Entries Categorized as 'Federal Reserve'
October 23, 2008
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 »
October 23, 2008
OPEC’s emergency meeting is scheduled for tomorrow. Over the past 3 months, oil prices have fallen more than 50 percent! I think that it is worthwhile to revisit an oil chart that I posted earlier this week. Although they are expected to reduce production, they could actually cut by more than 1 million [...]
Posted in Federal Reserve, Forex News, US Dollar, oil dollar No Comments »
October 22, 2008
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 [...]
Posted in ECB, Fed Rate Cut, Federal Reserve, Forex News, Forex Podcast, Japanese Yen, New Zealand dollar, US Dollar, US Economy, euro, forex blog, reserve bank of new zealand 1 Comment »
October 21, 2008
Stocks are down 200 points as of lunch time in NY, carry trades have weakened significantly as well. So far, the biggest percentage decline has been seen in AUD/JPY which dropped 4.75 percent.
Although volatilities have increased, LIBOR rates and the TED spread continue to fall, indicating that lending conditions are improving. [...]
Posted in Fed Rate Cut, Federal Reserve, Forex News, TED Spread, US Dollar, US Economy, VIX No Comments »
October 21, 2008
The Bank of Canada cut interest rates by 25bp to 2.25%. This move was smaller than the market expected but still represents 75bp of easing since the beginning of the month.
With the Federal Reserve set to reduce interest rates next week, Canada’s explanation for the smaller could shed some light on what the [...]
Posted in Bank of Canada, Canadian Dollar, Fed Rate Cut, Federal Reserve, Forex News, US Dollar, US Economy, forex blog 2 Comments »
content rss