The G7 released a statement on the Japanese Yen this morning, but unfortunately it is all talk and no action which suggests that the Japanese may have had a hard time convincing their US and European counterparts to join in on any physical intervention to sell Yen.
In this type of market environment, open threats [...]

Posted in Australian Dollar, Bank of Japan, Fed Rate Cut, Forex News, G7 meeting, US Dollar, US Economy, euro, forex blog No Comments »

Another 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 »

The volatility that we have seen in the currency, stock and bond markets this past week has not been for the faint of heart. The Dow Jones Industrial Average fell 500 points on Monday, but instead of continuing lower over the course of the week, it staged the biggest 2 day rally in 5 [...]

Posted in Bank of Canada, Bank of England, Bernanke, Bloomberg, Currency forecasts, Dow, Durable Goods, Fed Emergency Cut, Fed Rate Cut, Fed Rate Cut Expectations, Fed rate hike, Forex, Forex News, Forex Podcast, G7 meeting, USD/CAD, dollar earnings, dollar rally, euro, fannie mae freddie mac, forex blog, usd/jpy No Comments »

Since the beginning of this week, the Euro has fallen more than 500 pips against the US dollar, its biggest weekly gain in 3 years. The prospect of a rate hike by the Federal Reserve in August and/or September as well as key event risks over the next 48 hours has currency traders rushing [...]

Posted in G7 meeting, G8 meeting, Intervention, US Dollar, dollar intervention, euro 1 Comment »

Here is the “In the Financial Papers Radio Broadcast” (Length: 4:48minutes). The player should load automatically. Please let me know if you like it. Contact Kathy
In the Financial Papers:

 
Podcast Covers:
Consumer Confidence Hits 28 Year Lows
Consumer Prices Hot on Headline Level, Tepid on Core
Oil Falls as Saudi Arabia’s al-Naimi Says Meeting Will `Stabilize’ Prices
Stimulus Checks Aid [...]

Posted in Bernanke, Bloomberg, Crude Oil Prices, Currency Intervention, FX Radio, Forex Podcast, G7 meeting, G8 meeting, Inflation, US Dollar, consumer confidence No Comments »