Foreign Exchange Archive
Gold Blows Through $800 - Highest Level in 27 Years
November 3, 2007 · Category: Foreign Exchange, Gold
Gold blasted through $800/oz on Friday to close at $808.50 on the NYMEX.
That's the highest level since January 1980 and close to the all time closing high of $825.50 set on January 21, 1980.
But don't ...
Posted by Greg Feirman · No Comments »
The Dollar Is Getting Killed
September 28, 2007 · Category: Foreign Exchange, Market Commentary
"The accelerated decline in the dollar has been well deserved."
- Axel Merk, Portfolio Manager, Merk Hard Currency Fund
Stocks are pretty much dead today.
But there is some interesting action going on in currency markets.
The euro has rallied ...
Posted by Greg Feirman · No Comments »
Stocks Stay Strong Despite Weak Housing Data
The stock market is certainly acting well.
This morning KB Homes (KBH) announced another ugly quarter.
New home sales were down 21% from last August and the median price was 7.5% lower.
The S&P is up 6 points ...
Posted by Greg Feirman · No Comments »
Helicopter Money Causes Gold Explosion, Dollar Crash
September 20, 2007 · Category: Foreign Exchange, Gold
The gold market "is telling us that the Federal Reserve has no inflation fighting credibility."
- Ralph Preston, Account Executive, Heritage West Financial
"Foreign investors would be foolish to buy US investments knowing that the value of the ...
Posted by Greg Feirman · No Comments »
Looks Like Another Good Week; Dow Continues to Lead - Mostly; Carry Trade Back In Full Force
It's looking like another good week for the stock market. Here's how the action looks through 4 days:
Dow: +151, to 13,477
S&P: +7, to 1513
Nasdaq: -23, to 2539
Russell 2000: -14, to 816
Again, we are seeing the ...
Posted by Greg Feirman · No Comments »
Bank of Japan Holds Target Interest Rate Steady
April 27, 2007 · Category: Foreign Exchange, Japan
At 2:07pm in Japan, 10:07pm out here in California, the Bank of Japan (BOJ) held its interest rate target steady at .5%. This is good news for stocks as it doesn't put any pressure on ...
Posted by Greg Feirman · No Comments »
Graham Summers Says The Carry Trade Doesn’t Matter - I Think He’s Wrong
March 26, 2007 · Category: Foreign Exchange
S&P 500 (black line) and $/Yen (orange line), December 27 2006 - March 26 2007
Posted by Greg Feirman · No Comments »
