Posts Tagged ‘eurodollar’

FOMC Minutes Show Taper Is On Course, Fed Funds Rate Linked to Unemployment

by Christopher Lemieuxon February 19, 2014 7:53 pm GMT
The FOMC minutes showed that the Federal Reserve will change their guidance on interest rates as unemployment improves. Originally, former Chairmen Ben Bernanke assured the markets that borrowing costs would not increase prior to 2015, but January’s minutes give an indication that the central bank wants to move towards normal monetary policy. Several FOMC members […]

Euro Gets a Push From Weidmann, Is 1.400 In the Future?

by Christopher Lemieuxon December 27, 2013 7:17 pm GMT
The euro is up big on the dollar (along with every other major peer except the Canadian and Australian dollar, and, of course, the yen). European Central Bank (ECB) board member Buba Weidmann said that the ECB would need to raise interest rates if inflation pressures mount, and the euro hit 1.3892 in thin holiday […]

Trading Breaking Channel Momentum

by Christopher Lemieuxon November 26, 2013 3:49 am GMT
Trending channels occur when price action is confined into a tight range, either ascending, descending and sideways (sometimes seen as consolidation channels). The purpose of this system is to forecast and trade a break of price channels. Typically, momentum following the break is sustained long enough to achieve an attractive profit. This system works best […]

Euro Laughs In ECB’s Face, Takes Rate Cuts In Stride

by Christopher Lemieuxon November 26, 2013 2:32 am GMT
The euro laughs at the thought of continued rate cuts and loose monetary policy from the European Central Bank (ECB) as traders bid the euro up to the previous point held prior to the 25 bps cut in the benchmark rate earlier this month. The 17-nation euro-bloc holds dwindling economic prosperity, massive amounts of public […]