Currency Pairs
GBP/USD Classical 03.04 (Daily FX via Yahoo! Finance)GBP/USD: The most recent bout of bearish consolidation has been broken, with declines below critical psychological barriers by 1.5000...
AUD/USD Classical 03.04 (Daily FX via Yahoo! Finance)AUD/USD: The current rally out from 0.8580 is classed as corrective and we look for a lower top now ahead of 0.9200, which also loosely...
Forex: EUR/USD remains below 1.3700 ahead ECB rate decision (The Forex Market)FXstreet.com (Barcelona) – The Euro’s recovery against the Dollar from 1.3630 intraday low, reached in the early European...
Eur/Usd (Daily FX via Yahoo! Finance)After a strong move down, the EUR/USD seems to be taking a breather and trading within a range. The reason can be found here on an...
GBP/USD Classical 02.25 (Daily FX via Yahoo! Finance)GBP/USD: The most recent bout of bearish consolidation has been broken, with Thursday’s declines below 1.5350 opening a fresh downside...
Central Banks
Are Southeast Asia central banks ready to raise rates (MalaysiaNews.net)SINGAPORE: Asian central banks may be among the first in the world to raise interest rates as regional economic growth rapidly outpaces...
Are Southeast Asia central banks ready to raise rates? (The Edge)SINGAPORE: Asian central banks may be among the first in the world to raise interest rates as regional economic growth rapidly outpaces...
Central Bank expands as other banks struggle (Stillwater Gazette)Bad news for banking has good news for Central Bank of Stillwater. Read more…. Read More →
Bernanke Defends Fed’s Ability to Supervise Banks (New York Times)The Federal Reserve chairman, Ben S. Bernanke , urged senators on Thursday not to strip the central bank of its authority to supervise...
European Central Bank Keeps Interest Rate at 1 PercentThe European Central Bank left its benchmark interest rate unchanged at 1 percent as it waits to see whether a massive infusion of...
Forex Risk Management
Goodbye David Patterson? Governor’s Top Aide Holds Emergency Meeting With Entire Staff, Topic Unknown (But Likely Guessed)
Update: Nope. It’s not what everyone expected. MSNBC reports this is the resignation of the director of communications. It...
New Greek €5 Billion 10 Year Bond Prices At 300 Over Midswaps, 326 bps Over 2020 Bund, Comes With 6.25% Coupon
The Greek 10 year bond issue priced at a reoffer of 98.942; It came with a 6.25% coupon, and pricede at 300 over midswaps or 326...
Fannie Follow Up: Change In Lending Rules To Non-US Financials Leaves Ten Banks In The Cold
The latest on the Fannie situation, via Market News: Traders said that amidst all the rumors, market sources have cited a Fannie...
More Headaches For The Goldman PR Department: Here Comes The (Soon To Be) Viral Goldman Sucks Video
Yesterday we had the Cleveland Fed posting videos complete with the Ben Bernanke doodles of 3 year olds explaining how the Fed should...
Marc Faber: "I Would Recommend People Buy Every Month Some Gold For Ever"
Marc Faber’s latest thoughts on the euro (not good), on Greece (also not too good), and gold (good to quite good). “I...
Moody’s Downgrades Deutsche Bank From Aa1/B To Aa3/C+
Barely had we finished bashing Deutsche Bank in our prior post, that we noticed that Moody’s had just notched Deustche Banknot...
Forex Technical Analysis
AUD/USD Reward and Risk Assessment for Bullish Swing
The Daily time frame shows a confluence of 2 swing projections and the 78.6% retracement level near the 92.0 area, and this has been...
USD/JPY Surges After Days of Steady Decline
Technically speaking, today’s recovery is a welcome development considering the extent of the USD/JPY’s decline over the past week...
AUD/USD Stays Range-Bound Around 90
Technically speaking, the Aussie has multiple uptrend lines serving as technical cushions along with intraday, 3/2, and 3/1lows. As...
GBP/USD Continuation Eyes 1.45
The previous video post for the GBP/USD pointed out that the next target for the GBP/USD as it continues to decline aggressively is...
Forex Economic Calendar
U.S. Home Prices Drop 6.8 Percent in April as Foreclosures Rise
U.S. home prices fell 6.8 percent in April from a year earlier as rising unemployment and record foreclosures kept buyers out of the...
Canadian April Retail Sales Unexpectedly Decline 0.8% on Autos
Canadian retail sales unexpectedly fell in April, dropping for the first time in four months, on fewer purchases of automobiles. Sales...
Philadelphia Fed June Factory Index Climbs to -2.2
Manufacturing in the Philadelphia region contracted in June at the slowest pace in nine months as measures of orders and sales improved. The...
Switzerland Cuts 2009 Economic Forecast a Second Time
The Swiss government cut its 2009 economic forecast for a second time this year after the worst global recession in more than six decades...
