Entries Categorized as 'eur/usd'

Dollar Soars as FOMC Minutes Trigger Liquidation

Date November 19, 2008

Despite false rallies in the currency market, I have stressed that there is no reason for the liquidation to be over. I warned that the currency and stock market rallies were a mirage rather than a bottom and now, the pessimistic tone of the FOMC minutes has forced another wave of liquidation.
Tuesday’s [...]

What are Paulson and Bernanke Saying?

Date November 18, 2008

Bernanke and Paulson are testifying before the House Financial Services Committee and these are their comments (this list will be growing as they speak, so check back often)
Bernanke’s Comments
- Some Signs Credit Market Are Improving
- Credit Conditions Still Far From Normal
- Injection of TARP Capital Critical to Confidence
- Banks Should Review Compensation to [...]

TIC Report Explains Dollar Rally - Top 5 Owners of US Treasuries

Date November 18, 2008

Despite the turmoil in the US financial markets, foreign demand for US securities remain robust, particularly since the Treasury’s International Capital flow report was for September, the month that Lehman collapsed.
TIC Report Explains Dollar Rally
Demand was particularly strong for US Treasuries and equities but foreigners dumped corporate bonds on the fear of [...]

Dollar Hangs Tight on GM Risk, Recession Trades Still On

Date November 17, 2008

Signs of stability in the US manufacturing sector has failed to turn around the market’s risk appetite. Although the US dollar has weakened marginally against all of the major currencies, if US stocks continue to sell off, we could see the dollar regain strength.
Will the US government allow GM to fail?
The [...]

Is the Currency and Equity Rally a Mirage?

Date November 13, 2008

In every major bear market, there are relief rallies and that is what we have seen today. The Dow Jones Industrial Average dropped more than 300 points during the US trading session before reversing violently to end the day up more than 550 points. The major turnaround in equities has forced the US [...]