Italian and Spanish bond auctions go badly and the euro is up?
Perfect illustration of my “less bad” currency scenario today. The euro is up 0.33% against the dollar—despite disappointing news from Italian and Spanish bond auctions today—because the U.S. dollar is down—on a “feeling” that the Federal Reserve may say something tomorrow at the end of its two-day meeting that would increase the odds of a new program of quantitative easing.
Think Canada and Mexico to avoid some of the risks of U.S. markets–especially the danger of a falling dollar
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...The Fed says it will keep interest rates exceptionally low through 2014–here are the winners and losers in the financial markets
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In less than a week the Fed’s Operation Twist has already had a big effect–by pushing up the dollar and pushing down the prices of commodities and gold
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Investors fleeing risk flood into the U.S. dollar
The dollar is still expected to decline by 1% the end of the year, but that’s a huge shift a month ago when Wall Street strategists were projecting a 2% decline.
Despite everything, this morning the dollar doesn’t look so bad
Stop for a moment and say, “Thank you” to the continuing euro debt crisis. The dollar is up this morning against the euro and safe-haven buying has stabilized the short-end of the U.S. Treasury market.
By continuing its promise to keep U.S. interest rates low for “an extended period” the Fed has raised global inflation danger
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Fed meets on rates and freezes U.S. markets until Bernanke speaks to the press (!) at 2:15
Today the Federal Reserve tries something new. After the Fed’s Open Market Committee meets and issues its usual 150-word cryptic explanation of its view on the economy, chairman Ben Bernanke will give a press conference.
Be your own S&P: Here’s how to rate the debt of all the world’s countries (and then use your ratings to guide your portfolio)
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Bets against the dollar look like they’ve still got time to run
Normally I’d be looking for currency traders to reverse their negative bets on the U.S. dollar right about here. But the looming end to the Federal Reserve’s program of quantitative easing, QE2, in June and the timing of any budget deal in Washington makes calling the timing of this reversal much harder. I’d say the odds favor traders letting the current trend run for a while yet—before they take profits and start to bet on a bounce.
