Is the party over? Ouch! Look at Aussie dollar we are back to 0.92 region again. It only takes a day of action to give up our early gain. Not a pretty chart, but looks interesting. I guess I need to wait for a little longer to see the parity ‘dream’ comes ... Go to Full Article

Fed’s Big Rate Cut Lifts Global Stocks The resemblance is uncanny. On Tuesday, US stocks had the biggest rally in five years, just like one week ago exactly, thanks to better-than-estimated earnings from Goldman Sachs (GS: 175.59 +24.57 +16.27%) and Lehman Brothers (LEH: ... Go to...

Fed Cuts Benchmark Rate By 75 bps to 2.25% The Fed has cut the main benchmark rate by 75 basis points from 3% to 2.25%, less than the 100 bp cut speculated by the financial markets. The vote wasn’t unanimous; there were two dissents for a smaller ease, coming from ... Go to Full Article

Lehman and Goldman Earnings Exceed Forecasts US stocks rally strongly after the announcement of better-than-forecast earnings results from Lehman Brothers and Goldman Sachs. Lehman (LEH: 44.06 +12.31 +38.77%), the fourth-largest US investment bank, said it earned $489 million, ... Go to...

Forex Markets Await FOMC Rate Decision The US dollar has been holding steady against other currencies pre-FOMC rate decision at 1815 GMT Tuesday. The Euro has rallied almost 300 pips against the Japanese yen as US stocks surge Tuesday morning on the back of ... Go to Full Article

Brokerage Stocks Nosedive On Bear Fallout Everyone seems to have mixed opinions on whether or not JPMorgan Chase (JPM: 40.31 0.00 0.00%) got a good deal by paying only $2 a share for 85-year-old Bear Stearns (BSC: 4.81 0.00 0.00%). This valuation is at just 6% of its market ... Go to...

US Dollar Tumbles Ahead of FOMC Meeting The New York Fed’s Empire State general business conditions index fell to -22.23 in March from -11.72 in February. Market players had expected an improvement in March to -8.00. This reading was the lowest since the index was launched in ... Go to...

Bear Stearns Is Now Worth $2 Per Share On Sunday evening New York time, JPMorgan Chase (JPM: 40.31 0.00 0.00%) announced it will acquire rival Bear Stearns (BSC: 4.81 0.00 0.00%) in a deal that is worth $236.2 million, or $2 a share. This is an unbelievable turn of events ... Go to Full...

Dollar Plunges After Fed’s Surprise Rate Cut The US dollar is crashing, and this is no alarmist statement. The greenback fell sharply in the Asian trading session Monday against the Euro, Japanese yen and Swiss franc. In an extremely rare move, the Federal Reserve announced at the ... ...

Potentially Large Rate Cut Weighs On US Dollar Last week was rewarding for those who shorted the US dollar in the forex markets: the US dollar continued to fall lower against majors currencies such as Euro, Swiss franc, Yen and British pound. News of the Bear Stearns bailout and its ... ...

Shorting Frenzy in the Stock Markets US stocks gyrated through a rough rollercoaster ride this past week: they jumped super high and they fell super fast. After news of Bear Stearns (BSC: 4.81 0.00 0.00%) bailout, the Standard & Poor’s 500 Index (^GSPC: 1276.60 -11.54 ... Go to Full...

BOBBY's BLOG Wed 3/19/08. Good Morning:. The dollar fell again last night. read more. Go to Full Article

Forex Trading: EURUSD staying above moving averages The EURUSD tested the 100 and 21 hour moving averages and bounced rather quickly to the 1.9720 area. It demonstrates the desire to sell the dollar on moves higher. read more. Go to Full Article

Forex News: Canada Wholesale Sales due at 8;30 AM read more. Go to Full Article

Forex Video News: Economic Releases for Wed March 19th 2008 Forex Video News: Economic Releases for Wed March 19th 2008. read more. Go to Full Article