Foreign Exchange Archive

Fed Kicks The Can Down The Road

November 4, 2009  ·  Category: Federal Reserve, Foreign Exchange, Gold, Market Commentary
The Fed made no substantial changes to policy or the statement.  The key sentence on "exceptionally low levels of the federal funds rate for an extended period of time" was unchanged.  Essentially, they didn't want ...
Posted by Greg Feirman  ·  No Comments »

Top Gun FP Client Note: The Lesson Of Cash For Clunkers

NOTE: Every week I write a Client Note for my clients.  For a limited time, I am allowing non-clients to sign up and receive the Client Note.  You can sign up at the top right ...
Posted by Greg Feirman  ·  1 Comment »

Independent: Middle East In Talks With China, Russia To End Dollar Dealing For Oil

October 6, 2009  ·  Category: Commodities, Currencies, Foreign Exchange, Market Commentary
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 »

Goldman Calls a Bottom In The Dollar

August 14, 2008  ·  Category: Commodities, Currencies, Foreign Exchange, Market Commentary
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 ...
Posted by Greg Feirman  ·  No Comments »

Bernanke Continues To Jawbone About Inflation

Moreover, the latest round of increases in energy prices has added to the upside risks to inflation and inflation expectations.  The Federal Open Market Committee will strongly resist an erosion of longer-term inflation expectations, as ...
Posted by Greg Feirman  ·  No Comments »

Job Losses = Dollar Drop = Oil Rise = Stock Market Crash

The unemployment rate rose from 5.0 to 5.5 in May, and nonfarm payroll employment continued to trend down (-49,000), the Bureau of Labor Statistics of the US Department of Labor reported today. - May Jobs Report, ...
Posted by Greg Feirman  ·  No Comments »

Front Page WSJ Article On Bernanke’s Speech Yesterday

June 4, 2008  ·  Category: Federal Reserve, Foreign Exchange, Inflation
[Chairman Bernanke] went today where no other Fed chairman has gone in my 20 years of doing this.  He dove into the deep end of the dollar policy pool. - David Gilmore (subscription required), Foreign Exchange Analytics As ...
Posted by Greg Feirman  ·  No Comments »

Bernanke Talks Up The Dollar

In collaboration with our colleagues at the Treasury, we continue to carefully monitor developments in foreign exchange markets.  The challenges that our economy has faced over the past year or so have generated some downward ...
Posted by Greg Feirman  ·  No Comments »

Dollar Weakness Enters Popular Culture

November 14, 2007  ·  Category: Foreign Exchange
"... it's an ominous sign when dollar weakness becomes ingrained enough in the popular mind for the currency to be spurned by runway models." - "Gisele Dumps Ben" (subscription required), The Wall Street Journal, Editorial, Tuesday ...
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Is This A Dollar Crisis?

November 7, 2007  ·  Category: Foreign Exchange, Gold, Market Commentary
"We're in the midst of a dollar crisis here and the market is reflecting on the high cost of oil and the falling dollar and soaring gold prices.  The good economic news is going to be ...
Posted by Greg Feirman  ·  No Comments »