Here are the changes on the FOMC statement - as you can see, not much

Posted in FOMC, Fed Rate Cut Expectations, Federal Reserve 2 Comments »

The biggest event in the forex market this week will be tomorrow’s Federal Reserve monetary policy announcement. On FX360.com, I published an extensive article talking about what the Fed may or may not do (FOMC Preview: The Key Language Changes to Look for)
Here are the possible scenarios for the U.S. dollar:
A) Fed uses [...]

Posted in 2010 dollar forecast, Fed Rate Cut Expectations, Fed rate hike, dollar rally, forex blog 1 Comment »

We are witnessing a very powerful move in USD/JPY ahead of the FOMC rate decision. After falling to a low of 95.11 intraday, the currency pair has recovered all of its losses and then some. USD/JPY is now trading back within the Buy Zone, which i determine using Bollinger Bands with a strong hammer [...]

Posted in FOMC, Fed Rate Cut Expectations, Federal Reserve, forex blog, usd/jpy 1 Comment »

Here is an update on central bank rate cut expectations:
Eurozone - 25bp rate cut expected on Thursday
U.K. - No rate cuts for the rest of the year, but watch out for comments on Quantitative Easing
Australia - Rates left unchanged last night. 2.50% expected to be the floor

New Zealand - One more rate cut [...]

Posted in Bank of Canada, Bank of England, ECB, Fed Rate Cut Expectations, forex blog No Comments »

With the Fed’s announcement today, many people may be wondering “How does the Fed print money?” Here is a snippet from my Daily Piece on Currencies.
Most of the time when we say that a central bank “prints money” that does not mean that they actually fire up the electronic version of a printing [...]

Posted in Bernanke, Fed Rate Cut, Fed Rate Cut Expectations, quantitative easing 14 Comments »