29

Jan

Why are Euro and British Pound Tanking?

Posted by Kathy Lien  Published in 2009 gbpusd forecast, Bank of England, British Pound, ECB, Euro, eur/usd
The Euro and British pound are selling off aggressively today on the heels of comments from government officials and market players. Risk aversion has been a theme in the markets following the weaker than expected jobless claims and durable goods report from the US (read my full insight on these numbers at FX360.com) [...]
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21

Jan

What’s Behind the Big Moves in Currencies?

Posted by Kathy Lien  Published in 2009 british pound forecast, 2009 gbpusd forecast, Bank of England, British Pound, Canadian Dollar, Forex Technicals, GBPJPY, Swiss Franc, eur/usd, forex blog, swiss national bank
There has been a lot of volatility in the foreign exchange market this morning, driving currencies to historic levels: GBP/USD - 23 Year Low USD/JPY - 13 Year Low NZD/USD - 6 Year Low EUR/JPY - 6 Year Low CAD/JPY - 13 Year Low GBP/JPY - Record Low NZD/JPY - 8 Year Low The most significant moves have been in the British pound, [...]
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19

Jan

Euro and British Pound Tanks: Big News from Europe

Posted by Kathy Lien  Published in 2009 eurusd forecasts, 2009 gbpusd forecast, Bank of England, British Pound, ECB, ecb rate cut, eur/gbp, eur/usd, forex blog, spain downgraded
With the US markets closed for Martin Luther King’s Day, the odds were skewed towards a quiet trading. However, big news in Europe has made it anything BUT quiet. After hitting an intraday high above 1.33, the EUR/USD has sold off aggressively on news that Standard and Poors downgraded the sovereign [...]
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