USD/JPY on a Tear, Key Level

Posted by Kathy Lien Published in Bernanke, FOMC Minutes, Federal Reserve, Forex Technicals, Japanese Yen, consumer confidence, fomc, forex blog, usd/jpy

USD/JPY is on a tear this morning. US equities is also trading higher which is completely mind boggling given the fact that US economic data was very weak and Fed Chairman Ben Bernanke warned that we may not be looking at a recovery in the US economy until 2011 or 2012. There could still be [...]

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Feb

How Would US Bank Nationalization Impact the US Dollar?

Posted by Kathy Lien Published in 2009 eurusd forecasts, Bernanke, forex blog, nationalization dollar

I want to share my piece on How Nationalization of Citigroup and Bank of America could impact the US dollar if you haven’t caught it already (so I’m am posting his before I head to the NY Traders Expo). The rally in gold prices tells us one thing and one thing only, which is [...]

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Jan

January Fed Meeting (FOMC) Preview: What to Expect for the USD

Posted by Kathy Lien Published in Bernanke, Fed Rate Cut, Federal Reserve, US Dollar, US Economy, fomc, forex blog

For the first time since August 2007, the Federal Reserve is not expected to change interest rates. With the fed funds rate now set to a target range of 0 to 0.25 percent, the Federal Reserve has maxed out on their most conventional monetary policy tool. Although they still have different ways of adding [...]

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Jan

Bernanke Rebrands Quantitative Easing as Credit Easing

Posted by Kathy Lien Published in Bernanke, Federal Reserve, credit easing, dollar rally, forex blog, quantitative easing

For the first time since cutting interest rates to 0.25 percent, Federal Reserve Chairman Ben Bernanke outlined his plan of action. In a speech at the London School of Economics, Bernanke talked about the additional tools available to the Fed, an orderly exit strategy, concerns about inflation and suggestions about how the Obama Administration [...]

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Dec

FOMC and Treasury: Help is Here - On The Way – Standing By

Posted by Jerry Furst Published in Bernanke, DOW, FX, Forex, MBS, Paulson, Technical Analysis, USD-CAD, Uncategorized, charting, currencies, fomc, gold, interest rates, mortgage backed securities, trading

By Jerry Furst- Sr Analyst “1st on Forex”

at Investors Education Network.com

Historic FOMC Decision - and Annoucement - US Dollar Down Against the Majors

Above - the USD-CAD 4 Hour Chart (click to enlarge) shows continuing weakness. Supporting Trend lines posted yesterday held quite well under the strain of the FOMC Announcement

Attendees of my webinar were treated to a nice display of volatility and fundamentals

Thoughts from today’s FOMC announcement and observations to ponder

Unusual Delay and Accompanying Text

Traders used to receiving FOMC announcements promptly at 2:15 on the dot were treated to a slight delay waiting until 2:21 for the much anticipated announcement – and the accompanying text – which proved to be worth the wait!

Not wanting to be left out of the spotlight - Treasury Secretary Paulson was interviewed by Maria after the bell on CNBC and carefully stammered through his responses stated, “I am expecting no “major” institutional failure in the future. “

I have a new respect for Hank as the printed statement is quite nebulous but sounded great! He has come far as a politician and public statesman!

The Fed said – It would be a buyer of Mortgage Backed Securities

Gold responded by edging up over $850

DOW Rallied Over 400 points - closing up 370

Trichet stated earlier in the day that they do not need to keep pace with other central banks.

The Fed stated that it “will employ all available tools” – to return to “the normal functioning” of the markets. they will buy mortgages and perhaps even more speculating consumer finance.

The “1st on Forex” Week Ahead Condensed Economic Calendar- Click Here

Jerry Furst is an active trader, educator, and Founder of Investors Education Network (IEN), He is a Mentor and Trading Coach to Select Clients Click Here for a Free Self Evaluation Survey.