Post Tagged with: "Timothy Geithner"
Forex Daily Outlook – March 30th 2009
The forex market will be moved mostly by speeches around the globe. Important figures include Japanese Prelim Industrial Production and European Consumer Confidence. Let’s see what’s on the menu… New Zealand starts the forex week very early, with the monthly Building Consents. They previously fell by 13.1% – very bad. A further decline could stop the
Top 5 Dollar Downers
Here are 5 major macro economic reasons that weigh heavily on the US dollar: Obama’s stimulus package – spilling lots of money into the economy – devaluation of the dollar. FOMC Statement – Printing $1 trillion dollars instantly – dollar devaluation yet again. Toxic Asset Plan – Geithner’s plan will come mostly from the public
Forex Daily Outlook – March 26th 2009
Major releases in Britain today will set the course of the Pound, which has shown strength. In America, Final GDP and Unemployment Claims will get attention, and note major releases in Japan and New Zealand near the end of the day. Australia’s RBA Financial Stability Review starts the day. Australia seems to have a very stable
Toxic Asset Plan – Toxic for the Dollar
Timothy Geithner is due to present the plan to relieve US banks from toxic assets. While this is intended to be a Public-Private plan, funding this scheme may, yet again, result in printing US dollars – sending the greenback down. It already happens now, before the announcement. US Secretary of Treasury, Timothy Geithner, is due
Dollar Falls on China Debt Fears, Toxic Asset Plans
The US dollar is falling across the board at the beginning of the new forex week. This happens against all the currencies, except the Yen of course. Toxic Asset Plan by Geithner and China Debt Fears are driving the dollar down. The forex week began with a weakening of the US dollar: it lost ground
Forex Daily Outlook – March 5th 2009
Very big day today at the forex market. Rate decisions in Europe and Britain will dominate the scene. Big swings can also be caused by US Unemployment Claims, and some serious releases from both Australai and Canada. Let’s see what’s in there… Already at 00:30, news come from the land down under: Australian Building Approvals are
Forex Daily Outlook – March 4th 2009
In this mad forex week, Wednesday is relatively a “calm before the storm”. But it’s only relatively, since there are a few important releases today as well, that could help the Euro decide if it’s really breaking out… Australia, the country down under with up over interest rates, showed a surprising contraction: GDP fell by
Forex Daily Analysis – February 10th 2009
Tuesday morning begins with a somewhat stronger dollar, after weakening yesterday. Barack Obama seems to renew his election campaign, going out to the public and talking about the stimulus plan. Not much data today, but many speeches will dominate forex trading. Data began pouring from Britain with a disappointing figure: RICS House Price Balance -76.3%. More
Forex Weekly Outlook – February 9-13 2009
The second week of February begins in a slow pace, with more speeches than real economic data. It gradually gains pace, with Trade Balance in Canada and the US on Wednesday, Australian Employment Data on Thursday, and American Retail Sales on Thursday. On Friday 13th, European GDP will dominate the day, as well as UoM
Will Obama’s Stimulus Package weaken the Dollar?
Less than a week in office, and Barack Obama isn’t wasting any time. He’s pushing forward on all fronts, and regarding the stimulus package on particular. Despite the plan being helpful for the American economy, it will be very unhelpful for the US dollar. Obama’s $825 billion plan is huge: it is meant to help