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ECB Disappoints with 50bp Cut, Trichet’s Comments
It is the morning for rate cuts with the European Central Bank, Bank of England and the Swiss National Bank all cutting interest rates. On a day when the Bank of England shocked the markets with a...
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Euro: Headed for 1.35?
Hawkish comments from ECB member Weber is driving the EUR/USD through the roof. The currency pair is up close to 2.5 percent or more than 300 pips. After cutting interest rates by 75bp earlier this...
View ArticleHow the Strong Euro Changes Things
The EUR/USD has reversed violently after hitting a high of 1.4719 today. I don’t think that it is a coincidence the currency’s rally stopped right at the 200-day SMA. If you caught my Daily Currency...
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What is Trichet Thinking?
Here is a snippet of my comments about this morning’s price action on FX360.com: There has been a lot of action in the currency market this morning, mostly centered on the British pound and Euro. ECB...
View ArticleTrouble Brewing in Europe Could Send EUR/USD to 2 Yr Low
The big story in the currency market today is the Euro which hit a 2 month low against the US dollar. Ratings agency Moody’s warned that the exposure of Western European banks to Eastern European loans...
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Euro and British Pound Crushed by Rate Decisions
The Euro and British pound have come under severe selling pressure after the ECB and BoE cut interest rates by 50bp. Interest rates are now at historic lows for both central banks and even though the...
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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 ArticleECB Meeting: What Did Trichet Say?
ECB President Trichet does it once again. He has under delivered and postponed the inevitable. This morning, the central bank cut interest rates by only 25bp to 1.25 percent instead of the widely...
View ArticleWhat Sets ECB Apart from Fed and BoE?
Both the European Central Bank and the Bank of England announced asset purchases today, but the Euro skyrocketed while the British pound fell, leading many currency traders to wonder What Sets the ECB...
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Vacation Pics from Whistler
Here are some pics from my recent ski trip to Whistler! Am I taking a break or did I fall? The beautiful mountain views Braving the cold after those Black Diamonds
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