Black Monday, all eyes on Western markets « Peter J. Cooper’s Weblog

"Some have interpreted remarks by the European Central Bank chief Jean Paul Trichet last week about raising interest rates as similar to comments from the Bundesbank which triggered the 1987 dollar and equity crash. Last Friday’s oil price surge has echoes of the 1970s and...

How Much Mileage Can Euro Gain From Trichet's Remarks?

No surprises from the European Central Bank which delivers a 25bp rate hike to 3.5%. The real currency action only occurred after the rate annoucement when ECB President Trichet spoke. He said interest rates are still at low levels, following the Bank's decision to increase...

Breakout mayhem in Currency Majors

The moment I heard the string of alarm rings last night, I knew something big was happening. Yes, instead of the expected boring price moves, majors actually staged breakout moves. USD/CHF headed downhill, and...

Can USD's lucky streak be maintained?

US bulls are happily and deliriously riding on NFP (non-farm payrolls)'s “once-in-a-lifetime” big fat upward revision of employment figures for the 12 months that ended in March 2006, which will translate to an average of 236,000 jobs a month, or a whopping...

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