My interpretation of his statement is that UK is not and does not intend to "intervene" in GBP rate and has no target 'fair' value for GBP under its current monetary policy. They probably targetting interest rate via its Gilt debt instrument, rather ...

Former BoE's Posen says Gilt-buying QE is on hold

Historically, uncertainty equates to dollar strength. There is a divergence here. If you know what I meant, especially trader who knows the nature of divergence.

Asian shares fall, dollar pressured on Fed uncertainty

Quote: "Whoever succeeds Bernanke will face the difficult task of managing an economy that remains fragile." Since when do central bankers manage the economy? I thought that is the president's job? So, now US central bankers has to (1) manage ...

Yellen overwhelming favorite to replace Bernanke at Fed: Reuters poll

Global growth outlook reduced, US Debt level increased, Interest rate on the rise, fiscal policies still at stalemate, all these seemed to suggest that at least one of the major rating agencies is going to issue a 'concern' regarding the outlook on ...

The Fed's other trillion dollar problem

I suspect it works both way. Granted it may be a short squeeze, I suspect the smart money is 'laying the trap' currently for the retail money to line up their long positions before they release the next round of 'rumor' of QE tapering which will ...

EURUSD Technical Update For June 13th – Euro Dollar Analysis

The only way out is to promise more QE. Even the assurance of keeping the current QE intact for the foreseeable future is not going to help as the only probably scenario going forward is the withdrawal of QE eventually. When you are high up there, ...

Can Bernanke Avoid a Meltdown in the Bond Market?

I am one who is not supportive of more regulation as it does not solve any problem fundamentally short of the threat of punishment. Just leave it to the market to work out. The customer will find a broker who don't front-run their order while those ...

WM/Reuters Busted In Latest Market Rigging And Collusion Scandal: Foreign Exchange

Don't think. When you think, everything becomes cloudy.

News That Matters Next Week

My call on this pending NFP (I may be wrong as always): (1) Better than expected result - huge buying of dollar (2) Within expectation - large buying of dollar (3) Worst than expected result - muted selling of dollar My rationale is this: the major ...

After Currency Panic Attack: 3-Likely NFP Outcomes

I am running a REAL business in forex trading full-time. Currency hedging is part of my trading strategy. So, does that make me a speculative trader or a real business owners/traders (as per your definition)? If you hold the presumption that ...

Speculators Keep Stretching USD Longs And Increasing EUR, AUD Shorts

Don't make sense. Between a hard landing and a soft landing scenario, any central banker worth his salt would choose the latter. This is also the common sense that any political master (the central banker's boss in effect) would assume. A soft ...

Fed may need to let inflation rise to boost jobs: Kocherlakota

It always amazes me to see the media slap on this label of speculative trader. In other words, what is a non-speculative trader on the other side? If speculation is according to what merriam webster defines as 'to assume a business risk in hope of ...

Speculators Keep Stretching USD Longs And Increasing EUR, AUD Shorts

Inpatient, I have to agree on many of your points (but not some). Yes, there is a 'visible' 'structural demise of the US as the world superpower' now. I agree. 'US will be overtaken'. No I disagree. The greatest strength of the US is in its people ...

Death of the Dollar

China has 5000 years of opportunity to forge ahead to become a great nation (similarly for India). But they did not. Time and again in their history, they scaled the height of progress but fall back deeper into regression thereafter. There is ...

Death of the Dollar

negative UMich sentiment -> market soar positive UMich sentiment -> market also soar Market giving out free money? Fed not printing at the moment, wondering who is giving out free money? Lol.

Whisper of negative UMich sentiment sends market soaring

See how CNBC spin the tale: url

Bank of America profit falls

Depends on your perspective (in other word, timeframe). Open the EURUSD monthly chart and you will see the current price lurking in the bottom half of the historical price range. EURUSD has weakened considerably from this perspective.

Euro Crisis in Full Swing? FX Traders Don’t Seem to Think So

url Citi beats on on $1.11 EPS (excluding items) vs $1 expected. But revenue drop below estimates and from a year ago. Supportive of the other indicators of slowing operating environment.

Citigroup: EPS: $0.95, Exp. $1.02

Because its an election year.

Why Is U.S. Unemployment Falling So Fast When Growth Is So Slow?

It is not just the direction, but the timing that matters.

Choppy Markets Eye Bernanke, China Concerns