There are increasing signs that the Bush Administration wants to leave the clean up job to Barack Obama.
According to Treasury Secretary Paulson, even though the first half of the $700 billion bailout package is being used up quickly, the Bush Administration will not be asking Congress for the remaining $350 billion. [...]

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Signs of stability in the US manufacturing sector has failed to turn around the market’s risk appetite. Although the US dollar has weakened marginally against all of the major currencies, if US stocks continue to sell off, we could see the dollar regain strength.
Will the US government allow GM to fail?
The [...]

Posted in Bank of England, British Pound, Carry Trades, ECB, Fed Rate Cut, Forex News, US Dollar, consumer spending, coordinated rate cuts, dollar earnings, dollar rally, ecb rate cut, eur/usd, forex blog, g20 meeting dollar, obama dollar, usd/jpy 2 Comments »

I was in New Jersey this weekend and was amazed to see gas prices at $1.89 a gallon! Sometimes reality doesn’t set in until you venture outside of the Big Apple because at the Mobile Station on the corner of the West Side Highway and Canal Street in NY, a gallon is still selling [...]

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In every major bear market, there are relief rallies and that is what we have seen today. The Dow Jones Industrial Average dropped more than 300 points during the US trading session before reversing violently to end the day up more than 550 points. The major turnaround in equities has forced the US [...]

Posted in Australian Dollar, Bank of England, British Pound, Canadian Dollar, Forex News, Forex Technicals, US Dollar, US Economy, beige book dollar, eur/usd, euro, forex blog, forex trading calendar, retail sales No Comments »

I read this great article today about the Skyscraper Index. It’s a bit dated and you may have already heard of it, but nonetheless I find it very interesting so I figured you might too.
The index was created by economist Andrew Lawrence in 1999 and based upon his analysis, major downturns in the economy [...]

Posted in Forex, Forex News, Forex Podcast, forex blog, skyscraper index 3 Comments »