To the surprise of the financial markets, the Federal Reserve left interest rates unchanged at 2 percent. Going into the meeting, everyone thought that the Fed was backed into a corner and would have no choice but to cut interest rates by 25 and possibly even 50bp. Although the tone of the FOMC statement [...]

Posted in FOMC, FOMC Minutes, Federal Reserve, forex blog No Comments »

The US dollar has been quietly trended higher since the European trading session.The EUR/USD hit a high of 1.4768 shortly after the London open but ended the US session near its daily lows.Although this strength was also seen against many of the other major currencies, the dollar failed to rally against the Japanese Yen.This weakness [...]

Posted in Dow, FOMC Minutes, Federal Reserve, Forex, Forex Podcast, US Dollar, US Economy, euro, forex blog No Comments »

Here is the “In the Financial Papers Radio Broadcast” (Length: 5:14 minutes). The player should load automatically. Please let me know if you like it. Contact Kathy
In the Financial Papers:

 
Podcast Covers:
Fed Chairman Kohn Paints Dour Picture
Japan Weighs Releasing Rice Reserves
Vietnam Considers Ending Rice Export Curbs
Is Inflation NExt Fight for the Fed?
UK Rentals See Boom as [...]

Posted in Australian Dollar, British Pound, Crude Oil Prices, Existing Home Sales, FOMC Minutes, FX Radio, Fed Rate Cut, Fed Rate Cut Expectations, Federal Reserve, Forex Podcast, Housing Market, Inflation, New Zealand dollar, Radio, US Dollar, Vietnam, Wall Street Journal, euro, retail sales No Comments »

Here is the “In the Financial Papers Radio Broadcast” (Length: 08:15 minutes). The player should load automatically. Please let me know if you like it. Contact Kathy
In the Financial Papers:

 
Podcast Covers:
- British Pound Bottoms out on UK retail sales
- What to Expect for Canadian retail sales tomorrow
- Is the US Economy in Stagflation?
- US Rates [...]

Posted in BKTrader FX, Bank of England, British Pound, Crude Oil Prices, DailyFX, ECB, FOMC Minutes, FX Radio, Fed Rate Cut, Fed Rate Cut Expectations, Forex News, Forex Podcast, Housing Market, Interest rates, Japanese Yen, Sovereign Wealth Funds, Trichet, US Dollar, USD/CAD, Wall Street Journal, euro, payrolls, retail sales, us earnings No Comments »

All eyes are locked on the Federal Reserve’s interest rate decision on January 30th, which is tomorrow - Will they cut by 25, 50 or 75bp?
Shortly after the emergency rate cut, there was a decent chance that the Fed could make two back to back 75bp rate cuts. But since then, traders have [...]

Posted in FOMC, FOMC Minutes, Fed Rate Cut, Fed Rate Cut Expectations, Federal Reserve, Forex News, US Dollar, US Economy No Comments »