Euro Headed for 1.35?
December 11, 2008
Hawkish comments from ECB member Weber is driving the EUR/USD through the roof. The currency pair is up close to 2.5 percent or more than 300 pips. After cutting interest rates by 75bp earlier this... Read More
from Wall Street Pit
Euro: Headed for 1.35?
December 11, 2008
Hawkish comments from ECB member Weber is driving the EUR/USD through the roof. The currency pair is up close to 2.5 percent or more than 300 pips. After cutting interest rates by 75bp earlier this... Read More
from Kathy Lien
Dollar Tanks as Jobless Claims Signal 75bp Rate Cut from Fed
December 11, 2008
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... Read More
from Kathy Lien
Explosion in Forex Trading Ranges
December 09, 2008
Forex trading ranges have exploded over the past few months. The daily average trading range has doubled for all of the actively traded currency pairs in 2008, with some currency pairs even seeing a... Read More
from Kathy Lien
EUR/GBP: Headed to 90 Cents?
December 08, 2008
EUR/GBP hit a record high of 0.8740 today. The currency pair has been on a tear, which is not much of a surprise given the Bank of England’s aggressive interest rate cuts. The European Central Bank has... Read More
from Kathy Lien
Will the US Dollar Become the Lowest Yielding Currency in the World?
December 05, 2008
Fed fund futures are already pricing in a greater chance that the central bank will cut rates by 75bp on December 16th than 50bp. That would bring US interests down to 0.25% and turn the US dollar into... Read More
from Kathy Lien
Big Moves in the Currency Market
December 04, 2008
Most currency traders only have their eyes on the “majors” such as EUR/USD, USD/JPY, and the GBP/USD. Admittedly, these are the most liquid currency pairs, but sometimes opportunities could be missed... Read More
from Kathy Lien
Will the BoE and ECB Under or Overdeliver?
December 03, 2008
In less than 24 hours, we have interest rate decisions from 3 countries: 1. New Zealand 2. United Kingdom 3. Eurozone With the global easing cycle in full swing, rate cuts are expected all around. New... Read More
from Kathy Lien
Currencies: Post Thanksgiving Breakout?
November 26, 2008
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... Read More
from Kathy Lien
Currencies Soar as Fed Announces More Stimulus, GDP Not as Bad as Feared
November 25, 2008
The US is now in a technical recession but that has not stopped the equity and currency market from rallying. The GDP number was not as bad as the market had feared but what really drove the markets... Read More
from Kathy Lien
Dollar Soars as FOMC Minutes Trigger Liquidation
November 19, 2008
Despite false rallies in the currency market, I have stressed that there is no reason for the liquidation to be over. I warned that the currency and stock market rallies were a mirage rather than a... Read More
from Kathy Lien
What are Paulson and Bernanke Saying?
November 18, 2008
Bernanke and Paulson are testifying before the House Financial Services Committee and these are their comments (this list will be growing as they speak, so check back often) Bernanke’s Comments - Some... Read More
from Kathy Lien
TIC Report Explains Dollar Rally - Top 5 Owners of US Treasuries
November 18, 2008
Despite the turmoil in the US financial markets, foreign demand for US securities remain robust, particularly since the Treasury’s International Capital flow report was for September, the month that... Read More
from Kathy Lien
Dollar Hangs Tight on GM Risk, Recession Trades Still On
November 17, 2008
Signs of stability in the US manufacturing sector has failed to turn around the market’s risk appetite. Although the US dollar has weakened marginally against all of the major currencies, if US stocks... Read More
from Kathy Lien
Is the Currency and Equity Rally a Mirage?
November 13, 2008
In every major bear market, there are relief rallies and that is what we have seen today. The Dow Jones Industrial Average dropped more than 300 points during the US trading session before reversing... Read More
from Kathy Lien
Global Unwind Continues, Paulson Doesn’t Help
November 12, 2008
The global unwind continues this morning with US equities, commodities and currencies taking another beating. The US dollar and Japanese Yen continue to outperform with the British pound hitting a... Read More
from Kathy Lien
EUR/USD Slips as Oil and Stocks Head Lower
November 11, 2008
Even though the lack of meaningful US economic data has kept the US dollar in flux, there is one commodity that is continuing to grind lower. Oil prices fell to the lowest level in 20 months as... Read More
from Kathy Lien
Don’t Pin Hopes on China, Recession Trades Still On
November 10, 2008
US equities turned as traders realize that everyone is pinning too much hope on China. The reality is that China’s stimulus plan will not save the global financial and economic crisis. Instead, the... Read More
from Kathy Lien
What to Expect for the ECB and BoE Rate Decisions
November 05, 2008
European Central Bank: Another 50bp Rate Cut Expected The biggest event risk this week for the Euro is the European Central Bank interest rate decision. Weak economic data and softer inflationary... Read More
from Kathy Lien
Dollar Closing In on 5% Targets, Where are the Value Points?
October 24, 2008
The type of moves that we have seen in the currency market during the Asian and European trading sessions are typically what we see in a quarter or a half year. USD/JPY has fallen 5 percent, AUD/USD is... Read More
from Kathy Lien
Take 2 of Bailout Drama Drives Euro Below 1.40
October 01, 2008
It is the beginning of the fourth quarter and demand for US Dollars continues to be voracious, driving the EUR/USD below 1.40. In less than 2 weeks, the most liquid currency pair in the world has... Read More
from Kathy Lien
European Bank Bailouts Sends the Euro and Pound Plunging
September 29, 2008
As of 8:30am ET, the Euro has dropped as much as 300 pips against the US dollar while the British pound has dropped more than 400 pips intraday. A bunch of European banks have gone belly up, proving... Read More
from Kathy Lien
Does Paulson’s TARP = TRAP?
September 24, 2008
For the second day in a row, Federal Reserve Chairman Ben Bernanke and US Treasury Secretary Paulson pleaded to the power players of Washington to pass their request for $700 Billion to implement their... Read More
from Kathy Lien
How Does the Euro’s Trading Range Stack Up Historically?
September 17, 2008
Since the beginning of the year, the EUR/USD has had a trading range of 21 big figures or 2100 pips. The high of 1.6038 was set back in July and while the low (so far) of 1.3882 was hit last Friday.... Read More
from Kathy Lien
Euro Breaks 1.40 After New Zealand Rate Cut
September 10, 2008
EURO BREAKS 1.40 HOW MUCH FURTHER CAN IT FALL? The Euro broke 1.40 following the Reserve Bank of New Zealand interest rate decision as traders realized that the European Central Bank could cut interest... Read More
from Kathy Lien
Why the ECB is Still Hawkish
September 04, 2008
ECB President Trichet’s lack of commitment towards future monetary policy has led to little volatility in the Euro. After leaving interest rates unchanged at 4.25 percent, Trichet explicitly said that... Read More
from Kathy Lien
Hurricane Premium Off the Table, What is the Impact on Growth
September 02, 2008
With Hurricane Gustav being downgraded to a tropical depression, the Hurricane Premium is off the table. Oil prices have plunged more than $10 a barrel since Friday with $100 a barrel now within... Read More
from Kathy Lien
Euro Plunges 1000 Pips, Headed for 1.45
August 14, 2008
By Kathy Lien, Director of Currency Research for GFT In the 2 weeks that I have been away, there have been dramatic moves in the currency market. Not only did the US dollar carve out a bottom, but the... Read More
from Kathy Lien
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