Archive for forex blog
Power of Past G7 Mtgs: Euro and JPY Charts
The following charts of the EUR/USD and USD/JPY shows the power of G7 meetings. As you can see, their announcements have frequently marked a top or bottom in the currency pairs. Sometimes this happens immediately and other times it takes a while longer. Judge for yourself what will happen this time around:
G7 Statement on Coordinated FX Intervention
18 March 2011 - Statement of G7 Finance Ministers and Central Bank Governors
We, the G7 Finance Ministers and central bank governors, discussed the recent dramatic events in Japan and were briefed by our Japanese colleagues on the current situation and the economic and financial response put in place by the authorities.
We express our solidarity with [...]
CNBC Video: All About the Yen
I was on CNBC Power Lunch this afternoon talking about the Japanese Yen and intervention risk.
Latest Data: Major Changes to Rate Hike Expectations
The volatility in the financial markets has led to major changes in rate hike expectations. Here are the latest numbers and the highlights compared to a month ago (see Feb numbers):
Fed - One 25bp rate hike expected by Q1 2012 instead of 50bp
BoE - One 25bp rate hike expected this year instead of 75bp
ECB - [...]
Has Japan’s Earthquake Stopped Mrs Watanabe from Trading?
The sharp rise in the Japanese Yen has triggered a lot of talk of repatriation by Japanese investors and the price action of the Japanese Yen certainly suggests that this could be true, but has the earthquake really put investors offline? I did some research on this and here’s what I found:
1) The MoF publishes [...]
USD/JPY: Top 10 Largest Moves and How the BoJ Responded
The sell-off in USD/JPY this evening is one of the top 5 largest moves ever for USD/JPY. Whenever USD/JPY experiences such sharp volatility over a short period of time, the Bank of Japan usually comes in to quell the volatility. The following table shows the Bank of Japan’s actions in response to the [...]
Comparing the March and Jan FOMC Statements
Compare the changes made to March FOMC statement with the Jan one.
FOMC Statement January 26, 2011
Information received since the Federal Open Market Committee met in December confirms that the economic recovery is continuing, though at a rate that has been insufficient to bring about a significant improvement in labor market conditions. Growth in household spending [...]
Japan Radiation Levels - What do they Mean?
According to this morning’s reports, Tokyo officials say they detected 0.8 of a micro-sievert of radiation in the morning, which is about 27 times what’s considered normal. A chest X-ray typically involves a dose of 20 micro-sieverts. In contrast, radiation readings in Kitaibaraki city, about 43 miles (70 kilometers) south of the Fukushima nuclear [...]
FOMC Table: How Has US Economy Changed Since Last Fed Meeting?
The Federal Reserve is gearing up for tomorrow’s FOMC announcement. Here’s a look at how the economy and economic data has fared since the last Fed meeting:
Donate: Forex Traders for Japan Earthquake
Seeing the disastrous pictures unfold in Japan, I can’t help but think about how WE, as forex traders can HELP. Donate: Forex Traders for Japan Earthquake
On March 11, 2011 magnitude-8.9 earthquake hit off the shore of Japan, unleashing a 23-foot (seven-meter) tsunami and leaving enormous destruction in its wake. Hundreds have been killed in this [...]
