The US dollar appears to be unfazed by this morning’s mixed economic data. An improvement in consumer confidence has failed to help the dollar while the weaker news has pretty much been baked into the markets.
Christmas and New Years week is a time when traders are more focused on seeing family than making [...]

Posted in Crude Oil Prices, Forex News, Oil, US Dollar, US Economy, consumer confidence, consumer spending, dollar earnings, dollar recession, forex blog, gas prices, oil dollar, weak dollar earnings 5 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 1 Comment »

The type of moves that we have seen in the currency market during the Asian and European trading sessions are typically what we see in a quarter or a half year. USD/JPY has fallen 5 percent, AUD/USD is down more than 8.5 percent while the NZD/USD is down 7 percent. The sell-off in [...]

Posted in Bank of Japan, British Pound, Canadian Dollar, Carry Trades, Dow Futures Carry Trades, ECB, FX Radio, Fed Rate Cut, Federal Reserve, Forex News, Forex Podcast, Japanese Yen, Oil, US Dollar, US Economy, dollar intervention, dow 1907, eur/usd, euro, forex blog, oil dollar 2 Comments »

Since July, oil prices haven fallen approximately 50 percent. For many people, the drop in oil is a welcome relief but for oil producers, the price of crude has reached levels that could turn budget surpluses into deficits.
According to a report released by the IMF yesterday on the Economic Outlook for the Middle [...]

Posted in ECB, Forex News, Japanese Yen, Oil, US Dollar, US Economy, oil dollar No Comments »

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 »