Currencies Archive
Independent: Middle East In Talks With China, Russia To End Dollar Dealing For Oil
In the most profound financial change in recent Middle East history, Gulf Arabs are planning – along with China, Russia, Japan and France – to end dollar dealings for oil, moving instead to a basket ...
Posted by Greg Feirman · No Comments »
Dollar Weakness Driving Commodities, Stock Market Rally
The core problem for the dollar remains that risk appetite is good, U.S. interest rates are extremely low and the Fed has done a good job telling us they will stay low a long time. ...
Posted by Greg Feirman · No Comments »
Buffett: US Dollar Could Be In Trouble
When Warren Buffett speaks, people listen. For the first time in ten months (see "Buffett NY Times Op-Ed: Buy Now", Top Gun FP, October 17, 2009), Buffett voiced his views in a very public forum ...
Posted by Greg Feirman · No Comments »
Dollar Selloff Is Risk To Stock Market
March 19, 2009 · Category: Commodities, Currencies, Federal Reserve, Gold, Inflation, Market Commentary
The dollar continues to tank and commodities continue to rally in the wake of yesteday's Fed announcement:
The euro is up another 2 cents versus the dollar to $1.37 - after rallying 4 cents yesterday after ...
Posted by Greg Feirman · No Comments »
Goldman Calls a Bottom In The Dollar
Dollar strength will not be a straight line..... nevertheless, dollar lows are almost certainly behind us.
- "Calling A Bottom In The Dollar", Goldman Sachs
... the euro 'rubber band' is stretched as far as it's ever ...
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$1000 Gold? 100 Yen Per $? - This Is A Dollar Crisis
Gold briefly touched $1000 an ounce this morning - an all time high (Gold 5 Year Chart).
The Yen/$ briefly dipped below 100 this morning - just below very long term support at lows from early ...
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Kohn And Bernanke Torch The Dollar; So Much For My Euro Top Call
February 27, 2008 · Category: Currencies, Federal Reserve
"The Fed is triaging the whole economic problem that we have, and right now it seems like economic growth is a priority."
- Carl Forcheski (subscription required), VP Foreign Exchange, Societe Generale
Yesterday, Fed Vice Chairman Donald ...
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Excellent BusinessWeek Article On Currency ETFs
February 12, 2008 · Category: Currencies
BusinessWeek put up an excellent article giving an overview of some of the most popular currency ETFs yesterday: "Smarter Ways To Make Currency Plays".
It covers the popular CurrencyShares Japanese Yen Trust (FXY), CurrencyShares Euro Trust ...
Posted by Greg Feirman · No Comments »
Looks Like A Top In The Euro
February 7, 2008 · Category: Currencies, Technical Analysis
The $/Euro seems to have formed a triple to top around $1.50 with the most recent peak occuring in just the last few days ($/Euro 6 Month Chart).
Today, the European Central Bank (ECB) decided to ...
Posted by Greg Feirman · No Comments »
Buffett Said Dollar Will Be “Worthless” Or “Worth Less”?
February 7, 2008 · Category: Currencies, Humor
Dow Jones and CNBC yesterday were reporting that in a speech in Toronto Warren Buffett said that if the current deficit didn't improve, the dollar would would be "worthless" in 5-10 years.
In a hilarious episode on ...
Posted by Greg Feirman · No Comments »
