major hedge fund selling US dollars on the idea that the Fed will announce quantitative easing at the Wednesday FOMC
Foreign Exchange - Pounds Sterling and Euro Exchange Rate OutlookWhat’s Happening This Morning: Initially the lack of consensus at G20 was dollar...
Foreign exchange traders buying euros have created breakout to the upside is the real deal and it can extend to 1.3300
Foreign Exchange - Currency OutlookHope springs eternal in the human heart. Stocks are rising everywhere--maybe the crisis is over. Such a view accepts...
Australia seems to be the odd man out these days - the only major economy not in recession
Australian Dollar Rate OutlookAustralia Dollar seems to be the odd man out these days - the only major economy not in...
created by Damian George | 41 wks ago | updated 41 wks ago 186 views | 1 recommendation | 3 comments
Obama plans is what is driving the stock market downward
Foreign Exchange - Currency OutlookWe get the service sector PMI for the US today, presumably to show a similar contraction as the eurozone and at a fast...
we can't see a reason why foreign exchange traders would be buying euros before it goes lower.
Foreign Exchange - Pounds Sterling and Euro Exchange Rate OutlookThe US Dollar Exchange Rate had a good day yesterday despite equities stabilizing. The euro rate started the day...
Australian Dollar got a boost from the Reserve Bank decision not to cut rates Foreign Exchange - Pounds Sterling and Euro Exchange Rate OutlookThe US dollar exchange rate put in a big gain across the board...
Reserve Bank of Australia left rates unchanged at 3.25%
Australian Dollar Rate OutlookRBA: The Reserve Bank of Australia left rates unchanged at 3.25% Tuesday call.Comments from RBA Governor Stevens:"Demand has...
the US dollar is prettiest pig in the herd
Foreign Exchange - Currency OutlookThis week we get more data than we can possibly absorb or understand, let alone put into perspective. We get the ISM report for both manufacturing and services, personal income, NAR Home sales,...
we still have massive problems in the US that could derail the stock market and fuel greater fear - rational fear, not irrational
Foreign Exchange - Pounds Sterling and Euro Exchange Rate OutlookThe US budget deficit will be $1.75 trillion, and that the US dollar did not...
created by Damian George | 42 wks ago | updated 42 wks ago 46 views | 0 recommendations | 0 comments
We wonder if confidence in the UK government is coming back
Foreign Exchange - Currency OutlookThe US Dollar Exchange Rates made a solid gain yesterday against the euro and this spilled over to other currencies as well. The euro rate made an overnight high at 1.2900 but...
Australian Dollar - one Senator in Australia’s Parliament derailed the A$42 billion stimulus package
Foreign Exchange - Australian Dollar OutlookIn a shocking development - almost as shocking as the news that...
Australian Dollar falls than goes up and than goes down than it goes up Hi AllAustralian Dollar falls, than goes up and then goes down, then it goes up and i am now getting very confused!!!Today the pounds to...
created by Damian George | 1 year ago | updated 1 year ago 130 views | 1 recommendation | 0 comments
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...
US dollar exchange rate is a little stronger against the pound and euro Foreign Exchange Outlook : The US dollar exchange rate is a little stronger against the majors but continuing to slide against the japanese yen, albeit not yet to the crash-scenario level. The euro rose...
This is the sense in which the credit crisis will end when house prices stop falling. Foreign Exchange Outlook : Deleveraging is a word that has now reached the mainstream. Call it what you like - capitulation, liquidation, contraction - cash is now king again. Heaven only...