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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...
we have faith in the world’s ability to produce more bad news.
Foreign Exchange - Currency Outlook
The most important comment today is from IMF Director Strauss-Kahn, the former French finance minister. Going into G7 today, he said "The problem is that the effect on the real... 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... US Congress discussing and passing the Obama $800 billion stimulu
US Congress discussing and passing the Obama $800 billion stimulus plan Foreign Exchange Outlook : This is a week of an overwhelming amount of information. Nobody can absorb this much information, let alone...
created by Damian George | 46 wks ago | updated 46 wks ago
189 views | 0 recommendations | 2 comments
189 views | 0 recommendations | 2 comments
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... foreign exchange traders sold the euro to 1.3099
foreign exchange traders sold the euro to 1.3099 today on more bad news
Foreign Exchange Outlook : The US dollar exchange rate rose again yesterday from 1.3282 at 8 am in New York to 1.3138 by mid-afternoon, but was already giving some of it back into the close at 1.3180.... 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...We won’t get any more information about an ECB rate cut next week
We won’t get any more information about an ECB rate cut next week Foreign Exchange Outlook : The US dollar is gaining ground today despite yesterday’s horrible ADP Macro estimate of private sector job losses in Dec. From the US open at 8 am yesterday at 1.3595, the...We wouldnt touch a new Foreign Exchange position with a bargepole
We wouldn’t touch a new Foreign Exchange position with a bargepole Foreign Exchange Outlook : Politics is playing a big but unmeasurable part in the FIFO recovery scenario that underlies the US Dollar recovery story. The NKS writes today that "Expectations for the...risk aversion is rising and rising risk aversion is dollar exchange rate favo...
risk aversion is rising and rising risk aversion is dollar exchange rate favorable Foreign Exchange Outlook : The USM service sector report is due today, probably a drop to 42 or the lowest since the index was...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...The Paulson plan - violates the principles of American capitalism
The Paulson plan - violates the principles of American capitalism Foreign Exchange Currency Rates : It doesn’t matter whether we approve of the $700 billion plan—Congress is not consulting us—but it does matter whether the market likes it. We say Kentucky Senator...
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