The US dollar is tanking as jobless claims rise by the largest amount since November 1982, 26 years ago. As I have suspected, it is the 1980s all over again.
This confirms that the 533k drop in non-farm payrolls last month will not be the bottom in the labor market. When claims first [...]

Posted in EURJPY, Fed Rate Cut, Fed Rate Cut Expectations, Federal Reserve, Forex News, Japanese Yen, US Dollar, US Economy, US Treasuries, beige book dollar, dollar recession, eur/usd, euro, forex blog, jobs, non-farm payrolls, oil dollar, recession, usd/jpy, zero interest rates 1 Comment »

On Friday, the Dow hitting 10,000 still seemed to be a remote possibility, but today, that is starting to become a reality. We have warned on near daily basis about the danger of carry trades. Although the EUR/USD’s reaction to the systemic risk in the financial markets was not as clear, there was a clearly [...]

Posted in Bloomberg, Dow, FOMC, Fed Rate Cut, Fed Rate Cut Expectations, Fed fund futures usdjpy, Federal Reserve, Forex News, Lehman Brothers, Lehman Layoffs, US Dollar, US Economy, US Treasuries, bank safe, forex blog 2 Comments »

Here is the “In the Financial Papers Radio Broadcast” (Length: 6:22 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:
Paulson and Plosser Comments
Fed Appears to Focus on Inflaiton Ahead of Growth
Measures to Avoid the Worst Recession in 30 [...]

Posted in FX Radio, Federal Reserve, Forex Podcast, Forex TV, Oil, US Economy, US Treasuries, Wall Street Journal, forex blog No Comments »

Pandemonium has hit the financial markets. The dollar is trading below parity against the Swiss Franc, it has fallen to a new record low against the Euro and to a new 1995 low against the Japanese Yen.
Will the Dollar Continue to Fall?
Yes. The futures curve is currently pricing in a 90 percent chance [...]

Posted in Bank of Japan, ECB, Euro Intervention, Fed Rate Cut, Fed Rate Cut Expectations, Federal Reserve, Forex News, Interest rates, Intervention, US Dollar, US Economy, US Treasuries, Yen Intervention, euro, euro record high 3 Comments »

Here is the “In the Financial Papers Radio Broadcast” (Length: 09:14 minutes). The player should load automatically. Please let me know if you like it. Contact Kathy
In the Financial Papers:

 
Podcast Covers:
Dollar Falls on News that Lenders will Seize Carlyle Capital Assets
US Retail Sales Decline in Feb
Australian Employment - HOT
Fed believes US will Avoid a Deep [...]

Posted in Australian Dollar, Canadian Dollar, FX Radio, Fed Rate Cut, Fed Rate Cut Expectations, Federal Reserve, Forex Podcast, Gold, Japanese Yen, New Zealand dollar, Oil, Trichet, US Dollar, US Economy, US Treasuries, USD/CAD, Yen Intervention, consumer spending, gas prices, payrolls, retail sales 1 Comment »