24

Feb

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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27

Jan

Dollar Rallies as Consumer Confidence Hits Record Lows

Posted by Kathy Lien  Published in consumer confidence, eur/usd, forex blog
In more than 40 years, we have never seen US consumers this pessimistic. The Conference Board’s report on consumer confidence fell to 37.7, the lowest level on record. The disappointing consumer confidence report will drag down risk appetite and drive investors into the safety of US dollars. The rally in the US dollar [...]
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