John Taylor Expects the Euro to Reach $1.20 – Bloomberg

In a Bloomberg Television report, “John Taylor, chairman and chief executive officer of FX Concepts LLC, talks with Bloomberg’s Betty Liu, Jon Erlichman and Adam Johnson about prospects for the euro.” “Things” in the EuroZone “are really falling apart”, he expects the Euro will reach $1.20 by August.  John Taylor, however, believes parity is a [...]

Slim Chances of Greek Aid May Hit the Euro

For over a month, EUR/USD has been consolidating,  between 1.3450 to 1.3800, on continuous uncertainty over Greece and aid support from the European Union. This week’s EU summit, Thursday and Friday, is likely to provide the catalyst to shape a new trend. At these levels, investors remain cautious as uncertainty prevails. Some recent commentary, events, [...]

Preview Ahead of the FOMC Decision

The Federal Open Market Committee is meeting today to discuss economic and financial conditions, and determine the stance of monetary policy to achieve its long-run goal of price stability and sustainable economic growth. Market participants believe the FED will leave rates unchanged at 0.25% and acknowledge that “exceptionally low” levels in  the FED Funds rate [...]

Will China Tighten?

Chinese economic data released last night, has investors speculating that a rate hike may come as early as tomorrow. A strong economic performance and a stronger than expected inflation number increased the odds. A decision to hike by China would dampen the risk trade and benefit the U.S. Dollar. The Aussie and other commodity currencies [...]

Blumenthal Sues S&P and Moody’s

Connecticut Attorney General Richard Blumenthal said he is suing Moody’s Corp. and Standard and Poor’s. If you remember 2008, rating agencies looked to be playing catch up and cutting ratings on financial institutions left and right. Enormous wealth was being destroyed in the blink of an eye as financial instruments that held AAA ratings were [...]