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- Tiger21 replied Nov 15, 2009
The euro appreciated on Friday getting support at $1.4825. Some are expecting that Bernanke's speech on Monday will be dovish and the dollar will continue to weaken on Monday. PIMCO now says that the Fed won't raise rates until the end of 2010.
- Tiger21 replied Nov 11, 2009
Geithner said that a strong dollar is in the nation's best interest and that the government understands the importance it plays in the global economy. Regardless the dollar fell to a 15-month low vs many of its major pairs on dovish comments by Fed ...
- Tiger21 replied Nov 10, 2009
I came across a good thread in regards to this. I also would say don't waste your time with them. url
- Tiger21 replied Nov 10, 2009
Going through economic data points, the calendar for Tuesday and Wednesday data coming out of the US is light, but Thursday should be a busy day after New Zealand and Australia report retail sales and unemployment numbers late Wednesday.
- Tiger21 replied Nov 10, 2009
Morgan Stanley is recommending that investors buy a 3-month at the money call option at a strike of $1.4946 and simultaneously sell a call with a strike at $1.55. Clear evidence that MS expects continued weakness of the dollar.
- Tiger21 replied Nov 8, 2009
Cit is saying that the euro will climb relative to the dollar as it is finding support at its 55-day moving average. Recent declines in the euro stalled Nov. 3 at the 76.4% Fibonacci retracement of the rally from its Oct. 2 low of $1.4481 to its Oct ...
- Tiger21 replied Oct 30, 2009
With interest rates so low investors have been using the dollar as a funding currency for riskier investments. The bearish case against the dollar is that interest rates are so low and that the US will increase interest rates far after other major ...
- Tiger21 replied Oct 29, 2009
Interesting facts from today’s GDP report: Fully 2.2 percentage points of the third quarter's 3.5% growth figure related to vehicle purchases and residential construction, both juiced by government support. Federal spending added 0.6%. What’s going ...
- Tiger21 replied Oct 29, 2009
Goldman Sachs came out today with a report stating that investors should buy the Aussie dollar against the US dollar up to 95 US cents. They say to cover at 87.50 US cents. “With the robust GDP numbers out of the US, we think the backdrop could be ...
- Tiger21 replied Oct 28, 2009
Some interesting comparison points, the Australian dollar: · is up 45% against the USD since March 2 · is the best-performing currency among the 16 most traded over the past 12 months · reached a 14-month high against the USD on Oct 21 of 93.29 US ...
- Tiger21 replied Oct 28, 2009
Inflation in Germany could be back as it reports its estimate for CPI. Although throughout much of the euro zone retail sales are low, unemployment is high, home sales are weak and banks are reluctant to lend, Germany is experiencing better times. ...
- Tiger21 replied Oct 27, 2009
The yen went down a little on news that Japan retail sales slid for the 13th month in September. Sales were down 1.4% from a year earlier although analysts estimated that it would be down 1.6%. Last week’s five-day Silver Week holiday was expected ...
- Tiger21 replied Oct 27, 2009
The yen went down a little on news that Japan retail sales slid for the 13th month in September. Sales were down 1.4% from a year earlier although analysts estimated that it would be down 1.6%. Last week’s five-day Silver Week holiday was expected ...
- Tiger21 replied Oct 27, 2009
Consumer prices were up more in Q3 than they were in Q2 and beat analyst estimates with a 1% advance since the last quarter vs. expectations of 0.9%. This will most likely increase pressure on central bank Governor Glenn Stevens to continue to ...
- Tiger21 replied Oct 27, 2009
Citigroup issued a report saying that the euro will depreciate against the dollar after breaking through the key support level at $1.4845. It expects a move down to the 55 day moving average at $1.4578. Citi is advising clients to sell euro at ...
- Tiger21 replied Oct 14, 2009
Interesting article in the FT: A strong US needs a weakened dollar Published: October 9 2009 22:23 | Last updated: October 9 2009 22:23 Lawrence Summers, the director of President Barack Obama’s National Economic Council, has voiced his support this ...
- Tiger21 replied Oct 14, 2009
The yen rose against all 16 major currencies after data from Japan’s central bank, which kept its benchmark interest rate unchanged, worried investors that deflation will deepen as the Bank of Japan report showed producer prices fell for a ninth ...
- Tiger21 replied Oct 14, 2009
The yen rose against all 16 major currencies after data from Japan’s central bank, which kept its benchmark interest rate unchanged, worried investors that deflation will deepen as the Bank of Japan report showed producer prices fell for a ninth ...
- Tiger21 replied Oct 14, 2009
Federal Reserve Vice Chairman Donald Kohn said, “I don’t think a V-shaped recovery is the most likely outcome this time around. All told, I expect that the recovery in US economic activity will proceed at a moderate pace in the second half of the ...
- Tiger21 replied Oct 13, 2009
The natural direction, notwithstanding the recent jump off of 88, is for the yen to continue to appreciate relative to the dollar. If the BoJ starts buying dollars then it is fighting the market in order to try and support a weaker yen - sustainable ...