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Bernanke Rebrands Quantitative Easing as Credit Easing
For the first time since cutting interest rates to 0.25 percent, Federal Reserve Chairman Ben Bernanke outlined his plan of action. In a speech at the London School of Economics, Bernanke talked about...
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January Fed Meeting (FOMC) Preview: What to Expect for the USD
For the first time since August 2007, the Federal Reserve is not expected to change interest rates. With the fed funds rate now set to a target range of 0 to 0.25 percent, the Federal Reserve has maxed...
View ArticleHow Would US Bank Nationalization Impact the US Dollar?
I want to share my piece on How Nationalization of Citigroup and Bank of America could impact the US dollar if you haven’t caught it already (so I’m am posting his before I head to the NY Traders...
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USD/JPY on a Tear, Key Level
USD/JPY is on a tear this morning. US equities is also trading higher which is completely mind boggling given the fact that US economic data was very weak and Fed Chairman Ben Bernanke warned that we...
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FOMC Decides Next 1% Move in EUR/USD
The Euro has surged to 1.3157, a six week high against the U.S. dollar. The currency pair’s strength is a big departure from the price action of the other majors currencies this morning, which have...
View ArticleHow Does the Fed “Print Money?”
With the Fed’s announcement today, many people may be wondering “How does the Fed print money?” Here is a snippet from my Daily Piece on Currencies. Most of the time when we say that a central bank...
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EUR/USD Could Extend to 1.40
The EUR/USD is on a tear, having rallied more than 600 pips or 5 percent over the past 24 hours. The significance of Fed’s actions continue to resonate over the currency markets and even though we have...
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Updated! Salaries of Central Bank Governors
The job of turning around the global economy lies of the shoulders of just a few people and in this group includes central bank governors. With such a tall task at hand, it leads me to wonder what are...
View ArticleBernanke’s Plan Z
U.S. equities turned positive, erasing triple digit losses in the second half of the NY trading session. The improvement in risk appetite also extended to currencies as safe haven flows eased out of...
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Fed: Data Shows Mkt Pricing in Q2 Rate Hike?
It has been a while since I provided updated numbers for the market’s rate hike expectations and I will chalk it up to my travels! Rate expectations are always changing and a lot has happened over the...
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