We have FOMC and ECB meetings in the next 24 hours. Here’s some info on how economic data has fared since the last meeting.
US: Not Doing So Bad

ECB: Nothing but Weakness, Skirting Recession

Posted in 2010 eurusd forecast, 2010 eurusd forecasts, ECB, Fed Rate Cut, Fed rate hike, Federal Reserve, ecb rate cut 2 Comments »

I was on the Business News Network this morning talking about Greece and the outlook for the euro and U.S. dollar. Click on the image to access the video

Posted in 2011 cad forecast, Fed Rate Cut, Fed rate hike, Federal Reserve, euro sovereign debt crisis No Comments »

It has been a while since I provided updated numbers for the market’s rate hike expectations and I will chalk it up to my travels! Rate expectations are always changing and a lot has happened over the past month. Its always important to keep track of them because they reflect what investors are [...]

Posted in 2010 japanese yen forecast, 2011 british pound forecast, 2011 cad forecast, 2011 dollar forecast, 2011 euro forecast, Bank of Canada, Bank of England, Bank of Japan, Bernanke, Fed rate hike, Federal Reserve, forex blog No Comments »

According to the minutes from the April Federal Reserve monetary policy meeting, here is the 5 step exit strategy that policymakers prefer at this time:
1) End QE2 in June
2) Stop reinvestment some time this yr
3) Remove the “extended period” language in Q4 or early 2012
4) Raise interest rates
5) Start selling assets in 2012/2013
Nearly all of [...]

Posted in 2009 us dollar forecast, 2011 dollar forecast, Fed rate hike, Federal Reserve 1 Comment »

Rate hike expectations are always changing and its important to keep track of them because they reflect what investors are pricing in.
Here are the latest numbers and highlights (compared to last week)
Fed - One 25bp rate hike expected by Q1 2012 > Minor increase in implied policy changes
BoE - 50bp rate hike priced [...]

Posted in 2011 british pound forecast, 2011 cad forecast, 2011 euro forecast, Australian Dollar, ECB, Fed rate hike, Federal Reserve, aud/usd, australian dollar forecast, ecb rate hike, forex blog 1 Comment »