The US’ $700B bailout plan will not do the trick - at least that’s how the currency market feels this morning. Deleveraging or the liquidation of risk is happening on a global scale as investors question if guaranteeing funds and bailing out banks are the right prescriptions for the credit crisis. Every single [...]

Posted in ECB, Fed Rate Cut, Federal Reserve, Forex News, Forex Podcast, US Dollar, US Economy, forex blog 3 Comments »

Here is an interview / panel discussion that I did yesterday with CNBC. We talked about the possibility of an EU Style TARP plan and whether the Euro could continue to fall. Click on the image to access the video

Posted in CNBC, Forex, Forex Podcast, euro, forex blog No Comments »

Non-farm payrolls dropped by 159k last month, 50 percent more than the market expected. Even though there was a minor upward revision to the August data, the Fed will have no choice but to cut interest rates at the end of the month. Fed fund futures are pricing in a 50bp rate cut [...]

Posted in FX Radio, Fed Rate Cut, Federal Reserve, Forex News, Forex Podcast, US Dollar, US Economy, forex blog, non-farm payrolls No Comments »

Will Non-Farm Payrolls Push the Fed to Cut Interest Rates?
September non-farm payrolls are due for release on Friday and now more than ever the level of job losses could determine whether the Federal Reserve will cut interest rates this month and by how much. The US dollar hit a one year high against the [...]

Posted in ECB, Fed Rate Cut, Federal Reserve, Forex News, Forex Podcast, Japanese Yen, US Dollar, US Economy, euro, forex blog, non-farm payrolls 1 Comment »

The European Central Bank President has finally buckled under the weight of bank failures, recessions and slower global growth. Although the ECB left interest rates unchanged at 4.25 percent this morning, Trichet has paved the way for an interest rate cut before the end of the year. This has driven the Euro to [...]

Posted in Euro Intervention, Forex News, Forex Podcast, Oil, Trichet, ecb rate cut, euro, euro oil, forex blog No Comments »