Weak Job Growth Does Not Always Equal Weak Retail Sales
The biggest event risk for the US dollar this week will be the April retail sales report. Since hitting a record low against the Euro the middle of last month, the greenback has strengthened...
View ArticleIn the Financial Papers: Today’s Top Forex News 06.13.08
Here is the “In the Financial Papers Radio Broadcast” (Length: 4:48minutes). The player should load automatically. Please let me know if you like it. Contact Kathy In the Financial Papers: Podcast...
View ArticleBailout Plan Fails to Impress, Traders Worried More About Dominoes Effect
The Congressional agreement of the $700 Billion bailout plan has proved to be anti-climatic for the stock and currency markets. There was a relief rally in the US dollar Sunday evening, but it lasted...
View ArticleHouse Kills the Bailout Plan and the US Dollar
The rejection of the $700B bailout plan by the House of Representatives came completely out of the left field, driving a knife through both US equities and the US dollar. For the Bush Administration,...
View ArticleCurrencies: Post Thanksgiving Breakout?
On the eve before Thanksgiving, the price action in the currency market has been very erratic. Equities rallied for the fourth straight trading session while the US dollar weakened against the...
View ArticleDollar Rally Should Continue
Fresh concerns about the global economy have triggered sharp gains in the US dollar and the Japanese yen. Risk aversion continues to seep through the markets as the National Bureau of Economic Research...
View ArticleDollar Unfazed By Mixed Economic Data
The US dollar appears to be unfazed by this morning’s mixed economic data. An improvement in consumer confidence has failed to help the dollar while the weaker news has pretty much been baked into the...
View ArticleUS Dollar Forecast: What’s In Store for 2009?
2008 Price Action: It has been an exceptionally active year in the foreign exchange market as currency volatilities hit record highs. In the first half of the year, everyone was worried about how much...
View ArticleDollar Rallies as Consumer Confidence Hits Record Lows
In more than 40 years, we have never seen US consumers this pessimistic. The Conference Board’s report on consumer confidence fell to 37.7, the lowest level on record. The disappointing consumer...
View ArticleUSD/JPY on a Tear, Key Level
USD/JPY is on a tear this morning. US equities is also trading higher which is completely mind boggling given the fact that US economic data was very weak and Fed Chairman Ben Bernanke warned that we...
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