U.S. Treasury Secretary Timothy Geithner unveiled plans last week for a public-private partnership of investors buying out toxic banking and housing debt. Since that time, investors have been in a frenzy to sell off the USD and...
Overnight Asia/Europe • USD mixed in two-way trade• Traders note mostly technical action, some stops seen• Majors retain a bid tone into New York
Investors fled the USD en masse yesterday after the U.S. Federal Reserve stated that it would begin quantitative easing – basically printing money – in order to revive the U.S. economy hopefully by the beginning of next...
Today’s US Dollar Trading • FOMC announces QE, agrees to buy US Debt• Majors rally hard past most key resistance• Volumes likely higher
Today’s US Dollar Trading • USD remains two-way after early strength• Some pairs reverse to flirt with highs• Large stops still out of range
The European currency may gain further after Germany rebuffed a U.S. plan to increase fiscal stimulus to help pull the global economy out of recession. The fact the Euro-Zone nations avoided making any fresh commitments to extend...
Today’s US Dollar Trading • NY Fed index weaker, housing data flat• Stops in range driving some trade• Likely some profit taking seen by USD shorts
Overnight Asia/Europe • USD starts firm in Asia, weakens into Europe• G-20 seen as a disappointment• Volumes light and technical trade continues
After depreciating consistently over the past few weeks, the USD is now traded over 1.29 against the EUR, and over 1.40 against the GBP. This week on Wednesday, at 18:15 GMT, the Federal Reserve will deliver an...
The finance ministers and central bankers from the top 20 industrialized nations are set to begin another economic summit today in which a multitude of recent concerns about the economy will likely be addressed. These meetings, which...
