SubscribeAll Posts Tagged With: "currency markets"
US SESSION: PAULSON AND BERNANKE TESTIFY BEFORE THE HOUSE FINANCIAL SERVICES COMMITTEE REGARDING THE TARP
The dollar was mostly flat against the majors in intraday trading as Fed Chairman Bernanke and Treasury Secretary Paulson discuss the TARP before the House Financial Services Committee. The EurUsd slipped 10 pips to the low range of 1.26, while the UsdJpy rose 85 pips through the 97 level. The GbpUsd was mostly unchanged from the previous session, despite the economic data announced. Equity markets were higher in the US and Europe with the Dow higher by 150pts or a little less than2%, and the FTSE up 1.8% or 76pts. The bond markets were mixed with that short end of…
19Nov2008 | Advanced Currency Markets | Comments Off | ContinuedUS SESSION: EQUITY RALLY CONTINUES WHILE DOLLAR MIXED AGAINST THE MAJORS
The dollar mostly flat behind another surge in equities as the recent trend trading based on extreme risk aversion may be starting to diverge. The EurUsd fell 48 pips to the midâ€range of 1.28, while the UsdJpy rose over 100 pips to 98.60. The GbpUsd experienced losses putting the pair back below 1.64 at the mid 1.63 level. Equity markets soared nearly 200 pts on the Dow adding to an exceptionally strong week of trading. European stocks held ground with both the DAX and the FTSE higher by 1%. Bond yields increased 4bps on the 2yr and 11bps on the…
31Oct2008 | Advanced Currency Markets | Comments Off | ContinuedAmerican Banksters
Who said the following – “Some of our bankers have shown themselves either incompetent or dishonest in their handling of the people’s funds. They have used the money entrusted to them in speculation and unwise loans.” George W. Bush? Hank Paulson? Ben Bernacke? Nope – it was Franklin D. Roosevelt on March 12, 1933!
I guess human nature doesn’t really change much. I wonder if someone will write a book on our era similar to “The Great Gatsby” and its look at Gilded Age society. Maybe the book will be titled “The Fabulous Fuld”?
Hear the Money Talk
The ‘best’ of America was…
27Oct2008 | Oxbury Research | Comments Off | ContinuedGold, Bonds, and Euros
Oct. 13(Bloomberg) – France, Germany, Spain, the Netherlands and Austria committed 1.3 trillion euros ($1.8 trillion) to guarantee bank loans and take stakes in lenders, racing to prevent the collapse of the financial system
With this $1.8 trillion, and the most recent rumors of a $250 billion bank stake funded by the U.S. Treasury, G-7 economies will have flooded the global banking system with over $10 trillion worth of currency.
I’ve been a proclaimed dollar bear for some time, and this changes nothing except how we look at or define the title. Many consider a dollar bear market one where the…
14Oct2008 | Oxbury Research | Comments Off | Continued
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