Chris Lori, CTA

Not a member yet?

What are you waiting for?

A basic membership is FREE and it gets you instant access to the downloads and videos section.

Forex Factory Calendar

FXstreet.com: Fundamental: Reports on Interest Rates

China: Another rate cut from PBoC
The Peoples Bank of China (PBoC) today cut its leading 1 year benchmark lending and deposit interest rates by 27bp to 5.21% and 2.25% respectively. This was the fifth rate cut in less than three months (see chart 1). In addition, the reserve requirement ratio (RRR) for smaller commercial banks was cut by 50 bp to 13.5% and the RRR for major banks was cut by 50 bp to 15.5%. In light of the very weak November numbers released for the Chinese economy, the rate cut does not come as a surprise. On

Japan: BoJ cuts leading rate by 20bp and turns to quantitative easing "light"
Overview: As expected the Bank of Japan (BoJ) this morning cut its leading O/N target rate by 20 basis points to 0.1% in a seven-to-one vote - with one of the board hawks, Tadeo Noda, dissenting on the interest cut decision. In addition, the BoJ increased the target for outright purchase of Japanese government bonds (JGBs) and will soon start to purchase commercial paper outright. The BoJ also left the deposit rate (interest rate paid on banks excess reserves) unchanged at 0.1%. The interest

RSS integration by RSSinclude

FXstreet.com: Forex Forecasts

EUR/USD Daily Outlook
INTRA-DAY EUR/USD OUTLOOK : 1.3426 Updating time : 06 Jan 2009 08:17 GMT As euro has remained under pressure, suggesting recent decline remains in progress n weakness twds 1.3400/05 can't be ruled out, however, loss of down ward momentum shud limit downside to 1.3380 n yield rebound later today. Stand aside for now n buy dips for day trade. Abv 1.3460/65 wud signal low possibly made, 1.3500. Range Forecast 1.3425 / 1.3465 Resistance/Support R: 1.3546/1.3568/1.3618 S: 1.3415/1.3370/1.3330

New Year and New hope in Markets
Last week’s currency trading review The Dollar was little last changed over the holiday period with quiet markets. Stocks did experience a rally on the first trading day in 2009 and this helped to improve risk sentiment. On the data front December Consumer confidence slipped to a record low 38 vs. 45.2 previously. Improvement was seen in the weekly Unemployment Claims falling to 492K vs. 586K previously. On Friday we saw the December Manufacturing ISM drop to 32.4 vs. 35.5 previously. The Euro

RSS integration by RSSinclude

BLOG ARCHIVES

Oct 2008
Sep 2008
Aug 2008
Jul 2008
Jun 2008
Oct 2007
Sep 2007

OIL

Chris Lori | Forex Blog | Forex News and Headlines

USD in Corrective Mode

28/08/08 08:09

Helped by stronger oil at $119/bbl and a hurricane threat in the Gulf of Mexico the USD is selling off after an over-extended run. 2yr rate spreads have continued to move in favour of EUR/USD and this can provide more accelerant for the move higher. I anticipate stronger EUR from current levels over the near term. Read More...

Tags: OIL, USD

USD fell Thursday largely rationalized by a rally in oil

21/08/08 21:13

The USD fell Thursday largely rationalized by a rally in oil, which jumped to its highest level in 2 ½-weeks to $121.94 per barrel. Read More...

Tags: USD, OIL