What is Unique in Forex about February?
February 02, 2009
In the beginning of January, I highlighted the effect of seasonality on the EUR/USD. At that time, I talked about how the EUR/USD has a natural bias to sell-off in the first month of the year as... Read More
from Kathy Lien
Why are Euro and British Pound Tanking?
January 29, 2009
The Euro and British pound are selling off aggressively today on the heels of comments from government officials and market players. The EUR/USD broke the 1.30 level after legendary investor George... Read More
from Wall Street Pit
Why are Euro and British Pound Tanking?
January 29, 2009
The Euro and British pound are selling off aggressively today on the heels of comments from government officials and market players. Risk aversion has been a theme in the markets following the weaker... Read More
from Kathy Lien
Dollar Rallies as Consumer Confidence Hits Record Lows
January 27, 2009
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... Read More
from Wall Street Pit
Dollar Rallies as Consumer Confidence Hits Record Lows
January 27, 2009
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... Read More
from Kathy Lien
What’s Worth Buying?
January 26, 2009
Another weekend, another attention-grabbing headline in the UK Sunday press. Outgoing BOE Cassandra David Blanchflower observed that unemployment in Britain is likely to reach 3 million (from the... Read More
from Wall Street Pit
What’s Behind the Big Moves in Currencies?
January 21, 2009
There has been a lot of volatility in the foreign exchange market this morning, driving currencies to historic levels: GBP/USD - 26 Year Low USD/JPY - 13 Year Low NZD/USD - 6 Year Low EUR/JPY - 6 Year... Read More
from Wall Street Pit
What’s Behind the Big Moves in Currencies?
January 21, 2009
There has been a lot of volatility in the foreign exchange market this morning, driving currencies to historic levels: GBP/USD - 26 Year Low USD/JPY - 13 Year Low NZD/USD - 6 Year Low EUR/JPY - 6 Year... Read More
from Kathy Lien
Credit Rating Downgrade: The Economic Red Flag
January 19, 2009
This morning, Standard and Poors downgraded the sovereign debt rating of Spain from AAA to AA+. With Greece’s rating downgraded last week and Ireland and Portugal on credit watch negative, this could... Read More
from Wall Street Pit
Forex: Euro Hit by Spain’s Downgrade
January 19, 2009
With the US markets closed for Martin Luther King’s Day, the odds were skewed towards a quiet trading. However, big news in Europe has made it anything BUT quiet. After hitting an intraday high above... Read More
from Wall Street Pit
What Does It Mean to Have Your Credit Rating Downgraded?
January 19, 2009
This morning, Standard and Poors downgraded the sovereign debt rating of Spain from AAA to AA+. With Greece’s rating downgraded last week and Ireland and Portugal on credit watch negative, this could... Read More
from Kathy Lien
Euro and British Pound Tanks: Big News from Europe
January 19, 2009
With the US markets closed for Martin Luther King’s Day, the odds were skewed towards a quiet trading. However, big news in Europe has made it anything BUT quiet. After hitting an intraday high above... Read More
from Kathy Lien
Risk On: Bank of America News Helps Currencies
January 16, 2009
The theme in the markets this morning is a return of risk appetite. The US government has bailed out Bank of America for the second time, reminding investors that they are still here and ready to help... Read More
from Wall Street Pit
Risk on: BoA News Helps Currencies
January 16, 2009
The theme in the markets this morning is a return of risk appetite. The US government has bailed out Bank of America for the second time, reminding investors that they are still here and ready to help... Read More
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from Kathy Lien
Euro Rallies After ECB Rate Decision as Trichet Signals Pause
January 15, 2009
After having cut interest rates by 50bp this morning to 2 percent, ECB President Trichet is finally buckling down and signaling that he is ready to cut interest rates again BUT NOT UNTIL March. Despite... Read More
from Wall Street Pit
Euro Rallies After ECB Rate Decision as Trichet Signals Pause
January 15, 2009
After having cut interest rates by 50bp this morning to 2 percent, ECB President Trichet is finally buckling down and signaling that he is ready to cut interest rates again BUT NOT UNTIL March. Despite... Read More
from Kathy Lien
ECB Preview: The Debate Over the Rate Cut
January 15, 2009
Of all the major central banks in the world, the ECB has been one of the least aggressive. Since the beginning of 2008, they have cut interest rates by only 150bp, an insignificant amount when compared... Read More
from Wall Street Pit
ECB Preview: What to Expect
January 14, 2009
Of all the major central banks in the world, the ECB has been one of the least aggressive. Since the beginning of 2008, they have cut interest rates by only 150bp, an insignificant amount when compared... Read More
from Kathy Lien
Euro Forecast: What’s In Store for 2009?
January 01, 2009
How Did the Euro Trade in 2008? Exactly one year ago, the Euro was trading at approximately 1.47 against the US dollar, 5 percent higher than current levels. In 2008, this type of move is considered... Read More
from Wall Street Pit
2009 Euro Forecast - EUR/USD
January 01, 2009
How Did the Euro Trade in 2008? Exactly one year ago, the Euro was trading at approximately 1.47 against the US dollar, 5 percent higher than current levels. In 2008, this type of move is considered... Read More
from Kathy Lien
Run on the Dollar?
December 29, 2008
With no US economic data on the calendar today, the dollar weakened against every major currency except for the British pound. Trading continues to be very thin with commodities being the only products... Read More
from Kathy Lien
EUR-USD: What to Expect Before New Years
December 22, 2008
It is the first trading day of what is typically the least liquid period in the financial markets. As a result, there was no consistent trading pattern in the US dollar today. The greenback weakened... Read More
from Wall Street Pit
EUR/USD: What to Expect Before New Years
December 22, 2008
It is the first trading day of what is typically the least liquid period in the financial markets. As a result, there was no consistent trading pattern in the US dollar today. The greenback weakened... Read More
from Kathy Lien
What is Behind Today’s Dollar Recovery?
December 19, 2008
Here’s a snippet from my Daily Currency Focus on GFTforex.com After seeing the US dollar sell off for 5 straight days against the Euro and Japanese Yen, we were not entirely surprised to see today’s... Read More
from Wall Street Pit
What is Behind Today’s Dollar Recovery?
December 18, 2008
Here’s a snippet from my Daily Currency Focus on GFTforex.com After seeing the US dollar sell off for 5 straight days against the Euro and Japanese Yen, we were not entirely surprised to see today’s... Read More
from Kathy Lien
How the Strong Euro Changes Things
December 18, 2008
The EUR/USD has reversed violently after hitting a high of 1.4719 today. I don’t think that it is a coincidence the currency’s rally stopped right at the 200-day SMA. If you caught my Daily Currency... Read More
from Wall Street Pit
How the Strong Euro Changes Things
December 18, 2008
The EUR/USD has reversed violently after hitting a high of 1.4719 today. I don’t think that it is a coincidence the currency’s rally stopped right at the 200-day SMA. If you caught my Daily Currency... Read More
from Kathy Lien
Lost For Words
December 18, 2008
People who are acquainted with Macro Man, either personally or virtually, will know that he is very rarely lost for words. This morning, however, he has reached that milestone, as he’s watched prices... Read More
from Wall Street Pit
FOMC Slashed Interest Rates to 0.25% and Formally Enters QE
December 16, 2008
The Federal Reserve cut interest rates by 75bp to a range of 0 to 0.25 percent, the lowest level that this generation has ever seen. In our FOMC preview, we talked about how the Fed may consider... Read More
from Wall Street Pit
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