This weekend, Saudi Arabia will be hosting an Oil Summit in the city of Jeddah, located on the coast of the Red Sea. They have invited executives from oil companies, leaders of nations and the world’s largest oil producers.

The big question for markets is whether or not Saudi Arabia can drive down the price [...]

Posted in Crude Oil Prices, Saudia Arabia dollar peg No Comments »

Here is the “In the Financial Papers Radio Broadcast” (Length: 6:00 minutes). The player should load automatically. Please let me know if you like it. Contact Kathy
In the Financial Papers:

 
Podcast Covers:
Countrywide plunges to $893m loss
Deutsche falls to first loss in five years - Job Cuts?
Fed set for further cut in rates
Saudis to launch $5.3bn sovereign [...]

Posted in Bernanke, Bloomberg, British Pound, Crude Oil Prices, ECB, FX Radio, Fed Rate Cut, Fed Rate Cut Expectations, Forex Podcast, Housing Market, Inflation, Saudia Arabia dollar peg, Sovereign Wealth Funds, Trichet, US Dollar, US Economy, Wall Street Journal, consumer spending, non-farm payrolls, retail sales, weak dollar earnings No Comments »

Here is the “In the Financial Papers Radio Broadcast” (Length: 06:04 minutes). The player should load automatically. Please let me know if you like it. Contact Kathy
In the Financial Papers:

 
Podcast Covers:
Dollar Fluctuations Make Traders Whisper `I’ Word as Group of Seven Frets
Federal Home Loan Banks May Buy $100 Billion of Mortgage-Backed Securities
Wall Street Firms Eliminate [...]

Posted in Bloomberg, ECB, Euro Intervention, FX Radio, Fed Rate Cut, Federal Reserve, Forex Podcast, Goldman Sachs, Intervention, Lehman Layoffs, Saudia Arabia dollar peg, Stock Market, Trichet, US Dollar, US Economy, Wall Street Journal, euro, us earnings No Comments »

It was a busy night in the currency market! The levels that we have been watching for weeks were tested and in some cases broken. The US dollar fell to record lows against the Euro and came within FOUR pips of parity against the US dollar. The dollar is weaker across the board [...]

Posted in Bank of England, British Pound, Canadian Dollar, Forex, Forex News, Northern Rock, Saudia Arabia dollar peg, UK, US Dollar, euro, parity No Comments »