The currency market is failing to react to Bernanke’s comments which suggest that if we have a stronger non-farm payrolls number on Friday, we could see a serious bottom in the US dollar.
The ADP employment report for the month of March was much stronger than expected. However I am skeptical of the accuracy [...]

Posted in ADP, Bernanke, Fed Rate Cut, Fed Rate Cut Expectations, Federal Reserve, Forex, Forex News, US Dollar, US Economy, Wall Street Journal, non-farm payrolls, recession No Comments »

Here is the “In the Financial Papers Radio Broadcast” (Length: 08:01 minutes). The player should load automatically. Please let me know if you like it. Contact Kathy
In the Financial Papers:

 
Podcast Covers:
Paulson Calls for Oversight by Fed
Fed Researches Nordic Style Nationalization of US Banks
Could the Bank of England and ECB President Trichet Come in to Help [...]

Posted in Bank of England, Bank of Japan, Bernanke, Bloomberg, British Pound, DailyFX, FX Radio, Fed Rate Cut, Fed Rate Cut Expectations, Federal Reserve, Forex News, Forex Podcast, Japanese Yen, Stock Market, Trichet, US Dollar, US Economy, Wall Street Journal, euro, non-farm payrolls, recession, retail sales No Comments »

The Euro has staged a dramatic recovery against the US dollar this past week and now it is trading approximately 100 pips away from its record highs. If economic data was the only thing that mattered, the EUR/USD stands a very good chance of breaking 1.60. German retail sales, unemployment and Eurozone PPI [...]

Posted in Bernanke, US Dollar, euro, euro record high, non-farm payrolls, recession 2 Comments »

Even though sales of existing homes rose for the first time in 6 months, today’s reports on house prices and consumer confidence tell us that the US economy is still in trouble. According to S&P CaseShiller, house prices dropped over 10 percent, the largest decline on record. With the values of homes quickly slipping, [...]

Posted in Existing Home Sales, Fed Rate Cut, Fed Rate Cut Expectations, Federal Reserve, GDP, US Dollar, consumer confidence, recession No Comments »

Here is the “In the Financial Papers Radio Broadcast” (Length: 09:01 minutes). The player should load automatically. Please let me know if you like it. Contact Kathy
In the Financial Papers:

 
Podcast Covers:
ECB or BoJ Intervention: Will It Happen?
TIPS’ Yields Show Fed Has Lost Control of Inflation
Are There Sectors That are Recession Proof?
Are Low P/E Ratios [...]

Posted in Bernanke, Canadian Dollar, Crude Oil Prices, ECB, Forex Podcast, Intervention, Japanese Yen, Trichet, US Dollar, US Economy, US Treasuries, Wall Street Journal, consumer spending, non-farm payrolls, recession, us earnings No Comments »