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...
But for the moment, a new optimism about the eurozone is in the air
Foreign Exchange - Pounds Sterling and Euro Exchange Rate OutlookThe US dollar exchange rate is correcting downward after a big move up...
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...
Consider US investors with positions in European stocks or funds that hold banks.
Foreign Exchange - Currency OutlookThe US Dollar has plenty of its own bad news - Detroit, the insufficiency of the...
exposure to Eastern Europe caused the euro exchange rate to fall Foreign Exchange - Pounds Sterling and Euro Exchange Rate Outlook
The US dollar exchange rate held flat against the euro exchange rate...
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...
Trichet and his cohorts on the ECB policy board are smart guys
Foreign Exchange - Currency OutlookThe big release today is retail sales, probably a drop of 0.8%, according to the Bloomberg survey. We also get the usual weekly applications for unemployment beenfits,...
Yesterday night, Venezuelan President Hugo Chavez addressed the nation for the 2008 final speech. During his tv message, Chavez promised to invest in the country for its growth and the continuation of the...
Foreign Exchange Outlook Foreign Exchange Outlook : The US dollar has two big black clouds hanging over it. First is the election and then there is payrolls.Today the US election is everything. If it’s an Obama landslide and/or if there is no dispute over the fairness of...
Bid-offer spreads have widened dramatically and the amounts that can be done at even widened spreads have shrunk Hi All,We asked the meaning of the phrase “dire liquidity” in a Market News report yesterday, and Market News obliged with a full report on worsening...
This is probably going to go down in Foreign Exchange history as one of the dumbest trades ever Australian Dollar OutlookWe were wondering about the bizarre behavior of the Australian Dollar exchange rate on some...
created by Damian George | 1 year ago | updated 1 year ago 70 views | 0 recommendations | 0 comments