Archive for eur/usd

Best Reason to Buy Euros?

The best reason to buy euros is because this man likes ‘em! Premier Wen Jiabao, the leader of China said last night that China and Western Countries should work together to enhance the world’s confidence in the euro and the European Union’s economy. China will be working directly with Spain on [...]

Euro: Continuation or Consolidation?

The euro has sold off aggressively over the past 24 hours, breaking below at least 3 big figures in the process. After such a strong move, many currency traders wonder if there will be consolidation or continuation. Today’s sell-off in the EUR/USD was the strongest since January 5, 2009 and taking a look [...]

CNBC Interview: Outlook for Euro

I was on CNBC Squawk Box this morning talking about the outlook for the euro. Boris and I did a Double Take today with me on the 7:30 and him on the 6:30. Here’s my clip. Enjoy!

BNN Interview on Euro

I was on the Business News Network this afternoon talking about the impact of the EU Stress Tests on the euro. Enjoy! Click on the image to access the video

China’s Currency Tango

I was on the Canadian Broadcast Network last night talking about the outlook for the Chinese Yuan. Click on the image to access the video

Euro Extends Gains, Risk Up on ECB Comments and Data

Risk is being bought this morning following not so dovish comments from ECB President Trichet and stronger than expected economic data.
Going into the ECB meeting, traders were worried that the Central Bank President would stress the need for ongoing liquidity measures to support the economy and the risks posed by balance sheet adjustments. [...]

Why is the Euro Rallying?

The euro has come along way since the end of June when it was trading below 1.20. Here are a few reasons why the EUR/USD has rallied:
1. Investors are Growing Less Nervous about the PIIGS - Credit Default Spreads are narrowing

2. Weaker U.S. data has turned the market’s focus to problems in the U.S.
3. [...]

CNBC Interview: Outlook for Euro and Aussie

I was on CNBC today talking about my outlook for the euro and aussie. Here are 2 clips

How Does the EU/IMF Rescue Plan Work?

The euro rebounded this morning thanks in part to the new details released on the EU/IMF Rescue Plan. Reuters put together a VERY good synopsis dissecting how the plan works :
Q+A-How does the EU’s financial safety net work?
Below are details of the European Stabilisation Mechanism, which includes the European Financial Stability Facility, and how [...]

Comments on Payrolls and Euro Decline

I was on the Business News Network this morning discussing the non-farm payrolls release and the decline in the EUR/USD. Click on the image to access the video