The Pound rallies again on bad news? Why?

The Pound rallies again on bad news? Why? Foreign Exchange - Pounds Sterling and Euro Exchange Rate OutlookIn the UK, the government statistics office reported that investment by manufacturing and...

The Geithner plan is actually a good one - it avoids creation of

The Geithner plan is actually a good one - it avoids creation of a government bad bank, it avoids nationalization Foreign Exchange - Currency OutlookThe big question on the table today is "Where is Tim?" Geithner is disappointing the market by not disclosing details of...

The US dollar exchange rate fell victim to a selling frenzy

The US dollar exchange rate fell victim to a selling frenzy Friday afternoon that no one can explain Foreign Exchange - Pounds Sterling and Euro Exchange Rate OutlookThe US dollar exchange rate fell victim to a...

Consider US investors with positions in European stocks or funds

Consider US investors with positions in European stocks or funds that hold banks.   Foreign Exchange - Currency OutlookThe US Dollar has plenty of its own bad news - Detroit, the insufficiency of the...

exposure to Eastern Europe caused the euro exchange rate to fall

exposure to Eastern Europe caused the euro exchange rate to fall Foreign Exchange - Pounds Sterling and Euro Exchange Rate Outlook  The US dollar exchange rate held flat against the euro exchange rate...

Pound and Euro Exchange rate fall again against the US Dollar

Pound and Euro Exchange rate fall again against the US Dollar Foreign Exchange - Pounds Sterling and Euro Exchange Rate OutlookYesterday a draft EC paper, drawn up together with the ECB, was released. It...

Trichet and his cohorts on the ECB policy board are smart guys

Trichet and his cohorts on the ECB policy board are smart guys Foreign Exchange - Currency OutlookThe big release today is retail sales, probably a drop of 0.8%, according to the Bloomberg survey. We also get the usual weekly applications for unemployment beenfits,...

Pounds to US Dollar rate rallies as things are worse elsewhere

Foreign Exchange - Global Currency Outlook Pounds to US Dollar rate rallies as things are worse elsewhere For stock markets to rally, even a little, on hope of an okay payrolls number and an acceptable Geithner plan is the triumph of hope over experience. The reduction in...

pounds to us dollar made a strong showing on the Barclay's news

pounds to us dollar made a strong showing on the Barclay's news Foreign Exchange : The US dollar Exchange Rate is losing ground this morning across the board on a reduction of risk aversion, which was occasioned (oddly enough) by Barclays' saying that it had such strong...

nobody ever went broke shorting the pound

nobody ever went broke shorting the pound Foreign ExchangeOutlook for Pounds SterlingThe pound to US dollars staged a correction yesterday on perception that it was oversold, rising from a low of 1.3616 around...

We look forward to seeing the euro exchange rate at 1.2000 before

We look forward to seeing the euro exchange rate at 1.2000 before the end of March. Foreign Exchange Outlook : Today is the inauguration of Obama and eyes will be glued to the TV most of the day, We didn't get a stock market rally on the Obama Effect and already...

The US Dollar Exchange Rate continues to post gains for the 7th d

The US Dollar Exchange Rate continues to post gains for the 7th day Foreign Exchange Outlook : The US Dollar Exchange Rate continues to post gains for the 7th day, with the euro exchange rate reaching a one-month low of 1.3220 overnight before Europe came in and engaged...

UBS, which repeated yesterday that the euro exchange rate will

UBS, which repeated yesterday that the euro exchange rate will fall to 1.2000 by year-end. Foreign Exchange Outlook : As we wrote yesterday, a decline was the euros manifest destiny even as it was rising last week because it was inevitable that the ECB would not stand...

The Big Event, however, is the ECB rate decision on Thursday.

The Big Event, however, is the ECB rate decision on Thursday. Foreign Exchange Outlook : We get a ton of data this week, as usual for the second week of the month. The Big Event, however, is the ECB rate decision on Thursday. So far the ECB has been reluctant to...

Europe just starting to feel the pain already much in evidence in

Europe just starting to feel the pain already much in evidence in the UK and US Foreign Exchange Outlook : The market is flirting with a return to risk appetite that is most visible in price rises in some commodities (copper, oil) as well as equities. At the same time,...

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