We are inching closer to a formal bailout plan for the Big 3 automakers and as previously suggested, regardless of the final outcome, the markets will cheer an end to the drawn out drama. The rally in equities this morning have driven major currencies higher against the US dollar and Japanese Yen, but it [...]

Posted in Carry Trades, Fed Rate Cut, Fed Rate Cut Expectations, Forex News, Forex Technicals, US Dollar, US Economy, forex blog, retail sales, usd/jpy, zero interest rates No Comments »

In every major bear market, there are relief rallies and that is what we have seen today. The Dow Jones Industrial Average dropped more than 300 points during the US trading session before reversing violently to end the day up more than 550 points. The major turnaround in equities has forced the US [...]

Posted in Australian Dollar, Bank of England, British Pound, Canadian Dollar, Forex News, Forex Technicals, US Dollar, US Economy, beige book dollar, eur/usd, euro, forex blog, forex trading calendar, retail sales No Comments »

The global unwind continues this morning with US equities, commodities and currencies taking another beating. The US dollar and Japanese Yen continue to outperform with the British pound hitting a fresh 5 year low.
The story is still the same, which is sell first and ask questions later. It is earnings season and [...]

Posted in Bank of Canada, Bank of England, Bank of Japan, BoE rate cut, British Pound, Canadian Dollar, Carry Trades, ECB, Fed Rate Cut, Federal Reserve, Forex News, Forex Podcast, ecb rate cut, eur/usd, forex blog, retail sales 3 Comments »

Retail sales dropped by the most since August 2005 as consumers cut spending on cars, furniture, electronics, clothing and sporting goods. Americans are even eating out less and only spending on the necessities - health care and gas.
With fears of a deep recession that may feel like the depression driving [...]

Posted in ECB, FX Radio, Fed Rate Cut, Federal Reserve, Forex News, Forex Podcast, Japanese Yen, US Dollar, US Economy, forex blog, retail sales 2 Comments »

Here is the “In the Financial Papers Radio Broadcast” (Length: 5:04 minutes). The player should load automatically. Please let me know if you like it. Contact Kathy
Read my Daily report on DailyFX.com
In the Financial Papers:

 
Podcast Covers:
Reserve Bank of New Zealand Cuts Interest Rates
German Business Confidence Hits 3 Year Low
UK Retail Sales Sees Biggest Drop in [...]

Posted in FX Radio, Forex Podcast, forex blog, reserve bank of new zealand, retail sales 1 Comment »