Market Fundamentals To Determine Dollar Direction
Following the emergency interest rate cut by the Fed last week the question being asked was whether the embarrassment at SocGen had anything do with the decision? Whilst the massive loss facing the French bank would be enough to temporarily spook any market is the bank merely using this event to cover up [...]
Black Monday
Yesterday’s bloodbath in the financial markets should be seen as the final attempt by investment banks aka the market makers to persuade central banks (especially the Fed) to implement immediate interest rate cuts, conveniently forgetting that it has been they who have caused this mess in the first place.
When markets panic in the way they [...]
Euro to dollar and Yen
Thin markets today as it is Martin Luther King day in the US. All stock markets last week gave traders and investors a nice rollercoaster ride, even though the VIX was no where near its highs of last August. The FTSE posted its worst January since 2000 and from the 2007 [...]
keep looking »