US Fed to announce it is printing bundles of money

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 a breakout

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...

First bank bailout in Spain

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...

we can't see a reason why foreign exchange traders would be buyin

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...

the public is in no mood to bail out Citibank and its rich shareh

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 recessi

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...

ECB to cut rates - or Foreign Exchange Traders to sell Euros

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

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....