 100 pips, the GBP/USD was unchanged while USD/JPY fell 75 pips. [...]

Posted in Bank of Canada, Bank of England, Canadian Dollar, ECB, FX Radio, Fed Rate Cut, Federal Reserve, Forex News, Forex Podcast, Japanese Yen, US Dollar, US Economy, euro, forex blog No Comments »

Dollar bulls continue to take the markets by the horns, driving the British pound to a 5 year low and the Euro below 1.28. Deleveraging and risk aversion have been the primary catalysts for the strength in the low yielders (US dollar and Japanese Yen) but currency bets gone wrong, repatriation and the fears [...]

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Here are some comments about the Euro and British pound that I wrote for my Daily Piece at GFT:
Expect the EUR/USD to break 1.30 and USD/JPY to break 100.
EURO FALLS TO THE LOWEST LEVEL SINCE FEB 2007
The Euro dropped to the lowest level against the US dollar since February 2007. The combination of weaker [...]

Posted in Bank of England, British Pound, ECB, Fed Rate Cut, US Dollar, euro, forex blog No Comments »