Here’s another timely story from the Wall Street Journal. Forex markets are in a doozy today with speculation of another possible ratings downgrade for Greece. A bunch of Greek banks were already downgraded earlier this week. However Spain could be the next straw to break:
Greece set off the crisis rattling the [...]

Posted in eur/usd, spain crisis No Comments »

What is the difference between the Discount Rate and the Fed Funds Rate?
On Thursday February 18th, the Federal Reserve surprised the markets by raising the discount rate by 25bp to 0.75 percent, sending the U.S. dollar sharply higher against all of the major currencies. Although the Fed went out of their way to say [...]

Posted in Federal Reserve, Forex, eur/usd, forex blog 9 Comments »

I was on CNCB last night talking about whether the euro’s gains are sustainable:

Posted in 2009 eurusd forecasts, eur/usd No Comments »

Dollar bashing has driven the U.S. dollar to an 11 month low against the Euro and 1 year low against the Australian dollar. If you have caught my interviews on CNBC and Bloomberg, you would know that I have been bearish dollars and bullish Aussies and Euro for the past 2 months. Now [...]

Posted in 2009 eurusd forecasts, 2009 us dollar forecast, Bank of England, British Pound, Gold, dollar record low, eur/usd, forex blog No Comments »

Every month before the non-farm payrolls report is released, I write about whether I think NFP will be better or worse than the previous month and how to trade it. Hopefully you got a chance to read my report and see the charts of how the EUR/USD typically trades post payrolls - Bar is Set [...]

Posted in 2009 eurusd forecasts, eur/usd, forex blog, non-farm payrolls 3 Comments »