Australia and New Zealand Dollar, the prospect of rate cuts is currency-negat...

Australia and New Zealand Dollar, the prospect of rate cuts is currency-negative this time. Foreign Exchange Outlook : As we have been emphasizing, one major reason for the US dollars firmness during this crisis is "it's worse elsewhere," making the dollar a safe haven. The...

Bank of England will cut interest rates to 2.5% at the Dec 4 policy meeting

Bank of England will cut interest rates to 2.5% at the Dec 4 policy meeting Pound Sterling Exchange Rate Outlook : GDP fell 0.5% in Q3 from Q2, the fist drop in 16 years, although as expected. Consumer spending led the way, down 0.2% (the most since 1995) and fixed...

Foreign Exchange Outlook for the Pound Sterling

Foreign Exchange Outlook for the Pound Sterling Foreign Exchange Outlook for the Pound Sterling : PM Brown has said monetary policy is not the only tool and it’s time to engage fiscal policy. The FT has a hysterical headline about Chancellor of the Exchequer Darling...

Australian Dollar Exchange Rate Falls

Australian Dollar Exchange Rate Falls Hi All,Today had to be one of the worst days yet for the Australian Dollar after crashing by more than 4% in little over 4 hours. The pounds to Australian dollar exchange rate was last at 2.4300 after opening at 2.3300 this morning. The...

ECB expected to cut interest rates tomorrow

ECB expected to cut interest rates tomorrow Foreign Exchange Technical Analyst Outlook : The move in the Canadian dollar is starting to look like a reversal move, even though we don’t have a moving average crossover (which lags). Momentum, breaking the old low and other...

Foreign Exchange Outlook

Foreign Exchange Outlook Foreign Exchange Outlook : The US dollar has two big black clouds hanging over it. First is the election and then there is payrolls.Today the US election is everything. If it’s an Obama landslide and/or if there is no dispute over the fairness of...

UK interest rates need to fall a lot and need to fall soon to avert a deep an...

UK interest rates need to fall a lot and need to fall soon to avert a deep and lasting recession Bank of England policy member Blanchflower said UK interest rates need to fall a lot and need to fall soon to avert a deep and lasting recession. Blanchflower has been the sole...