If the equity market managed to rally despite news that 533k jobs were lost from the US economy last month, then Obama’s pledge to increase spending this weekend and the developments for the Big 3 automakers will only help. Risk appetite appears to be slowly returning to the markets with the low yielding US dollar [...]

Posted in Carry Trades, FOMC, Forex News, Forex Podcast, Forex TV, dollar rally, forex blog, forex book, obama dollar 2 Comments »

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 »

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 »

Barack Hussein Obama is the 44th President of the United States, the first African American and the second youngest President.
In reaction to his election, the US dollar is marginally higher and the US stock market has opened lower. Regardless of the overwhelming support for Obama domestically and internationally, the equity markets tends [...]

Posted in election dollar, forex blog, obama dollar 3 Comments »