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...
Spain's deposit insurance agency is likely to contribute between EUR500 million and EUR1 billion to the bailout of troubled savings bank Caja Castilla-La Mancha.CCM, as the unlisted savings bank is known, is in talks to be acquired by its larger peer, Unicaja. The funds...
opinion by Damian George | 37 wks ago | updated 37 wks ago 132 views | 27 recommendations | 0 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...
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 | 38 wks ago | updated 38 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...
the public is in no mood to bail out Citibank and its rich shareholders.
Foreign Exchange - Currency OutlookThe financial crisis is made worse - prolonged - by the talk of US bank nationalization if nationalization is not a real possibility today, and we say it's not....
OECD reports that all of its 30 members are officially in recession
Foreign Exchange - Currency OutlookContraction is the order of the day and it’s about time everyone acknowledges it instead of engaging in denial and wishful thinking. The OECD reports that all of its...
We are having a hard time understanding why sterling is holding up so well,
Foreign Exchange - Pounds Sterling and Euro Exchange Rate OutlookThe US Dollar exchange rate continued to gain against the euro rate to about mid-day yesterday in New York on the European bank...
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...
ECB to cut rates - or Foreign Exchange Traders to sell Euros
Foreign Exchange Outlook : We get retail sales and various other bits and pieces of data today. We say the institutional landscape holds more importance for foreign exchange traders today. Bernanke gave a sane...
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....