In my Daily Currency focus for FX360, I talk about whether Switzerland’s actions could trigger a Global FX War. The ultimate winner of any FX war is gold because if other central banks weaken their currency, then the only asset that isn’t facing selling by central banks is gold. Also Quantitative Easing will [...]

Posted in Swiss Franc, forex blog, quantitative easing, swiss national bank 1 Comment »

The Euro and British pound have come under severe selling pressure after the ECB and BoE cut interest rates by 50bp. Interest rates are now at historic lows for both central banks and even though the rate announcements were negative for both currencies, the Euro has sold off more aggressively than the British pound [...]

Posted in 2009 british pound forecast, 2009 eurusd forecasts, Bank of England, BoE rate cut, British Pound, ECB, Trichet, credit easing, ecb rate cut, eur/usd, euro, forex blog, quantitative easing 4 Comments »

The European Central Bank and Bank of England rate decisions are tomorrow. Both central banks are expected to cut interest rates by 50bp. For the BoE, the question is will they officially unveil a Quantitative Easing program and for the ECB, will they hint of one? Since Quantitative Easing will be the [...]

Posted in Bank of England, ECB, Federal Reserve, Uncategorized, quantitative easing 1 Comment »

After the Bank of Canada cut interest rates by 50bp this morning, my target of 0.8350 in AUD/CAD has been reached. Yesterday, when the currency pair was trading at 0.8122, I argued that the possibility of the Reserve Bank of Australia leaving rates unchanged and the possibility of the Bank of Canada being more dovish [...]

Posted in 2009 canadian dollar, Australian Dollar, Bank of Canada, Canadian Dollar, Forex Technicals, Reserve Bank of Australia, USD/CAD, australian dollar forecast, forex blog, forex signals, quantitative easing, zero interest rates 2 Comments »

For the first time since cutting interest rates to 0.25 percent, Federal Reserve Chairman Ben Bernanke outlined his plan of action. In a speech at the London School of Economics, Bernanke talked about the additional tools available to the Fed, an orderly exit strategy, concerns about inflation and suggestions about how the Obama Administration [...]

Posted in Bernanke, Federal Reserve, credit easing, dollar rally, forex blog, quantitative easing 1 Comment »