The jobs number for the month of June was bad but not bad enough to stifle the gains in the US dollar. Non-farm payrolls fell by 62k, the sixth consecutive decline in a row. The April number also was revised down from -49k to -62k while the unemployment rate remained at 5.5%, matching the […]

Posted in ecb rate hike, non-farm payrolls, ECB, US Dollar 2 Comments »

We are back to the drawing board with the US dollar. Strong consumer spending and the lowest unemployment rate in 14 years could force the ECB to backtrack on their words and actually prepare the market up for more than one rate hike in the third quarter. The June consumer price index is expected […]

Posted in ecb rate hike, euro rate hike, euro, ECB, US Dollar No 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
In the Financial Papers:

 
Podcast Covers:
RBA Statement a Tad Dovish as Bank Focuses on Growth Risks
Tankan confidence falls less than expected
German June Unemployment Falls to Lowest in 16 Years
Crude Oil […]

Posted in Trichet, consumer spending, Wall Street Journal, Forex Podcast, Reserve Bank of Australia, ecb rate hike, Fed rate hike, chinese yuan, Interest rates, Bank of England, Australian Dollar, British Pound, US Dollar, Bloomberg, FX Radio, Bank of Japan, Bernanke, Forex No Comments »

It is the end of the quarter and the end to the first half of the year which has been a brutal one for many fund managers. The Dow Jones Industrial Average is down 14% since the beginning of the year and 7% since the beginning of the quarter.
As for the US dollar, since January […]

Posted in dollar record low, euro, US Dollar No Comments »

Two significant milestones have been reached in the financial markets today, one in stocks and one in currencies.
On an intraday and possibly even on a closing basis, the Dow Jones Industrial Average has broken the Bear Stearns low. It was in the middle of March that the Bear Stearns debacle became public, […]

Posted in EURJPY Record High, forex blog, Kathy Lien, Bear Stearns, Dow, US Dollar 2 Comments »

The summer doldrums may not last for long with the Federal Reserve interest rate decision right around the corner. Over the past few weeks, many currency pairs including the EUR/USD and GBP/USD have been trading in a range as the market tries to figure out how central banks will respond to the continual rise […]

Posted in September rate hike, Fed rate hike, FOMC, Forex News, ECB, Federal Reserve, US Dollar No Comments »