The US Dollar is the World’s Reserve Currency, For Now

by Christopher Lemieuxon March 30, 2014 3:33 pm BST
The US dollar has been the world’s reserve currency and safe-haven asset, but central banks could reduce their dollar reserves by 10 to 15 percent over the next couple years, according to the Bank of International Settlements (BIS). The BIS states that the double-digit reduction will not threaten the dollar’s reserve currency status, yet this […]

The BoE Conundrum: When to Raise Rates

by Christopher Lemieuxon March 28, 2014 10:38 am BST
The Bank of England (BoE) has done a lot to separate themselves from potential interest rate hikes as the economy strengthens, despite leading market participants with forward guidance that postures differently. BoE officials do not want to increase rates in fears that an unstable economy could be toppled, but there are dangers of low interest […]

Eurodollar Falls on Bernanke; Justified?

by Christopher Lemieuxon June 20, 2013 5:13 am BST
In the few days of my Forex Root absence, I was managing eurodollar positions gearing up for the highly speculated FOMC minutes and whether Bernanke would signal a QE taper (which he did, and bond yields popped). The eurodollar had seen a massive run-up from 1.2838 to 1.3412. Recently, the serge from 1.33 to 1.34 […]

Goldman forecasts gold rally amid debt-ceiling confrontation

by Forex Rooton January 21, 2013 5:32 am BST
Gold may climb over the next three months as U.S. lawmakers attempt to tackle the country’s debt ceiling and the world’s largest economy slows, Goldman Sachs Group Inc. said, advising investors to place bets on advances. “We see current prices as a good entry point to re- establish fresh longs,” analysts Damien Courvalin and Alec […]