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Hedging the Rising Dollar

Monday, October 27th 2008   19:24
While the Dollar rally may ultimately prove beneficial to US consumers (due to cheaper imports), it is certainly not helping US-based multinational corporations. Companies that earn a significant...

GFT Daily Market Commentary

Monday, October 27th 2008   19:05
Forex Market Commentary for October 28, 2008 by Cornelius Luca

GFT Daily Market Commentary


Ongoing rumors/fears of a possible default by large institutional investors/hedge funds...

The British pound remains extremely weak across the majors as it has a few factors working against it: 1) it is not a safe-haven like the US dollar or...
The euro fell to the lowest level since April 2006 against the US dollar on Monday as European Central Bank President Jean-Claude Trichet signaled that...
The US dollar rallied across the majors during the European trading session, but subsequently pulled back later in the day despite stronger-than-expected...
Forex carry trades sold off sharply on Monday, as the Japanese yen surged more than 4 percent versus high-yielding currencies like the New Zealand dollar...
The US dollar rallied across the majors during the European trading session, but subsequently pulled back later in the day despite stronger-than-expected...
A volatile open to the new week carries the risk aversion theme with a new warning from Japanese officials that intervention may be the next step in global...
As we have warned for the past few weeks, it is extremely dangerous to look for range trades in current market conditions. However, if we were to look...
FXstreet.com (Barcelona) – Sales of new houses have started to pick up in the United States in September, a signal that together with the improving existing home sales last week, could be showing...
The extraordinary performance of the Australian dollar over 2006 through early 2008 was created by a number of factors, not least of which was the commodity...
FXstreet.com (Barcelona) For more information, read our latest forex news.

GBP/USD: The Pound, pointing to the downside

Monday, October 27th 2008   13:24
FXstreet.com (Barcelona) – The Pound remains bearish against the Dollar, and, according to Valeria Bedarnik, analyst and foreign manager at MolFX Management the pair could test new lows: “The...
The US dollar and Japanese yen have pared their losses this afternoon after surging throughout the European trading session, as the Dow Jones Industrial...

Overnight Interest Rate Update 10.27.08

Monday, October 27th 2008   12:14
Overnight Libor Rates (17:15 GMT) Current Friday(17:15 GMT) USD 1.26875 1.28125 EUR 3.56250 3.54875 GBP 4.81250 4.75000 JPY 0.72875 0.71625 CHF 1.29167...

5 Key Events for the Forex Market This Week 10-27-08

Monday, October 27th 2008   11:02
The US dollar faces major event risk in coming days, especially as the Federal Reserve is expected to cut interest rates. While most of the news would...
Forex market volatility has been nothing short of astounding through recent trade, with major currency pairs trading to incredible highs and lows without...
In a recent interview, ECB President Jean Claude Trichet said the policy authority may once again ease lending rates at its November 6th meeting in response...

US New Home Sales Rebound From 17-Year Low

Monday, October 27th 2008   9:14
With the recent financial crisis, the market has paid little heed to the ongoing recession in the US housing market. However, the broader economy heading...
FXstreet.com (Barcelona) – Business climate has worsened somewhat sharper than expected in Germany in September for their fifth consecutive month, while the economic expectations have slumped...

EU M3 rises 8.6% year on year in Sep

Monday, October 27th 2008   9:01
FXstreet.com (Barcelona) For more information, read our latest forex news.
FXstreet.com (Barcelona) For more information, read our latest forex news.

Australian Dollar Slides in Currency Trading

Monday, October 27th 2008   7:58
Down under currencies in FX tradingThe Australian dollar, along with the New Zealand dollar, is sliding in currency trading on the FX market today. Right now, down under currencies are suffering in...

Lost Decade, Implications for the U.S.

Monday, October 27th 2008   7:38
The Japanese economy stagnated for a decade or so following the collapse of its asset price bubbles in the early 1990s. Real GDP growth in Japan, which...
Denmark attempts to defend the krone against global recessionThe Danish central bank was just barely granted access to a swap line from the European Central Bank. The amount is 12 billion euro. The...


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