In less than 24 hours, we have interest rate decisions from 3 countries:
1. New Zealand
2. United Kingdom
3. Eurozone
With the global easing cycle in full swing, rate cuts are expected all around. New Zealand and the UK have been two of the most aggressive countries when it comes to cutting interest rates.  At their last meetings, [...]

Posted in Bank of England, BoE rate cut, British Pound, ECB, Forex News, Forex Podcast, New Zealand dollar, ecb rate cut, eur/usd, euro, forex blog, reserve bank of new zealand No Comments »

I was on Bloomberg Television last night talking about how I like shorting USD/CAD and how USD/JPY could hit 95 (USD/CAD was 1.2303 last night and USD/JPY trading at 97).
Click the image to watch the video. It is on the right hand side of the screen.
Here is a chart of USD/CAD:
USD/CAD is in the [...]

Posted in Bloomberg, Canadian Dollar, Forex, Forex News, Forex Podcast, Forex Technicals, Japanese Yen, USD/CAD, forex blog, usd/jpy No Comments »

US GDP growth has contracted but that has not stopped the equity and currency market from rallying. The GDP number was not as bad as the market had feared but what really drove the markets higher was the Federal Reserve’s new Term Asset-Backed Securities Loan Facility (TALF).
Both the outgoing and incoming Presidents are [...]

Posted in Bernanke, FOMC, Forex, Forex News, Forex Podcast, TARP plan dollar, US Dollar, US Economy, consumer spending, coordinated rate cuts, dollar earnings, eur/usd, euro, forex blog 1 Comment »

This morning, the sun is shining on New York City and on Wall Street.
President-elect Barack Obama was one of the few people that could have restored confidence in the financial markets through the appointment of a Cabinet members that the market trusts and a clearer plan of action for tackling the economic crisis. [...]

Posted in Citigroup Layoffs, Crude Oil Prices, Existing Home Sales, Fed Rate Cut, Forex News, Forex Podcast, US Dollar, US Economy, dollar intervention, dollar rally, forex blog, obama dollar 2 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 »