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Carry Trade Shakeout - Opportunity?

posted by jameschen 1327 days ago in JPY, AUD, Technical made popular 1327 days ago

Virtually across the board, currency carry trades have unwound drastically, shaking out even the most determined yield-seekers at an almost unprecedented pace. The big question now is how much longer the freefall will last.

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Dollar Strong as Talk of Coordinated Rate Cut Looms

posted by anniemei 1328 days ago in USD, AUD, Daily made popular 1327 days ago

Riding to the rescue of this near-global near-free fall is, hopefully, a coordinated response by the world’s major central banks. No doubt led by the Fed, there is talk of at least 50 basis points being shaved off of key rates. It is doubtful we’

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Response of Global Markets Indicates Crisis of Confidence

posted by trade2win 1328 days ago in USD, Fundamental made popular 1328 days ago

The US’ $700B bailout plan will not do the trick - at least that’s how the currency market feels Monday morning. Deleveraging, or the liquidation of risk, is happening on a global scale as investors question if guaranteeing funds and bailing out

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Europe Round Up - Eurozone Investor Confidence At Record Low

posted by lovethefx 1328 days ago in EUR, Fundamental, Daily

Monday, Europe had a quiet start to the week with no major releases due for the day. Survey results showed that Eurozone investment reached a record low in October. Central banks and governments in the region busied themselves in efforts to lesse

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Oil Declines Below $90 a Barrel on Concern Demand Will Weake

posted by maximumpips 1328 days ago in Oil

Crude oil fell below $90 a barrel for the first time since February as the credit crisis deepened in Europe, adding to concern that global economic growth will slow and reduce demand for fuels

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Fed, Treasury move again to help financial markets

posted by pipsmgee 1328 days ago in USD, Fundamental made popular 1328 days ago

The Bush Administration and the Federal Reserve said Monday they are moving "with substantial force on a number of fronts" to shore up confidence in, and protect, the financial system.

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Markets Convinced US Federal Reserve Will Cut Interest Rates

posted by nancypants 1328 days ago in USD, Fundamental, Daily made popular 1328 days ago

The market seems convinced that the Federal Reserve will cut interest rates at their next meeting on October 29th. The question, it seems, is by how much. According to pricing of Fed Funds futures contracts, traders are pricing in an 84% chance t

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Global Markets Hammered As Recession Fears Mount

posted by fxhottie 1328 days ago in USD, EUR, Fundamental made popular 1328 days ago

Global stock markets plummeted Monday as concerns about the widening fallout from the credit crisis fueled fears about a world-wide recession.

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Euro Falls to 14-Month Low as Credit Crisis Spreads

posted by fxhottie 1328 days ago in USD, EUR, Fundamental made popular 1328 days ago

The euro had its biggest one-day drop against the yen since its debut in 1999 as the deepening credit crisis prompted European governments to pledge bailouts for troubled banks while stopping short of coordinated action.

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Home Sales Probably Fell, Trade Gap Ebbed: U.S. Economy Prev

posted by nancypants 1329 days ago in USD, Fundamental, Housing made popular 1328 days ago

The U.S. housing slump probably showed no sign of ending and the trade deficit shrank in August, a month before the turmoil in financial markets came to a head, economists said before reports this week.

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Yen Unbeatable as Credit Seizure Kills Carry Trades

posted by pippinallnite 1329 days ago in JPY, Fundamental, Daily made popular 1328 days ago

The same credit market collapse that drove Lehman Brothers Holdings Inc. into bankruptcy and sent bank borrowing costs in Europe to record highs is making the yen unbeatable.

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3 Things America Needs to Do to Get the Economy Back on Trac

posted by trade2win 1335 days ago in USD, Fundamental, Special

The US trade deficit has grown to $US700 billion, which of course is money not spent on US goods and services. This has killed off well paying jobs, has slowed the economy and created unemployment.

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