Forex Crunch » Timothy Geithner

Is The Dollar Liquidity Move a Preparation for the Greek Default?

Yohay — Thu, 15 Sep 2011 14:27:22 +0000

The dramatic announcement by 5 major central banks about providing dollar liquidity for European banks could precede a bigger announcement about an official Greek default.

The liquidity move, similar to the one made after Lehman, could help make the default more orderly, and prevent a Lehman like turmoil. Here are 3 reasons why this move could be a preparation for a Greek default:

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EUR/USD Sep. 14 – Rolling Up on Uptrend Support as Greek Resolution Awaited

Yohay — Wed, 14 Sep 2011 09:40:50 +0000

Euro dollar is slowly rolling up above downtrend support, as the situation in Greece remains tense, and the Chinese hopes are gone. The US calendar is becoming busy. Will we see a breakout out of range? Or will the consolidation continue?

Here’s a quick update on technicals, fundamentals and what’s going on in the markets.

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Forex Daily Outlook – September 14 2011

anat — Tue, 13 Sep 2011 21:00:08 +0000

Retail Sales in the US and Claimant Count Change in the UK are the main events today. Here is an outlook on the market-movers awaiting us

In the US, Producer Price Index (PPI), leading monthly report to value the producer’s prices for finished goods and services, reduce from 0.2% on August to -0.1% this month is anticipated. Meanwhile on the Core PPI (excluding food and energy) reduce of 0.1% to 0.3% is expected.

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US Debt Ceiling: Three Ways This Can Unfold

Yohay — Sat, 23 Jul 2011 10:33:55 +0000

Yet another effort to get “grand bargain” on the cutting the US deficit and raising the debt ceiling ended in break up. Each side is blaming the other, and the clock is ticking towards August 2nd. Or is it really ticking? Here are three ways this could unfold.

GOP leader John Boehner broke talks with US president Barack Obama late on Friday, after the markets closed. If this is the state of things when markets open on Monday, the dollar is set to decline. Washington is set to be very active over the weekend, and things can change afterwards as well.

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Greek relief starting to stall

Yohay — Mon, 04 Jul 2011 08:00:53 +0000

Signs emerged on Friday that the Greek relief trade that had supported risk appetite in previous days was already running out of puff. S&P’s warning that Italy’s deficit reduction plan contained significant delivery risk, especially their claims regarding the combat of tax evasion, soured the euro’s mood and encouraged some traders to retreat to the sidelines. Commodities went into reverse as well, with Brent crude back under $110 at one stage.

Of particular interest recently is the sluggishness of the gold price, which fell back to $1,485 an ounce on Friday. Two weeks ago, the gold price was above $1,550. Indeed, the adverse price action in gold coincides with the heaviness of that other safe haven, the Swiss franc. The question is whether this softness in the traditional safe havens is just temporary, perhaps reflecting some profit-taking, or more permanent? The weakness is all the more intriguing given the enormity of still unresolved issues such as the European sovereign debt crisis and the US debt ceiling. July promises to be another interesting month for asset markets, especially currencies.

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EUR/USD June 6 – Sliding In High Range on Weak Data

Yohay — Mon, 06 Jun 2011 12:36:41 +0000

EUR/USD is sliding within the high range it reached n Friday, as weak economic data and uncertainty around Greece weigh on the pair . Here’s a quick update on technicals, fundamentals and what’s going on in the markets.

EUR/USD Technicals

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Forex Daily Outlook – June 6 2011

anat — Sun, 05 Jun 2011 22:00:10 +0000

We start the week with several interesting speeches in the US and Producer Price Index in Europe the main highlight on today’s outlook. Let’s see what awaits us today.

In the US, we anticipate some interesting speeches: Timothy Geithner, Secretary of the US Department of Treasury, Charles I. Plosser, President & Chief Executive Officer and also Richard W. Fisher, President of the Federal Reserve Bank of Dallas.

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EUR/USD Mar. 22 – Looking Towards Breaking One Year High

Yohay — Tue, 22 Mar 2011 11:35:53 +0000

EUR/USD is gradually moving higher towards the one-year high as European officials clarify that we’ll see a rate hike in April. Will it make the big breakout or turn around at this point? Here’s a quick update on technicals, fundamentals and community trends.

EUR/USD Technicals

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Forex Daily Outlook – March 22 2011

anat — Mon, 21 Mar 2011 23:00:33 +0000

The speeches of FOMC Member Fisher and Treasury Sec Geithner together with Canadian Retail sales are the main events this day. Here is an outlook on the major market-movers.

In the US, FOMC Member Fisher Speaks, Federal Reserve Bank of Dallas President Richard Fisher is due to deliver a speech titled “Monetary and Fiscal Policy Challenges in the United States” at the Goethe University, in Frankfurt. Hints regarding future monetary policy may be dropped.

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EUR/USD Mar. 9 – Recovering in Lower Range

Yohay — Wed, 09 Mar 2011 11:48:30 +0000

EUR/USD is making a small recovery within a lower range, after it began facing the bitter reality of the debt crisis. Will it break lower or complete the comeback? Here’s a quick update on technicals, fundamentals and community trends.

EUR/USD Technicals

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