Fed to cut rates today, but does anyone care (besides currency traders)?
It's another "Fed day" today, with the FOMC's two-day policy meeting set to wrap up later and the results to be announced at roughly 2:15 eastern ... %. But one has to wonder if that really matters. The "effective" federal funds rate, determined by actual trading ... explain or define its new strategy of quantitative easing and flooding the banking system w [more...]
Date: 2008-12-16 13:15:00
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Sony: Nomura Cuts Rating On Currency, Weak TV Pricing
Nomura Securities analyst Eiichi Katayama today cut his rating on Sony (SNE) ... wrote in a research note that the downgrade reflects “downward risk from the current forex environment ... s big three consumer electronics companies,” he writes. “However, with LCD TV prices falling [more...]
Date: 2008-11-28 19:01:24
Get-Well Card from Central Banks Doesn't Cure the Underlying Ailment; Forex Remains Volatile (pfblogs.org)
Today’s coordinated cut in interest rates warmed the cockles of investors’ hearts as though they’d received a personal eCard from the world’s bankers, ... ;P futures reversed a 33-point gain before falling back in to the red once more in pre-market trading ... from six central banks. Since our last report, currency traders have increased demand for dollars [more...]
Date: 2008-10-08 17:38:56
Forex Daily Analysis - December 17th 2008
Trading today is in the shadow of yesterday’s historic rate decision in the USA: a rate of 0.25% is unprecedented in America - Bernanke went for it. Currently trading is rather calm - the EUR/USD is resting above 1.40, the GBP/USD is flirting with 1.55 and the Yen managed to pull throug - currently at about 88.50. Other currencies are also [more...]
Date: 2008-12-17 10:18:23
Flee the US dollar and US Treasuries
Teo items today on the subject. The final bubble is getting ready to burst. Expect inflation and rising rates driven in the US, UK and australian cases by a falling currency ... historic lows last year. It will reignite fears about the currency's prospects, as well as sparking fears [more...]
Date: 2009-01-06 03:51:53
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