The focus in the financial markets this morning is on US Treasury Secretary Timothy Geithner. He is set to unveil the Obama Administration’s Financial Rescue Plan and the TARP portion of the plan is being rebranded as the Financial Stability Plan and the big question is “Will the rescue plan be enough to turn [...]

Posted in TARP plan dollar, financial stability plan, forex blog, obama stimulus plan, timothy geithner treasury secretary No Comments »

US GDP growth has contracted but that has not stopped the equity and currency market from rallying. The GDP number was not as bad as the market had feared but what really drove the markets higher was the Federal Reserve’s new Term Asset-Backed Securities Loan Facility (TALF).
Both the outgoing and incoming Presidents are [...]

Posted in Bernanke, FOMC, Forex, Forex News, Forex Podcast, TARP plan dollar, US Dollar, US Economy, consumer spending, coordinated rate cuts, dollar earnings, eur/usd, euro, forex blog 1 Comment »

Bernanke and Paulson are testifying before the House Financial Services Committee and these are their comments (this list will be growing as they speak, so check back often)
Bernanke’s Comments
- Some Signs Credit Market Are Improving
- Credit Conditions Still Far From Normal
- Injection of TARP Capital Critical to Confidence
- Banks Should Review Compensation to [...]

Posted in Bernanke, Federal Reserve, Forex News, TARP plan dollar, Uncategorized, eur/usd, forex blog, paulson dollar 1 Comment »

The case for a bounce in equities this week was strong following the Lehman CDS Auction and the possibility of new measures from the G7 and G20 nations in Washington this weekend. New guarantees and a host of other announcements have helped to stabilize the financial markets and ease the credit crisis, but is this [...]

Posted in ECB, Fed Rate Cut, Federal Reserve, Forex News, Forex Podcast, GDP, Japanese Yen, TARP plan dollar, US Dollar, US Economy, euro, forex blog, paulson, paulson dollar No Comments »