Posts Tagged ‘U.S. dollar’
Friday, April 29th, 2011
In pointing out the ongoing difficult with the economy, Federal Reserve Board Chairman Ben Bernanke stressed high unemployment and foreclosure rates. The foreclosure rate comment is particularly disturbing in that the Fed had made a point with its various emergency liquidity actions during the crisis that returning a flow of credit to American families and businesses was a priority.
While the Fed made sure the banks got theirs, there has been no sign of diligence from the Fed on the rest. Why didn’t someone ask Ben specifically what have you done to “restore the flow of credit to American families and businesses” or more specifically, why didn’t you make the largesse you offered the banking sector conditioned on restoring that flow of credit.
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Tags: bailout, Ben Bernanke, Congress, Treasury, U.S. dollar
Posted in Federal Reserve, Housing, economy | No Comments »
Wednesday, August 4th, 2010
With regulatory reform set to rock the trading universe, what’s happening in Washington is never far from the minds of investors. Political uncertainty can equal skittish markets these days. However, this phenomenon is nothing new. According to this MarketWatch story, the stock market historically has performed much better when Congress is out of session than when it’s in session (between 1897 and 2004, the Dow had annualized return of 5.3% when Congress was out of session vs. just 0.4% when it was in session). Congress is set to go on its summer recess at the end of this week, so, if history is any indication, the market could be in for a lift. (more…)
Tags: government regulation, politics, Stock market, U.S. dollar
Posted in Markets | No Comments »
Monday, August 2nd, 2010
In a speech in South Carolina today, Federal Reserve Chairman Ben Bernanke gave another subdued forecast for the economy. He said that while “the financial crisis appears mostly behind us…we still have a considerable way to go to achieve a full recovery in our economy” due to persistent unemployment, foreclosure and lost savings for many Americans.
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Tags: Dollar weakness, economy, Federal Reserve, Stock market, U.S. dollar
Posted in economy | No Comments »
Tuesday, June 15th, 2010
The third quarter for currency traders looks to be another rocky one, according to Forex.com, which released its Third Quarter 2010 Markets Outlook today. A weak economy and troubles in the Eurozone are the usual suspects that will continue to hold the forex markets down. Analysts say the dollar will be the safe-haven currency as euro weakness will continue into 2011. The commodity currencies, the Australian dollar and Canadian dollar, should outperform, but are at risk if global recovery falls, according to the report. (more…)
Tags: Australian dollar, Canadian dollar, China, forex, U.S. dollar, yen
Posted in Markets | No Comments »
Thursday, March 18th, 2010
The outcome of the Commodity Futures Trading Commission‘s recent 10:1 forex leverage proposal is still in limbo, and forex dealers and traders (including many Futures readers) are still busy hurling their wrath at the agency until the comment period closes on March 22. But in the meantime, GAIN Capital/Forex.com released their outlook for forex markets for the second quarter of 2010. And the forecast is a muddled, choppy one. (more…)
Tags: CFTC, China, Euro, forex, pound, regulation, U.S. dollar, yen
Posted in Markets, Regulatory/actions | No Comments »
Wednesday, January 20th, 2010
There was a rosy picture painted for the U.S. dollar, earnings and the economy at large at Dow Jones Indexes‘ 2010 Global Economic Outlook today. Analysts predicted a rebound in global economic activity. Kevin Logan, an independent global economist, said by the middle of this year, estimates for global GDP growth in 2010 are likely to be double what they were in the middle of 2009. Analysts said that the dollar would start out the year weak, with a recovery sometime in mid-2010.
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Tags: Dow Jones, economy, interest rates, U.S. dollar
Posted in General, economy | No Comments »
Tuesday, November 17th, 2009
In his speech before the Economic Club of New York yesterday, Fed Chairman Ben Bernanke expressed some conflicting thoughts about dollar policy. He said that the Fed is “attentive to the implications of changes in the value of the dollar.” At the same time, Bernanke reiterated his stance that economic conditions will warrant low levels of the Fed funds rate “for an extended period.” So it appears the Fed will maintain its low interest rate policy, which, in theory, could keep the dollar weak. This seems like a contradiction in terms.
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Tags: Ben Bernanke, economy, Federal Reserve, U.S. dollar
Posted in Markets, economy | No Comments »
Wednesday, November 4th, 2009
In this morning’s forex report, Andrew Wilkinson predicted that today’s statement by the Federal Open Market Committee (FOMC) would “convey an unchanged message in which they see a patchy economic recovery warranting an extended period of easy monetary policy.” He was right, as the FOMC said it would maintain the Fed funds rate at 0 to 0.25% and that economic conditions “are likely to warrant exceptionally low levels of the Federal funds rate for an extended period.”
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Tags: Australian dollar, economy, Federal Reserve, U.S. dollar
Posted in Markets, economy | No Comments »
Tuesday, October 13th, 2009
As the dollar continues its massive losing streak, the last place you would expect to see it is in the “best” column on any “best/worst” style list. But that’s exactly where it falls on Casey Research’s new report on the economy, “The Good, Bad, and Ugly: Year-End 2009.” Casey Research lists the U.S. dollar under “The Good” column because the dollar is the reserve currency of banks around the world. (more…)
Tags: Dollar weakness, economy, gold, U.S. dollar
Posted in economy | No Comments »
Wednesday, October 29th, 2008
The U.S. dollar has been on rampage, setting a new high yesterday of 88.485 yesterday, Oct. 28, up from 73.965 on Aug. 1.
For a long while it was fashionable and profitable to bash the greenback, but one of the first traders I know to call the turn is InterbankFX Chief Currency Strategist Rob Booker, who has ridden that bull for some time. (see the September issue’s cover story, Misery Finds Company).
One of Booker’s FX indicators is the Treasury International Capital Data, which tracks international money flows. The most recent report, released on Oct. 16, showed net Long-term securities transactions have been way down. In May, they were $83.2 billion; June: $53.6 billion; in July, it was just $8.6 billion and August: $14 billion.
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Tags: forex, Rob Booker, TICs data, U.S. dollar
Posted in Uncategorized | No Comments »
