Central Bankers Seek a Dollar Bottom; Bonds Favored Over Stocks?

The Bank of England last week made comments regarding some recent weakness in the British pound. It was seen as a potential boost to the UK economy as they’d love to resuscitate what external demand for their exports, albeit a relatively small portion of their economy.

There seems to be ongoing concern from the Swiss National Bank that the value of the franc is becoming too high, versus the buck and the euro. It has been stated that they will use the franc to help guide monetary policy.

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Published: 01 October 2009
Written by Editor
Forex  

Strong dollar dream…..?

I’m so tired…I stayed up late reading last night….falling asleepppp at the keyboardddd….zzzzzzzzzzzzzzzzzzzzz!

"A strong dollar is very important to this country, I mean that, and it's very important that people recognize it," US Treasury secretary Timothy Geithner told a news forum at the Newseum in downtown Washington, Reuters reported Thursday night.

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Published: 01 October 2009
Written by Editor
Forex  

Warm up for Friday…

There have been much cryptic and not so cryptic comments of late from Federal Reserve Bank speakers. Some are implicitly calling for rate hikes sooner rather than later to mop up all the mess of money excess, others explicitly saying the Fed will likely surprise on the aggressiveness of future hikes…but the market doesn’t seem too concerned about that today, as the dollar is back under pressure this morning and trading lower against all the majors. I guess it was time for the dollar to take a breather, as it strung together a two-day rally. Two-day rallies are rare for Mr. Greenie these days.

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Published: 30 September 2009
Written by Editor
Forex  

A Crude Indicator for the Real Economy

Greater-than-expected confidence numbers again come out of Europe. The status relative to historical numbers can be seen below:

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Published: 29 September 2009
Written by Editor
Forex  

Yen-Yikes!

Talk about fundamental disconnect—yikes!

Traders are all over the Japanese yen—it is the soaring against all comers. Some traders are eyeing the 85 level, an area not seen since 1995.

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Published: 28 September 2009
Written by Editor
Forex  
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