With the Dow Jones Industrial Average hitting 5 year lows today, the burning question on everyone’s mind is, how far can stocks fall.
This is a perfect time to republish a post that I wrote in the middle of October titled DJIA: Does the Past Offer Hope?
Here is a very interesting chart published by [...]

Posted in Dow, Forex, Forex News, Forex Technicals, Stock Market, US Dollar, euro, forex blog, usd/jpy 1 Comment »

Despite the turmoil in the US financial markets, foreign demand for US securities remain robust, particularly since the Treasury’s International Capital flow report was for September, the month that Lehman collapsed.
TIC Report Explains Dollar Rally
Demand was particularly strong for US Treasuries and equities but foreigners dumped corporate bonds on the fear of [...]

Posted in Carry Trades, Fed Rate Cut, Fed Rate Cut Expectations, Forex, Forex News, US Dollar, dollar rally, eur/usd, euro, forex blog, oil dollar, paulson, paulson dollar No 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 [...]

Posted in Forex, Forex News, Oil, forex blog, gas prices, oil dollar 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 »

The feel good factor in the markets was relatively short-lived with the 400 point rally in the Dow this morning turning into a more than 76 point decline by the end of the US trading session. The US dollar weakened against every major currency but the reversal in the Dow has caused the greenback [...]

Posted in Bernanke, ECB, FX Radio, Fed Rate Cut, Federal Reserve, Forex, Forex News, Japanese Yen, US Dollar, US Economy, Uncategorized, dollar rally, euro, forex blog No Comments »