October 10, 2008The price action in the equity markets today was nothing short of impressive. We literally had a W shaped trading day where stocks opened down 600 points, rallied back into positive territory, sold off again by another 600 points before recovering most of its losses by the end day. The volatility that we have seen [...]
Posted in ECB, Fed Rate Cut, Federal Reserve, Forex News, Forex Podcast, Japanese Yen, US Dollar, US Economy, euro, forex blog 
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October 10, 2008For the first time since March 2003, the Dow Jones Industrial Average broke 8000 at the open of the US markets. However just as quickly as stocks dropped 600 points, it recovered more than half of its losses in the first 15 minutes of trading and actually moved into positive territory 35 minutes into [...]
Posted in ECB, FX Radio, Fed Rate Cut, Federal Reserve, Forex News, Forex Podcast, Japanese Yen, US Dollar, US Economy, euro, forex blog 1 Comment »
October 10, 2008The Wall Street Journal has some great charts today that I think are important for historical reference:
The worst market slumps in the past 100 years
Top 10 Point Drops in the Dow
Posted in Dow, ECB, Fed Rate Cut, Federal Reserve, Forex News, Japanese Yen, US Dollar, US Economy, euro, forex blog No Comments »
October 9, 2008Another day, another plan from the US government that has failed to impress the markets. This morning, the Treasury said that they will be injecting capital directly into banks by taking an equity stake. In theory this announcement should give banks the peace of mind to start lending as a direct capital injection from [...]
Posted in ECB, Fed Rate Cut, Federal Reserve, Forex, Forex News, G7 meeting, Japanese Yen, US Dollar, US Economy, euro, forex blog No Comments »
October 8, 2008We have been literally begging the Federal Reserve, the European Central Bank and the Bank of England to work together to stem the bleed in equities and they have finally done it (What is the Fed Waiting For? And Panic Selling in FX Begs Coordinated Easing). For the first time since Sept 2001, central banks [...]
Posted in ECB, FX Radio, Fed Rate Cut, Federal Reserve, Forex News, Forex Podcast, Japanese Yen, US Dollar, US Economy, coordinated rate cuts, euro, forex blog 6 Comments »
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